All Forum Posts by: Mona B.

Hi BP Community! Question: Can you fix-n-flip a "subject-to" property or could you really only BRRRR a "subject-to"? Does the "due on sale" clause go into effect if the "subject-to" property is sold after rehabbing it?

Side question: does anyone have successful experiences completing “subject-to” deals with on-market listings & working with listing agents – especially in FL? Is the property owner responsible for the listing agent’s commission?

Hi Everyone! After strategizing for months on how to finally start RE investing, I’m seeking to gain additional investing capital through wholesaling. Investors like @lilithompson have shared their wholesaling journey working with on-market distressed & outdated properties with success.

Has anyone else used the method of wholesaling with RE agents & on-market listings? Has your experience been successful, non-successful? Do you inform RE agents you’re a wholesaler or an investor that works with other investors? As I’m in Central FL, would love to hear from others here and their experience with wholesaling, or if you’ve moved to wholesaling out of state due to the down-turning market.

Quote from @William Costello:

@Mona B. Specializing and teaming up with a great syndication group is a great way to break into the real estate investment world. Underwriting is a very valuable skill as well as connecting and finding investors. I would also suggest networking a ton. Going to real estate meet ups in your area and being very active on LinkedIn

LinkedIn, as well as this platform, have been great in networking and connecting with like minded people. I plan on going back to attending the local RE meet-ups here in Central FL beginning this June. Thank you for the feedback!

Quote from @Evan Polaski:

@Mona B. the job role can have a few titles: underwriting analyst or acquisitions analyst are most common.  

This role typically reports to a Director of Acquisitions, or similar that is out talking with brokers.  You are focused on putting numbers in models, refining models throughout due diligence, basic market research, typically through paid subscription services, and putting packages together.  Often this is a fairly entry level role, but in the several companies I have worked for, is a role with strong exposure for growth.  

I have seen people in this role grow into asset management, direct of acquisitions roles, and even into finance type roles.  

Extremely helpful advice! Definitely gives me professional title options when approaching investors, working on formulating partnerships, or connecting with other professionals in the industry. Thank you!

Quote from @Brock Mogensen:

Specializing in one part of the syndication process and partnering with others that lack that certain skill set is a great way to break into it!  That is what I did.  For me it was underwriting and then partnered with two other people that were strong in sales and operations.

Great point! Focusing on building partnerships with various strengths and how to choose partners is my next step, in addition to still being open to offering value to seasoned investors. 

Thank you for the reply @H. Jack Miller! Would greatly appreciate input from @Seth Engelbrecht 's or @Shawn McCormick 's experience :)

Hi! I’m hoping to receive some guidance on the following as it’s been difficult to figure out:

What would the role or title be of a person that completes preliminary analysis of multifamily / commercial properties (i.e.: completing “quick & dirty” & REFM analysis) and they want to present deals to an investor or investors – but they haven’t developed their own team (as a developing novice), have 2 years of experience in analyzing, and don’t have enough capital to contribute to a partnership or syndication (their only available capital is currently below $7k).

What role or title could that person have? How would you structure them into the deal if you decide to move forward with their lead – and how would you incorporate the compensation for such?? I’m not sure if this would still fall under a “finder’s fee,” as they’re doing more by completing an analysis.

Would appreciate any experience/guidance with handling the above. Thanks in advance!

Hi! This sounds great, but I'm interested to learn if the Boot Camp would help me close on my first multifamily if I'm looking for properties between 32 - 200 units? I've learned how to underwrite product, have leads; however, it's the negotiating process, and finding partnerships or qualifying for financing that's been the intimidating part. 

Thank you also to @Rick Martin, @Fiza Ah, @Justin Moy, @Justin Goodin, @Evan Polaski, & @Chris Levarek for the feedback thus far. I've been coming back to this post during the last few days & re-reading the replies to make sure I gain a clear understanding of how deals are structured & what would be expected. It's been extremely helpful, & I'm keeping the information you have all shared in the front of my mind as I've been analyzing leads. When I find a deal, I may seek your feedback on the numbers from my analysis :) .

@Taylor L. Thanks for the feedback! I had not considered the "JV strategy". I'm researching more into it while continuing to analyze leads.