All Forum Posts by: Jason Shackleton

Hello @Mark Simpson!

Welcome to BP and congrats on the podcast episode!

Hey everyone. This is a question for all the passive investors out there. With so many syndications available to invest in these days, I am curious what syndication do you invest in?

Hey @Zachary Carver

What is the average price of the properties in the portfolio?

Hi James, 

That is awesome! Congrats on your success. 

Hi @Reginald Cook,

This sounds like a good deal based on the condition, PP and ARV. It will be challenging to do this deal with a pp under $50k. It is possible but only a few lenders will do this. Yes you can buy with hard money and not do any fixes. The challenge will be the seasoning time required for the next lender you use for the refinance. That next lender will have a seasoning period (time of ownership) of usually at least 6 months. Some will do less if you use the same lender for both the hard money and the refinance.

In my opinion I would get a hard money loan and get some of the renovations paid for (or all) by the lender. Boost the value of the property as much as possible. Then in 6 months get all of your money back (or more) on a refi and do it again.

Good Luck

Hi @Jacob Claxton

That is a really awesome situation you have. Your work renting from you sounds great. It's almost a type of job security in a way. Can they really fire the landlord? lol. I work in the commercial space from the financing side. It is possible to do a BRRRR on a commercial property but it is harder than on a SFR for example. If your employer is looking to rent and occupy the space right away there is not much time for renovations or value adds for a BRRRR. In this situation It is likely easier to just put 25% down and hold for cash flow if possible. With this relationship you can more easily negotiate a yearly rent increase and that will help you look better to a lender for a refi in say 5 years on renewal.

Hey @Freddie Williams I agree with @Account Closed here. You need to find out why those units are vacant. If it is because the building is in an unsafe area, move on.

However if it is because the landlord has simply neglected property management this could be a real opportunity especially if he is motivated. Buy at a discount, renovate the units, increase the income and refi or rent for cash flow.

Yes you can get financing on a deal like this. I would likley look to get some of the renos financed as it will likley need it. 

Good Luck!

@Elizabeth M Williams and @Ryan Tam

I agree with that recommendation!

Hey @Benjamin Arritt

Impossible to say but there are many. I know a bunch that invest in the US but live in other countries too. 

Hey @Pra Che

Buy a well stabilised rental portfolio off market in Ohio for $3m? Put 25% down plus closing costs. You will be close to hitting your cash flow goals here. You would then be left with around 200k or so. Use this 200k to flip properties and make more cash flow, exceeding your goals. Just my 2 cents.

Good Luck!