All Forum Posts by: Jay Ben
Jay Ben has started 33 posts and replied 64 times.
Post: SBA loan to purchase rental property without utilizing 51% for business
- Posts 72
- Votes 21
Hello BP fam, does anybody know of a way to get an SBA loan to purchase rental property without utilizing 51% for business? Or any creative ways like possibly partnering with a business that can utilize 51%? Thanks in advance
Post: Ideas on how to get started in multi family with $250,000
- Posts 72
- Votes 21
What would you do, assuming you didn't have the experience you might have today and wanted to get into multi family with $250,000?
Post: For the syndicators - has anyone ever raised their skin in the game for a deal?
- Posts 72
- Votes 21
has anyone ever raised their skin in the game for a deal? Would a hard money lender possibly entertain that? I can raise the money from potential LPs but I do not have the skin in the game that I would need at the moment. Would really appreciate any ideas!
Post: How does one find a syndication in his local market?
- Posts 72
- Votes 21
Quote from @Nick B.:
There is no list but you can always do a reverse due diligence:
- Find several apartment complexes that fit your investment criteria (e.g. location, size, vintage).
- Check public records for ownership.
- If a property is owned by a company, look up that company on Corporation Wiki, Open Corporate or similar websites.
- Find key people.
- Lookup those people to see if they also run some kind of investment or private equity company.
- Find the company website and send then an inquiry if they take investors.
On a second thought, why do you insist on NY or LA?
good idea, i just would prefer to do business in my local markets. im from new york and live in LA and go back and fourth a lot, as well as the appreciation in these markets
Post: How does one find a syndication in his local market?
- Posts 72
- Votes 21
I found and spoke to multiple syndicators on bigger pockets but they are all investing in markets that are landlord friendly like TX FL AZ etc but I would like to invest in a market that I'm based in - New York City or Los Angeles. Is there like a Directory or a list of different syndications I can invest in?
Post: what are some value add strategies for a rent Stabilized market
- Posts 72
- Votes 21
im looking to invest in NYC or Los Angeles where the rental laws are not landlord friendly. How would you add value in these types of markets? Other than rubs or cell towers.. how can i add value and hit a 2-2.5 equity multiple in 5 years or less? Could it be done with a cost seg depreciation?
Post: how to evict a horrible tenant
- Posts 72
- Votes 21
ive had this tenant for about 2 years now and hes a menace. He sends inappropriate text messages (pictures on mens genitals) among other things calling me bad words and what not. Are these grounds for eviction? anybody ever have a similar situation, any suggestions?thanks
Post: In CA we have ellis act to evict - Anything similar in NY?
- Posts 72
- Votes 21
In CA we have ellis act to evict without cause, is there Anything similar in NY?
Post: low cap Class A market Or high cap and high projected IRR for C class market?
- Posts 72
- Votes 21
i see %100-%200 appreciation in these landlord unfriendly states over the course of a decade. What am i missing here?
Post: low cap Class A market Or high cap and high projected IRR for C class market?
- Posts 72
- Votes 21
which would you pick? I'm starting to think the best way to build future wealth is investing in better markets at Lower short term yields and high appreciation (nyc, LA etc..) Rather than aiming for deals showing 20 plus IRR.
What are some of your strategies for investing in Low cap markets?