All Forum Posts by: Jeffrey A Hayes

Hello everyone,

I was wondering if we know will there be a conference every year or will it be spread out every few years? 

Jeff

Absolutely. Thanks @Aaron Montague. So basically, "back of napkin" to see if it loosely works...making an offer, if offer is accepted, during the due diligence, find out the age of everything...re-run the exact numbers and then make adjustments accordingly.  

Hello everyone, 

I have my eye on a duplex and I'm about $10K short for the 25% down typically required for a 2-4 unit property.  I've contacted the seller, and they are open to offering seller financing on a portion of the house.  Question is, how much do I take advantage of it? My initial thought was to only ask for the $10K but then if I did $20K, that would leave me with some cash reserves for the just in case scenarios...or eventually a shorter leash on another property. 
Has anyone structured deals like this and will the bank have any problems with this assuming they know where the money is coming from?Thanks!

Just to add, I get that I can do it with BRRRR but what about straight buy and hold? Or is everyone suggesting the deal would include some forced appreciation by replacing certain capes item? Also, my focus is small multi family.

I’m a new buy and hold investor and I’m vetting all my financing option and while private and convention lending make the most sense, I’d like to understand everyone’s opinion on hard money use case with buy and hold, namely the exit strategy.

Hi BP.

I’m looking at several great duplexes and one thing that seems to be a sure thing. They all have window units. I know it’s probably the only thing that makes sense from a tenant billing perspective.

Look forward to your input.

Hello,

Looking for known lender options that require only 20% instead of 25% for a down payment on an investment property.  First couple I've found require 25% BECAUSE its investment.

Sincerely,

Jeff

Hello.

ISO property inspectors to work with for my multifamily investing business.  Please reach out. 

Thanks in advance.

Jeff Hayes

Hi BPer's, 

What does it mean when a property in the marketplace shows "Archived"?

Jeff

Thank you both. Right so if things aren't new or somewhat new, account for the replacement cost up front. If they are new, in the calculator, go ahead and estimate 5-7% of the costs per month to go towards that, like you said into a separate fund for CapEx.

Does that sound right?