All Forum Posts by: Jordan Archer

@Osnac Auguste

Jump to the podcasts. They cover just about every topic, and will give you a good direction of what type of investor you'd like to be.

Reach out any time.

- Jordan

Hello BP,

I have wholesaled 10 SFR and MFR properties in South Florida. I also own and manage 3 rental units.

I'm looking to build capitol for the acquisition of a 10 - 30 unit apartment complex, with an approximate COC return of 10 - 20%

Any and all property management would be handled by me, so you're investment would be completely passive.

Due to the property size, I expect I'll require at least $200k for the downpayment on an 80%LTVloan...depending on how much I can get the seller to carry back.

I'm pursuing markets with great job growth, and stable economic situations. Also, the properties that I consider will only be ones where I'll have the opportunity to force appreciation through minor renovation and increased rents; the properties will already have equity when they're purchased. Further, I am only considering properties that can be acquired at CAP rates higher than market average.

I've gained some momentum identifying properties of this nature through pocket listings brokers have sent me from Kansas City. I'm continuing to build relations with brokers in other cities as well.

Let me know if you or your affiliates are interested in working with me on a future project.

Thanks,

Jordan Redar

772-577-0084

@Doron Nissim

Thanks for your reply. 

Sourth Florida, particularly Boca is an area I have a lot of interest in as well. 

I'll keep in touch if anything comes my way.

- Jordan

@Nick Liddell

Since we are currently at/near the top of the market cycle, I would suggest only buying a great deal. (This should always be your approach, however now it's more critical). 

Start speaking with wholesalers and brokers to find a distressed property that you could force some equity in to, and purchase a a price that wouldn't cripple you once housing prices start to fall again. 

Alternatively, you could look to partner with someone who you would like to pool your funds with in order to purchase a larger commercial property, in an area where job growth and economic activity are excellent.

That's what I'm doing atm.

Let me know if you'd like to work together.

Sincerely,

Jordan Redar

@Marc Cesar

Usually REO flips are done with a double closing, where you have a transactional funder (hard money lender) front you the purchase price for the first close (usually costs $1,000). Then you have your end buyer immediately purchase the house from you at a higher price, simultaneously paying off the hard money lender and collecting your commission.

Any hard money lender you work with will be happy to provide you with any POF.

Good Luck

- Jordan 

@Tilmon Smith

Great Job! Keep it up

Hello BP,

I have wholesaled 10 SFR and MFR properties in South Florida. I also own and manage 3 rental units.

I'm looking to build capitol for the acquisition of a 10 - 30 unit apartment complex, with an approximate COC return of 10 - 20%

Any and all property management would be handled by me, so you're investment would be completely passive.

Due to the property size, I expect I'll require at least $200k for the downpayment on an 80%LTVloan...depending on how much I can get the seller to carry back.

I'm pursuing markets with great job growth, and stable economic situations. Also, the properties that I consider will only be ones where I'll have the opportunity to force appreciation through minor renovation and increased rents; the properties will already have equity when they're purchased. Further, I am only considering properties that can be acquired at CAP rates higher than market average.

I've gained some momentum identifying properties of this nature through pocket listings brokers have sent me from Kansas City. I'm continuing to build relations with brokers in other cities as well.

Let me know if you or your affiliates are interested in working with me on a future project.

Thanks,

Jordan

772-577-0084

Hello BP,

I have wholesaled 10 SFR and MFR properties in South Florida. I also own and manage 3 rental units.

I'm looking to build capitol for the acquisition of a 10 - 30 unit apartment complex, with an approximate COC return of 10 - 20%

Any and all property management would be handled by me, so you're investment would be completely passive.

Due to the property size, I expect I'll require at least $200k for the downpayment on an 80% LTVloan...depending on how much I can get the seller to carry back.

I'm pursuing markets with great job growth, and stable economic situations. Also, the properties that I consider will only be ones where I'll have the opportunity to force appreciation through minor renovation and increased rents; the properties will already have equity when they're purchased. Further, I am only considering properties that can be acquired at CAP rates higher than market average.

I've gained some momentum identifying properties of this nature through pocket listings brokers have sent me from Kansas City. I'm continuing to build relations with brokers in other cities as well.

Let me know if you or your affiliates are interested in working with me on a future project.

Thanks,

Jordan

772-577-0084

@Matthew Hunt,

I'm in the same arena you're in right now.

Definitely need some good boots on the ground that you can trust and work with. Find some good brokers in the area that aren't just trying to up-sell you, who will let you know what to stay away from, and what's a good deal. I'm putting out advertisements on the BP Marketplace to meet Money Partners. Never tried the crowd funding site. I'll take a look.

Unless you're working with someone much more experienced than yourself, who you trust with your life, I couldn't imagine buying out of state without flying out to see it. 

- Jordan

@Jen Teske

It just depends on your strategy and opportunity costs. Ask:

• Do I want to invest in A, B C etc properties?
• Are there better investments to be had?
• What is the average cap rate/% rule for the area?

Also, I'm a little skeptical of buying any rental properties right now, because we are pretty much in the top of the market cycle. If this meets your criteria, and you plan on holding for a long time, then no worries. However, the golden rule in RE is BUY LOW SELL HIGH. It's hard to do that when buying at the top of the market IMO.

Good luck!