All Forum Posts by: Jarrod Pettit
Jarrod Pettit has started 4 posts and replied 16 times.
Post: What does it take to attract private investors now?
- Investor
- Dallas, TX
- Posts 86
- Votes 123
@Charles Carillo I agree! This is a great idea!
Post: What does it take to attract private investors now?
- Investor
- Dallas, TX
- Posts 86
- Votes 123
@Shiloh Lundahl You must be a PRO to be raising 2nd lien position private capital! Kudos to you on that! What terms do you typically pay to the investors that are in 2nd lien position?
I've only raised 1st lien position capital.
Post: What does it take to attract private investors now?
- Investor
- Dallas, TX
- Posts 86
- Votes 123
@Erik Hatch, is your recommendation to hold off on the capital raise till we see some stability?
Post: What does it take to attract private investors now?
- Investor
- Dallas, TX
- Posts 86
- Votes 123
I've made my career in raising private capital and deploying it unleveraged into C class rental properties and recently for the last 3 years into Mobile Home Parks. Very conservative model that typically pays 12-15% annually to my investors.
I am in the process of raising 5M capital currently for several mobile home parks and have already been turned away by several of my long term investors because they have either:
- taken a recent HUGE loss in the market (many had margin)
- generally terrified of the economy
I'm considering raising my return to the investor to boost it to over 16-20% but wonder if that will even do any good.
Post: New Mobile Home Park Acquisition in McAlester, OK
- Investor
- Dallas, TX
- Posts 86
- Votes 123
Investment Info:
Large multi-family (5+ units) buy & hold investment in Mcalester.
Purchase price: $400,000
Cash invested: $400,000
47 Unit Mobile Home Park
What made you interested in investing in this type of deal?
Great cashflow
How did you find this deal and how did you negotiate it?
Off market acquisition from my team at Better Exit, LLC
How did you finance this deal?
Cash purchase from my real estate fund
How did you add value to the deal?
Will be bringing in new units to seller finance
Post: Liberty, TX RV Park Acquisition
- Investor
- Dallas, TX
- Posts 86
- Votes 123
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $850,000
Cash invested: $850,000
100+ Unit RV Park
What made you interested in investing in this type of deal?
High yield cash flow
How did you find this deal and how did you negotiate it?
Off market acquisition from my team
How did you finance this deal?
Paid cash through my real estate fund
How did you add value to the deal?
I bring in units that I seller finance to increase occupancy
What was the outcome?
Has been performing great