All Forum Posts by: Antoine Martel

Welcome to BP Ruben!

Depends. 

Are you looking to manage these properties or have a property management company manage them?

If your PM is comfortable with it, then I would say its a good idea. 

Yes there is.

Check out EXP Realty, they're online based. 

Congrats on your project. 

What do you want to do next.

Mike.

All brokerages will want you. Just call some brokerages locally, they will not have a minimum homes you need to sell, etc.

Harrison.

Pay them 10-12%, thats what we do. 

Loan should be for the term of the project.

Promissory note and deed of trust.

Labor and materials included in loan

Title is held with an LLC, which all investors are a part of the LLC.

@Christina Curl

This sounds amazing and I'm wishing you the best of luck.

To raise money for these types of projects, you will need an equity investor who can help fund the equity portion of the project. To do so you're going to need to create a package for them to raise those funds. To acquire the land you can get a land loan, these are some HML's that will do this. They will require 50% of the land price to be from your equity partner. Then once construction begins, you'll get a construction loan which will take out the land loan.

Hope this helps. 

I think its better to just call these real estate agents and ask them if they are looking to sell. No point in sending them stuff in the mail if you can find their phone number online since they are an agent. 

@Sean M.

Great question and I would love to help.

I live in LA and would love to connect with you. Connect with me and lets chat!

Suzette.

Welcome to BP! 

I live in LA and would love to chat about your goals and see if I can help. I don't invest locally, I invest all out of state, but maybe that would be a good option for you as well. Happy to help!