All Forum Posts by: Manuel Angeles

Have you invested in a coaching program or mentorship program to learn real estate investing?

What company or person and program did you invest in?

How did it help you grow your real estate portfolio and better your investing?

 Which institutional level buyers do you sell / wholesale your inventory to?

Hello,

I have homeowner looking to sell his home.

He wants me to loan funds to renovate the home, then we split the net profits over his asking price 50-50.

Has anyone here done a deal like this?

What is a good way to structure this deal?
I will provide the general contractor.
I have a private lender to provide a 2nd TD for the renovation.
Then I can record a 3rd TD as a shared appreciation mortgage to split the net profits.

Existing 1st mortgage balance ~$300,000
Needs ~$200,000 in renovation  - to be provided on a 2nd TD
     Total new existing debt: $500,000 (between 1st and 2nd)

Current Estimated Value $770,000
ARV $1,100,000

3rd TD shared appreciation mortgage will dictate a splitting of Net Profit on top of the $770,000 estimated value.

Do NNN Property Sellers Typically Accept Subject-To Offers for Purchase?

Example offer contract from one of my mentors

Purchase Price: $2,000,000

Terms: $200,000 cash down 
Seller to carry a 1st via an All Inclusive Trust Deed on mirror terms with a principal balance of approximately $1,000,000 at 4% annual interest rate
Seller to carry a 2nd for balance of approximately $800,000 with an annualized interest rate of 4%, 10 year term, fully amortized, due in full on December 31, 2030
Seller to be named on property insurance policy to protect seller's investment

@PaceMorby

I am a real estate broker in California licensed under CalDRE and NMLS.

How do I start brokering notes? Performing and non-performing.

Thank you!

If I structure it so that the 1st TD holder is a Trust, 
And all 5 private lenders have a 20% beneficial interest in the trust...
Would I need SEC filing?

@Jillian Sidoti

@Gene Trowbridge