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All Forum Posts by: Antoine Martel

Antoine Martel has started 9 posts and replied 533 times.

I would reach out to someone from BP support.

Post: Potential partner willing to fund deals

Antoine MartelPosted
  • Investor
  • Los Angeles, CA
  • Posts 577
  • Votes 240

Justin.

This is a great partner to have and I have many of these for my out of state deals that I am doing. You're going to have to create a JV agreement for every project that they are involved with you on. This will make sure everyone is on the same page and make the agreement "legal" between the both of you.

Post: First rental property purchase

Antoine MartelPosted
  • Investor
  • Los Angeles, CA
  • Posts 577
  • Votes 240

Phillip.

I've been investing out of state for the past couple years and I would recommend you do the same. A beach view condo is not something that you should get into when you are first starting. Stuff like that is what you could get into in the future. I'd recommend looking in Memphis, Cleveland, St. Louis.

Connect with me and we can meet up and chat. 

Post: Is this the deal of the year?

Antoine MartelPosted
  • Investor
  • Los Angeles, CA
  • Posts 577
  • Votes 240

I don't believe it. 

Post: Out of state REI or wait for market to cool down.

Antoine MartelPosted
  • Investor
  • Los Angeles, CA
  • Posts 577
  • Votes 240

Kealii.

I'm a real estate investor from CA and only invest out of state. Its a method that really does work especially when many markets are so hot right now. Out of state is the place to be. There is no time to wait for the market to cool down. There are plenty of deals out there right now. 

Connect with me and I'd love to chat and see how we can work together!

Post: Too drunk to be evicted

Antoine MartelPosted
  • Investor
  • Los Angeles, CA
  • Posts 577
  • Votes 240

Wow. Thats crazy.

Post: looking for creative ideas need some extra down money on a 6 unit

Antoine MartelPosted
  • Investor
  • Los Angeles, CA
  • Posts 577
  • Votes 240
Originally posted by @Ryan Good:

@Antoine Martel Thats a great idea thanks!! Does commercial lending ever lend more than 80 percent ? 

 Most of the the time... no.

Post: Partnering: how to make sure I don't get screwed?

Antoine MartelPosted
  • Investor
  • Los Angeles, CA
  • Posts 577
  • Votes 240

What kind of project is it? A fix and flip? Make suer to review the JV agreement with them, make sure that your money is put on title for the property. Make sure they have some skin in the game. Make sure that you know the people who will be in 2nd position etc. I wouldn't do a background check. Just review that they have completed some deals in the past.

Post: Money from 401k to invest in RE.

Antoine MartelPosted
  • Investor
  • Los Angeles, CA
  • Posts 577
  • Votes 240

Yes of course. You have to make sure you have checkbook control in your 401k account. Do you have checkbook control?

Post: looking for creative ideas need some extra down money on a 6 unit

Antoine MartelPosted
  • Investor
  • Los Angeles, CA
  • Posts 577
  • Votes 240

Bring in someone called a "gap lender." They'll fund that gap and you give them a % of the deal. You can find these people by creating a package and then messaging them on BP.