All Forum Posts by: Keith Lanier

Been reading up on it and I want to see what the smart guys says in their on words? 

thanks to all you guys that smarter than me, or more informed, for the moment!

 I see some good suggestions here, so I will just add, that for me the mentorship is the best way, if learn everything you think there is to know you will still make mistakes on your on, and in Commercial Real estate, that could be a killer, and then it will take longer for you to get good @! Godd Luck....I see people give FRRE good advice here...

 No way around the year, living there, unless you break the leaders rules, and I believe the can call for the to be paid off immediately? 

 That is impressive, but I need the help you started out with? I am privy to a multimillion apartment complex deal, plenty potential, I don't have the pockets, I like to a couple money and experienced partners that can help me learn, and cooperation to review the deal and take advantage of this situation, the units about about 6 minutes from Downtown Houston and 2 Major Universities UOH and TSU....thanks!

 Need some good partners that can make a ton of money off what I have discovered in a Big Apartment Complex deal close to 2 major University, i dont have the deep pockets to make my part work?

thanks!

I am a former Real Estate Investor, my health was in question for about 4 years, and I have lucky and blessed to finally start to get back into the Game, I have never had any experience in apartment complex investing, my family have managed units for more than 30 years, that was my mother and she is not here anymore...in talking to the owner of the Complex, I see he doesn't have the effective managerial experience to do the job well enough, and the units are becoming deplorable, he has a gold mine, because where the units sit, right now the units, sit maybe within a mile to two major universities, one being UOH, that would be the University of Houston, and the next would be TSU, and that would be Texas Southern University, not ivy league, but top Universities, and the area supports it with what it cost to live in this area, that being said....He wants a ridiculous amount, for the units, but there are not cash flowing like they should, under managed, so we talk about a sale, and he is willing to sell, but I will need a strong partner to make this happen....Love to talk more to someone that has high net worth that could bring equity to turn these around....I have Commercial Financing that wants to paly, but I am not strong enough, with a a capital partner...Anyone? Anyone other than someone that is scamming or looking to take advantage of someone new to this table, we have strong Real Estate advisors, and legal up if we happen to put something together...thanks in advance!

 Good advice right there,,, you have to make the sacifices so you don't have to sacifice nothing later, when it means the most...real talk!

Be patient with me, cause I just learned about this platform, and I am looking for a solution to my real estate issue, still looking so I said maybe I can help someone else where I look for the answer to my issue...As far as the $40K, I would try to do a deal keeping your cash out the equation for the moment, so that means you have to find a deal that has some equity, you can leverage to get a loan for the remainder of what you need to finance the deal, you may need some of your $40K for soft cost, like closing cost...but for the acquisition and repairs try to keep your money out of it, cause there will be unintentional mistakes and you want to be able to recovery...But you will be OK, Househacking it is a different subject? I am embarking on it as we speak, but we are doing a New Fourplex Development, and there is family and friends and we going to venture out from there...If I missed something then you can come back to me, I hopes this helps in some ways, or others may read it and can elaborate more, make some other points, on the matter...Good Luck to you in your venture and endeavors....My name is Vel be the way!