All Forum Posts by: Matt B.

I have started looking at smaller deals in the meantime @Account ClosedI've spoken with a couple banks, numerous commercial mortgage lenders and I'm due to speak with a few equity investors this week. The amount has changed due to the nature of some of the leases (welcome to pm me for more details on that). but it has always been between 50-80% LTV.

Moments ago, I just found a great fix and flip opportunity (ARV should be about 3x the current sales price). However it's in a questionable neighborhood - or one that I know little about.

When choosing an investment property, how much do outside variables weigh in on your decision? Things like, neighborhood, quality of the schools, etc

Curious, because I hear about some people do a lot in very run down neighborhoods. Just looking for some outside input.

@Quentin Mitchell

I'm not very familiar with 1 & 8, could you explain these in more detail? and could they be applied to commercial use?

if you get that 80%LTV or 85%LTV loan, what are some creative ways to make up the other 15-20% needed?

I'm familiar with seller financing, but for my current deal, it doesn't work too well. 

Agents can & do a lot more than that. For whatever reason, you're dismissing their actual work load.

But you don't need to use an agent - if the work is as easy as you say, just do it yourself and save the entire 3%

Hi guys
I have a great commercial office deal that's got great cash-flow. (1.5mil annual rev /1.1mil NOI)
I have the knowledge and know how in real estate. (worked as an agent, member of a REIA, etc)
I have good credit

But I'm still having trouble having trouble getting the financing I need (even if they have 1st position) because I lack a portfolio and don't have the cash equity.

What can I do so the lenders see me in a better light and give me the financing I need.

Thanks

it can be done, you need to appeal to the agent though - what do they get out of this deal? right now its purely beneficial to you. Make an agreement that is mutually beneficial, and doesn't just satisfy your needs.

its harder if its the first time working with the agent, but if you have a relationship with them, then t'll def. be easier, because they know you'll use then on multiple properties for buying & selling.

@Jeff Cichocki I personally haven't given much thought to a HML. I was under the impression that they're rates were pretty high (if only for a few months, then its probably doable). However, for a refi, I'd also need to increase the value of the property substantially in those few months, correct? Unless I'm mistaken, my experience with refinancing is limited to books & forums, so I very well could be.

@George T. Yeah, I can't fully explain the my situation as it would require a long & detailed post.

So in short - I have a strong feeling, due to extenuating circumstances,  the current structure will be vastly restructured. Things like bringing seller financing down to 20-30% at 2nd position. And finding a larger lender to provide the rest in 1st position. This is all just a strong gut feeling of how things will play out though.

I heard Fannie Mae & Freddie Mac were good places to go to for larger loans. Have other people heard similar things? or does anyone have a preferred lender?

@Michael Plaks Was hoping to hear about tax strategies that people have actually implemented, how it worked out for them, and problems that they may have ran in to. 

I'm aware there are lots of books on tax strategies, but I was looking to hear more of peoples personal experiences with them. 

Why pay for the advice, when I could post a topic on BP and likely discuss it with other interested RE Investors

Just wanted to learn more about different tax strategies that people use for real estate. I know a little, but I could definitely stand to learn more on the subject.