All Forum Posts by: Jonathan Farber

@Todd Rasmussen - messaged!

Hey all, preparing to make my first larger size multi-family offer. We have a nice LOI prepared but I am trying to present myself / deal as professionally as possible. I will share whatever I come up with, but curious if anyone had a template or example they have used and had success with. Or if anyone had tips for creating one. Thanks!

@Kent Ritter this is one of the best tips / comments I’ve ever seen on BP. 

@Kent Ritter - thank you for this tip! Just to make sure I understand any tactics / strategy with this, how do you recommend doing this tangibly.

Conference calls with lender and prop manager?

Joint emails?

Thanks again!

@Lee Ripma - thanks for the response! Very helpful. I know it can be done many ways, but how did you structure your partnerships (equity split) with your local partners?

@Rick Martin - thanks for the comment and really interesting. Did you partner with people in territory or ‘just start a business’ locally?

@David Wilk so far 5!

I am pursuing a 16 unit property in Kentucky. Other than speaking with a mortgage broker, almost all the local lenders (commercial) mentioned they would have a hard time servicing a loan of this type to an out of state investor.

I was a little confused as I see people mention on here regularly that they buy MF in different states.

Any work around here or recommended lenders?

It seems like these 2 worlds are at war.  Real estate investors pouring all funds into down payments and creative strategies while FA's / money managers highly advise against this.  

I am writing this post because I am an active real estate investor but also looking for some help on understanding personal finance strategy / personal budgeting strategy.  Anyone else have the same question? 

Thank you @Israel Torres!!!