All Forum Posts by: Ian Dunross

Hey everyone,

  I'm in Gainesville this week to look at some Real Estate (this awful hurricane not withstanding). If anyone wants to meet up for a coffee or something please let me know. I'm interested in purchasing multi-family buildings as well as hard money lending and possibly doing some private 1st mortgage residential loans..

My goal is to buy one multi-family building a year. Lets meet!

Hey everyone thanks for writing,

Would a standard second mortgage be considered a security as well? I know people who give 2nd mortgages who are no where near accredited status. Seems like a big gray area to me!

Hey Chris,

 Thanks for writing! I'm planning to put down 10% - 15% of my own money in the deal, I'm looking for a lil extra help from a 2nd mortgage/equity parter so i can keep some liquidity for other deals. My goal is to buy one multifamily a year for the next 15 years..

Nice to meet you!

Hello everyone,

Hope everyone is doing well this weekend! I'm looking at some 6 - 10 unit complexes that require a commercial loan. The loan officers don't mind if I use my own money for the 25% - 35% down payment , or if i get alternative financing. 

I'm going to offer some investors i know two different options. Let me know what you think of this idea..

Option 1 - Investor extends a 2nd mortgage for the financing. Once the mortgage is satisfied the investor will have no other ties to the property..

Option 2 - Investor INVESTS in the property with me in exchange for a piece of the equity. To do this I'd require the investor to co-sign on the 1st mortgage with me. Their investment payoff would be tied to the actual cashflow of the property..

Both types of deals have their pros and cons, ideally I'd prefer Option 1 because I'd end up with total ownership/control of the property..

Would love to get your thoughts!!

Thanks everyone for the ideas!

Hi everyone,

Glad i found bigger pockets. This is my first post and it's nice to meet everyone!

I'm in the process of putting together a syndicate to invest in a 10 unit building. I'm still deciding if i want to syndicate the entire purchase price or just the down payment..

Anyway, I'm trying to think of a way to start the deal by syndicating but payoff the other members of the syndicate so 10-20 years down the road i own all of the equity in the property. 

Is it common to amortize a syndicate over time so they receive a great payoff but don't end up owning the property? Any advice would be appreciated!