All Forum Posts by: Stan Watkins

9 units with immediate upside. Terms structured with seller subordinate financing. Current occupancy 89%. Room to build, second phase. In this phase , 70k rehab budget, starting with facade and grounds, with a 4500 capex on units in their classic condition. Two vacant units other units addressed as they become vacant. Targeted tenancy Open source and Sect 8. Property has room to build 6 more units on lot.

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Lubbock, Texas

Hello

Opportunity knocks, seasoned or newbie looking to go multi family. 680 plus credit on this asset with room to build. ***Under Contract*** April 29th anticipated closing***

Earn and learn or just earn!!!

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Lubbock, Texas

Quote from @Bob Asad:

I have capital and looking to fund quick fix & flips to receive 12-15% interest + 100% of the capital back when you re-sell. Collateral would be the property.

Scenario:

-Let's say you find a property that's as-is value for $250k

-You negotiate with the seller for $175k (70% of as-is)

-I would fund it at 80% (so you also have some skin in the game; ex. $140k) with the expectation of 12-15% interest + the full 100% of the money back within 2-3 months

If you re-sell it for $240k, you would pay me the 12-15% interest ($17k-$21k) + $140k, and would keep the rest (in this example $64k-$71k)

If you cannot re-sell the property in-time, I would own the property (collateral) since I've financed it.

Looking for only experienced people (must have sold 20+ in the past 1-2 years doing this) who buy properties at discounts and re-sell quickly (2-3 months) without doing major rehabs, etc.

If interested, let me know.

Hello, have a deal under contract in Texas stabilized value add, please advise if if interest

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Hello

Any recommendations, looking for a GC for an apartment Complex?

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Lubbock, Texas

Hello All,

Looking for a "Pace" approved GC in or around the Cleveland Ohio area. This is for a commercial project!

Regards,

1 Vote

Columbus, Ohio

Hi Tyler

That land trust would protect buyer in case BK , that's the standardized strategy I would suppose. As I see it, the two areas to watch are a bankruptcy and due on sale clause.

2 Votes

Orlando, Florida

Congrats!

1 Vote

Orlando, Florida

Have a deal under contract being Repositioned to student housing. 115 beds at $650 a bed on 6.5 to 7 acres. Seller financing attached, seeking a equitable interest Partner to 10% .

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Hello

Any Sacramento CA attorney 's specializing in Sub to can you recommend, appreciate it!

Regards

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Hello

im looking for an insured and licensed contractor in Tuskegee Al. 54 units !

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Montgomery, Alabama

All Forum Posts by: Stan Watkins

Stan Watkins has started 2 posts and replied 10 times.

Post: *Under Contract" 9 units stabilized credit partner sought

Post: *Under Contract" 9 units stabilized credit partner sought

Post: I'll Fund (with Interest) Your Fix & Flip, Let Me Know

Post: General Contractors for Multi family

Post: GC referrals in Columbus OH

Post: SUBJECT TO Questions ORLANDO, FL

Post: I'm trying to buy an apartment complex without having millions

Post: I've got $500k in cash, how should I invest it?

Post: Subject-to support in California

Post: Looking For a license and insured Contractor