All Forum Posts by: Mitch Hohlen

Thanks @Jaysen Medhurst!

Hey everyone!

When using the BRRR calculator on Bigger Pockets, I have a couple questions about what numbers I should be entering..

1) Under the "purchase loan details" is it most common to amortize your initial, shorter term loan over 20 years? 

2) Under the "Refinance loan details" if i plan to sell the complex at the end of 5 years, but refinance after 2, do I still enter the same amortization as if i wouldn't be selling? I.e if I were just going to hold on to the property for 20 years. 

3) Under the "income" and "expense" sections, do I put the current numbers that the property is yielding, or numbers which i think it will run at after i have purchased, remodeled and leased it back up? 

Thanks in advance for everyone's advice!

Hi @Seth Ferguson-

Thanks for your response.  I'm asking about fee structure / splits.  I am familiar with the syndication process, but since we will be limited to 3 total partners, I think it makes more sense as of now to go the partnership route. 

Both investors are accredited and qualified purchasers.  

Hey everyone! I'm trying to buy two multi-family complexes and have a few individuals who have committed to giving me private money to fund my down payments.  The two opportunities I'm working on right now are  a value add (110 units, $4.3M purchase price, $330K in rehab costs, and will need roughly $1.2M at closing).  The second is a buy and hold opportunity on a 15 unit complex.  (roughly 900k purchase price, and $190k needed at closing).

Does anyone have advice on how to structure the private money as a portion of the deal? Does it make sense to do it as a separate debt sleeve or will i need to give up equity and a % of the cash flow each month? I'm sure there are thousands of ways to do this, but I would love to hear what others have actually done. 

Thanks for your help!