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All Forum Posts by: Rebecca Salazar

Rebecca Salazar has started 6 posts and replied 41 times.

Post: Partnering on a great deal

Rebecca SalazarPosted
  • New to Real Estate
  • Maryland
  • Posts 42
  • Votes 19
Originally posted by @Ralph Galdorisi:

@Rebecca Salazar

Hi Rebecca congrats on deal and jumping in. I'm a private money lender and I prefer 1st position on the property. You said "a lot of work" that being said numbers are essential example purchase price, your equity, amount of repairs and how much you need to borrow, the current comps (in case work isn't finished i need to know how much I can sell for) the after repaired

Value. If you have another asset to pledge if equity on this deal isn't enough protection for private money loan as it would be in 2nd position behind bank. I currently lend at 14% interest only princie paid back upon sale, to a flipper he is able to work this high % into his sell price, not saying you have to pay that much. But anyone lending money will need reassurance especially that you don't have a proven Track record. Assuming all your cash flow projections make sense and rents pay for the debt then

Take all this info and process it be prepared for lenders asking questions have answers but keep moving forward if you believe in the deal!!!

Value value

Thank you so much for the info, I appreciate it! 

Post: Partnering on a great deal

Rebecca SalazarPosted
  • New to Real Estate
  • Maryland
  • Posts 42
  • Votes 19
Originally posted by @Patrick Soukup:

We are seeing 8-10% with 2 points on hard money (3-9 months), no prepayment penalty. As someone just starting out new, you may need to offer a little juicier rate than that. That's purely an investor only, no equity stake.

Offer a lesser percentage, but a percentage equity stake on any refinance or sale on the back end.

Go 50/50 partnership and they bring the cash you bring the deal.

Thank you for your input! I’m hoping to borrow money for the rehab costs as I have enough for down payment and reserves and once I cash out refi I can pay back with interest. Would the 8-10% apply in this scenario? 

Post: Partnering on a great deal

Rebecca SalazarPosted
  • New to Real Estate
  • Maryland
  • Posts 42
  • Votes 19
Originally posted by @Account Closed:

Put together a JV waterfall and see how much room you have to distribute profits.

Your investors, unless they are fools, are going to want to see how and when they will get their return and you can use that to show them. 

Thanks for the reply David! What is a JV waterfall? I'm familiar with the term JV as I have done them with wholesale deals. I was hoping in this scenario I could get a loan for rehab costs and when I cash out refi pay back with interest.

Post: Partnering on a great deal

Rebecca SalazarPosted
  • New to Real Estate
  • Maryland
  • Posts 42
  • Votes 19

Hey guys, I need some advice for how to approach a financial partner on a deal for a fourplex that has been presented to me. I need help with rehab costs for it, we'll be doing a lot of the work ourselves but after the down payment we'll have enough to have a comfortable reserves and I'm nervous this deal is going to go quick so I want to jump on it with a partner. We'll be living in one of the units and renting out the remaining 3 units. We'll be using the BRRR method after rehabbing.

What kind of interest in desirable in this scenario? What kind of things should I be doing to benefit a potential investor? What’s the best way to approach an investor with the opportunity? 

Thanks in advance!!! 

Post: Eastern Shore, MD | Let’s connect!!

Rebecca SalazarPosted
  • New to Real Estate
  • Maryland
  • Posts 42
  • Votes 19

@Alex Archer that would be awesome guys! My email is saaalazar@ yahoo.com shoot me over the zoom link and I’d be happy to join!

Post: Eastern Shore, MD | Let’s connect!!

Rebecca SalazarPosted
  • New to Real Estate
  • Maryland
  • Posts 42
  • Votes 19

@Ryan Webb Hey Ryan!! Thanks for hopping on! What are your goals? A friend and I want to start a meetup for eastern shore and annapolis locals soon! Maybe once things calm down a little. 

Post: Anyone in need of an assistant?

Rebecca SalazarPosted
  • New to Real Estate
  • Maryland
  • Posts 42
  • Votes 19
Originally posted by @Anthony Dadlani:

@Rebecca Salazar

Sorry to hear about the loss of work. We are real estate investors in a private fund that focus in the fix and flip area. There is always a need to search for deals. Bird-dogging is a good way to start in the business. Bird-dogging =Looking for deals that meet our criteria and putting them under contract. Unfortunately this would be a commission only type of gig.  but if it interests you please kindly schedule a call with our acquisitions manager Anjana.    Best of luck in all your endeavors.  

I’d like to put you in touch with our acquisition manager Anjana. She would be happy to discuss our buying criteria with you. Please use the following link to schedule a call at your convenience https://calendly.com/anjanadadlani 

Hey Anthony! Thanks so much for reaching out. Since this post I’ve been reached out to by multiple investors do to acquisitions and such and I’m about to do my first deal with a private lender. I’ve had great success with finding deals. 7 pending contract and 5-7 appointments with sellers next week. I’d be happy to help in any way I can! I’ll schedule a call with her.  

Thanks again! 
Rebecca 

Post: Who uses Carrot’s Advanced Marketer plan?

Rebecca SalazarPosted
  • New to Real Estate
  • Maryland
  • Posts 42
  • Votes 19

Hey BP fam, I’m considering starting a carrot Marketing account to funnel deals for my wholesaling biz. Anyone else use their full marketing program? What are the results? From the videos it seems like it’s the perfect tool. Is the cost more than, less than or equal to the mix of other systems/marketing used for finding deals? Especially for wholesaling. Let me know! Thanks in advance!

Post: Anyone in need of an assistant?

Rebecca SalazarPosted
  • New to Real Estate
  • Maryland
  • Posts 42
  • Votes 19

Hey, all! I've been seeing a LOT of remote jobs becoming available and have applied to literally any I can get my hands on but I thought it would be a good idea to reach out here as well. I lost my job due to covid and daycare shortage in my area. Turned out to be a blessing in disguise but I'm at a point now where I just want to dive into real estate in any way I can. I really don't want to get stuck back into a 9-5 I hate just because I'm desperate to get a steady income stream. I'm currently taking pre licensing courses to get my real estate license but I was hoping I could offer any administrative duties for a property management company, title processing company, RE investing business, etc. I'm so eager to learn as much as I can and really dive in head first. I'd even be happy to start on an intern basis to prove my worth to anyone willing to give me a chance.

Thanks for your time and I hope to connect!!

Post: Duplex House Hack with only $6500 out of pocket!!

Rebecca SalazarPosted
  • New to Real Estate
  • Maryland
  • Posts 42
  • Votes 19

Amazing job!! Love hearing these success stories! Working on securing a house hack myself and this gives me more motivation! I always tell people about house hacking and it baffles me why more people don’t take advantage!