All Forum Posts by: Jason Shackleton

Hey @Ruslan Bachinsky Do you currently have a lender that will fund ground up construction?

Hey @Grace Galang 

There are lots of lenders that will refinance a SFR in an LLC. Happy to connect you.

All the best,

Hey @CJ M.

It sounds like this deal has some pluses. I am not a commercial property investor but having the same tenant for 20+ years is definitely reassuring. It shows that the area and clients of these businesses can support the rent for the buildings over a long time period. It also makes me wonder if the owner has also owned the building for 20+ years too.

How do you intend to finance the purchase of the building? If you don't have the financing completely in place or even if you do and you want to keep more cash in hand you should be asking if the seller is open to seller financing. Never hurts to ask.

Hey @Ethan G.  

That is a very large renovation budget with a relatively low purchase price. It would be really tough to avoid hard money rates on a project like this. I have a few lender recommendations in mind for this deal.

Hey @Matt Tarpill

Let me know if you need a secondary financing quote when you do locate a property to purchase. I have a commercial lender in my network that only deals with properties $5m and above.

Best of luck on your property search!

Hey @Avinash Dongarwar I have a contact that has been setting up LLC'S for real estate investors for the last 15 years. There are many things to consider here. I am happy to connect you.

All the best

Hey @Sanket Prajapati 

Welcome to BP. I would ask yourself what do you want real estate investing to help you achieve? Once you have that answer you can start reverse engineering from that goal and take steps towards achieving it. The most important thing to do is take action towards your goals. 

All the best with your investing!

Hey @Elizabeth Singler I have a lender that might work well for you. The issue you will face is seasoning time. Lenders like to see that you have owned the property for a period of time before refinancing it.  This is something to keep in mind as you look for lenders. 

All the best,

Hi @Alex Grullon

I have a contact that works with investors by helping them set up LLC's to hold their properties. She has been doing so for 15 years. There are also definitely lenders that allow you to purchase under an LLC. The rates are likely to be higher but you do get asset protection etc.

Hi @Account Closed I am in Ontario Canada. Happy to have a fellow Canadian on here. 

All the best with your investing!