All Forum Posts by: Michael A.

Hi All,

I do get random leads coming in from Bucks and Montgomery Counties on occasion. I would love to connect to learn more about what type of deals make sense for you. Please drop me a line! Thanks and happy hunting.

Mike

@Justin Windham

Thanks much. Yes definitely aware of the non rec requirements. So still navigating the best way to leverage or grow the funds in the face of limited funding options. Thanks for the input!

Hey All,

I am considering strategies to invest funds that are currently in a Solo 401k. Lets call it 25K for arguments sake. The funds are not quite enough to buy property outright in my market but they are enough for a moderate down payment on a 1-4 unit buy and hold property and possibly a small commercial unit but not quite enough to cover lender reserve requirements etc.

My goals are to:

Generate returns north of 20% annually

Double the investment within 3-5 years

Eventually deploy the capital to long term buy and hold multifamily units

Protect returns in a favorable tax environment

Some of my current ideas:

-wait and contribute more capital to purchase outright

-utilize non recourse lenders to leverage into a small residential multifamily

-buy a small sf in a lower cost market and resale with a markup using seller financing to create an interest bearing note that i can hold or sell to notebuyers

-invest as a lender/crowdfund investing to generate passive returns

I like the idea of protecting returns but now feel a bit hamstrung because of higher ltvs and wanting to keep these funds separate from my operating entity. Does any one have any other ideas or experiences/suggestions (conceptual or proven) on how to best grow this capital?

Any and all answers appreciated!

@Taryn Lewis Hi Taryn, it would be great to connect with you to find out what your buyers are looking for in Lehigh. Please connect with me and I hope we can work together on some deals. Good luck!

Hi Philip, 

I work in both Lehigh and Northampton Counties. I have a few different deals I am currently working on...would love to connect if you are still looking at opportunities. Thanks. 

Mike

Wow, thanks @Todd Olson  @Ryan Goldfarb

I had no idea of those accusations. Just goes to show how careful you have to be. Thanks for the guidance.  I will remove him from my short list as well!

Anastasia good luck with one of the alternate attorneys. I hope all goes smoothly!

Hi Anastasia, 

You can try Chris Goodson. He runs many investment seminars and knows his stuff.  7 Oak Place Suite 5 Montclair NJ 07042

Good luck!!

Hi Bethany, 

I have a great attorney that I have used for both purchase and sale in Buffalo. Feel free to message me if you would like his info and good luck on the deal!

Hey everybody!

This evening I talked with a motivated seller who has a strip of retail space in a suburb of NY (Peekskill, NY) with very decent cash flows.

Ice Cream Store- $2,100 BTCF

Diner - $3,600 BTCF

Grocery Store - Not currently rented and used by the owner to generate cash flow for himself. He runs the store but seller attests it could be rented for 5-6K.

Current mortgage - approx 700,000 with payments of $5,500.  The tenants pay water and electric.

I do not have experience with retail nor have I done any retail deals. I am looking for a mentor or someone who I could partner with on the deal.Can anyone point me in the right direction of anyone (whether mentor, attorney, broker, investor, etc) in the NY market that might be worth chatting with to navigate this deal and possibly partner with??

Does anyone have experience on how to evaluate a retail commercial deal. Should I go for a Master Lease agreement, 80/10/10 with 10% seller second, wholesale or something else??

I welcome any feedback in advance and would be glad to send over any particular details and to share updates as I speak with the seller further. Thanks!

-hoping to close first commercial deal...

Hi Patrick,

I have an attorney that I use in Buffalo to buy and sell. He may be able assist.Please message me if interested. Thanks