All Forum Posts by: Joseph Pytcher

The project will already be levered up to 80-85%. I need a partner to put down the 15% plus holding costs. If your source can fund 15% plus holding costs, that's all I'm looking for.

Dallas real estate developer looking for an equity partner for new construction homes ranging between $900k to $1.1mm. These are leveraged deals, just looking for a equity/money partner. Net profits range from $150k-$250k and we split profits 50/50. Project from start to finish ranges from 6-8 months. 

I'm happy to go over the details via phone or e-mail. New construction is very strong here and I'd like to start immediately. Please visit my site at www.pytcherhomes.com to learn more about myself and my company. 

Joseph Pytcher

Steven, I'm licensed in Texas and have multi-family and property management experience. 

If you need help shoot me a message and we can start a line of communication. 

Joe, the house is sold but I'll add you to my buyers list. Thanks

There are less expensive hard money lenders out there. 

Can I refi into these programs? Any idea on what their max ltv is?

Long story short, I am starting to buy rental properties as part of my portfolio outside of flipping homes and have a lender that will lend me (short term)100% of the purchase and rehab but I am needing a lender I can refi to once I've bought, updated and leased out the home. 

Any suggestions? Preferably would like someone locally in Dallas and that does asset based lending. I'm not wanting to go through the conventional channels. Just looking for a lender that specializes in rental properties I can refinance into. Looking for suggestions!

Thanks! 

I'm a real estate developer in Dallas looking for a money partner (not a lender PLEASE) for new construction homes. I'm happy to discuss the terms and details on how we structure our deals on the phone or e-mail. New construction is thriving here and new homes sell very quickly with the opportunity to make a lot. Please visit my website www.pytcherhomes.com to learn a little bit more about myself.

Please no lenders, I'm looking for individuals who want to invest their money for a healthy return. 

Thank you! 

I hate to chime in here but I disagree with the majority of the advice given here. You guys are saying this "bubble" is about to pop. Do you realize how many families move to North Texas each day? There are literally thousands moving here and they need homes. They're going to continue moving here because our cost of living is relatively low, employment is high and our economy in Texas is better than most of the country. Our home prices rising? Yes, but it's because of growth, not because of lack of inventory. You can't just assume that because prices are increasing that there is going to be this massive repeat of 2008. Look at the economics of what is causing this increase and realize that if anything "were" to happen, that it would be cushioned by continued growth of our area. Look at the new Toyota Headquarters. It isn't even completed yet and that's bringing thousands of new jobs to this area. 

As far as keeping or selling the rental property, there is absolutely no reason to sell it unless you're strapped for cash. People always assume when they invest in the stock market that if stocks go down you sell. Little do they realize that they always come back up and if they had just held on to it, they would have made more. Keep the properties, pay down the note and in 15-20 years you'll have multiple properties that are cash flowing you a ton of money. 

I'm a real estate developer in Dallas looking for a money partner for new construction homes. I'm happy to discuss the terms and details on how we structure our deals on the phone or via e-mail. New construction is thriving here and new homes sell very quickly with the opportunity to make a lot. Please visit my website www.pytcherhomes.com to learn a little bit more about myself.