All Forum Posts by: JJ Raskin

@John Underwood

There are very few deals that will cashflow positive in the Area I’m looking at. I thought this might be a good alternative and he’ll me start slow... 

@Todd Dexheimer aha. Thank you Todd

@Andre Debs gotcha. Ok I will definitely look into this. Much appreciated!

@Todd Dexheimer

Thank for that. Interesting point. I need to look into this more with my attorney...

But how did these people buy homes with credit cards? Did they buy them straight out on their credit?

@Andre Debs also thanks for the input. I may have to re-analyze what I’m doing with the property.

@Andre Debs I was unaware about that... what fees would I incur from the SEC?

Truth is, this won’t be a traditional syndication. I should’ve used the words raising funds. I’m thinking bring the investors in as GP - just without the voting rights.

@Jim Goebel

Thank you. Just trying to find ways to make that work. But like you’re saying sometimes the best way to do this is by not doing it.

Thanks

Hi All,

I found a really great looking property that I’m working on syndicating. The deal is approx $380,000, but I don’t have any money of my own to invest in the deal. I have investors lined up and should be able to raise the necessary funds. I would like the opportunity to invest in my own deal as an investor as well to increase my cashflow as well as my equity in the property.

To do this I’m considering using a 0% apr credit card. I would pull out money and invest it in the deal. The deal should cover the interest payment even if I exceed the interest fee period.

My issue is “cashing out” the credit card. Does anyone have experience with turning a credit into cash? I was thinking to use PayPal. It’ll Cost 3% to turn the credit into cash.

I hear about this idea on the podcasts and forums a lot, but don’t know how to do it practically. I have never done this before and would love to hear what the forums have to say.

Any help would be greatly welcomed and appreciated!

Thanks

@Michael Noto

Thank you Michael!

Hi all,

I have found a deal in Vernon, CT that I think is great and want to submit my LOI ASAP. The problem is that I found the deal so early in my search that i don't have a team in place yet...

Anyone have recommendations for a commendable local property manager, real estate attorney, local mortgage lender and/or property inspector.

Thanks!