All Forum Posts by: Matthew Patrick

Thanks @Jake S.I really appreciate that, but unfortunately I am not local... and hence my dilemma. I am unsure if the BP community in the area has worked successfully with a particular institute

Hey guys & gals, 

This is a revise & re-post, because originally I was going to utilize a property in NC, and realized the 5+years of rentals from my other property might bode well with a loaner. 

I am looking form some local help today a *recommendation* (I not soliciting for direct lenders) for a Home Equity loan on a SFH Rental we own in Hilton Head, SC. The LTV ratio we are looking for is about 0.50 and we own the SFH outright and have been renting it for about 5+ years. We're looking to borrow funds to use for a potential short sale, elsewhere.

Just haven’t been able to find any good institutes and we’re looking for some relevant and experienced responses.

Thanks in advance BP community!!

Matthew Patrick

Hey, I actually found a resource for Long island. Check this map out. It lays out zoning areas, MFH, SFH and commercial etc...
http://www.longislandindexmaps.org/

Thanks @Scott P. you may be able to help, and i'll ask that question at the end. 

@Steve Hall, I have an attorney, he has helped set up a few of my other businesses, but with this one, I am partnering with a few guys to wholesale and flip, so really I was looking to create the OA myself and then shoot it over to an experienced RE Attorney with experience in setting up similar business for him to input on some clauses that I may have completely overlooked or left out. 

So I am re-directing this question now to: "DOES ANYONE HAVE A RECOMMENDATION FOR A RE ATTORNEY WITH EXPERIENCE DOING THIS ?"

Hey BP Community. I have 2 business partners along with myself who would like to start a RE Entity (s-corp only). I am making my Operating agreement myself by utilizing basic forms from USLegalforums, but I am wondering if anybody would be willing to share one that I could re-create to suit my own, or a resource that I could go to for FREE ideas and/or a template to use. 

Thanks in advance!

@Mark Burlison, thanks, but as I stated in the post, I am looking for existing properties that are multi-family, and NOT necessarily a multi-family properties that are for sale. 

Does Realtor.com have a demographic search tool I dont know about? 

Hey all, 

I was doing some research and reading this article: https://www.biggerpockets.com/blog/2015/11/16/how-...  

A partner investor and I was doing our diligence on a potential property, but had the idea of converting it into a multi-family. My background work would first be to see if the area is pro-multi family. So I wanted to know, Is there a tool or procedure you use to find all the existing multi-family properties in a given area? 

To refine the question, I am not looking for Multi-families for sale, ie. Loopnet.com or by filtering my search on Realtor.com

thanks in advance for your help!

Ok, this answer may be a totally "out of the box" one but it'll add to the discussion, and if you ponder, it does make sense for more established markets. 
If you follow the pop-ups of  some big box brands, you will find your work already done for you. Companies like Starbucks, Whole Foods and Trader Joes are chains that DO NOT franchise out, and so they have internal teams doing diligence, market metrics based on income and family size, and tend to pick good soil for their stores. 

Not your average metric, but it's something different to consider