All Forum Posts by: Tanya Maslach

Chris,
There is another part of your note that is not clear to me:

"If you go DSCR they will take lower..."

I am currently cleared (by another lender) for DSCR on the properties I'm proposing deals on... if that helps.

 Okay so clarify / summarize:
 I need to come to table with the cash ($107K, plus, when the cash refi happens later, the closing cash for that), and then the priv lender holds the loan on whatever the interest rate terms are set for....

Is that correct?

Hi all,

This is for either private lenders or investors who have experience financing their properties with private lender support.

I have a 3 specific deals I'm analyzing (Ohio) and would like to know if I'm looking at this the right way. Prop details and my questions are below. One of those deals we (my husband and I) are financing with a HELOC.

The other deal we want is below.

Property (1) Details: 
MF - 2 units.  3/1 per unit. Almost turnkey. Just cosmetic updates.
Less than 1 mile to major hospital in Columbus. (Hospital is spending $3.1 bil to build out infrastructure, and is currently purchasing houses in area to support staff requirements)
Days on Market: 112

a. List: $339
b. Offer: $310K
c. Down: 25% ($77,750)
d. Rehab/Updates Cost: $12K
e. Cash flow: $1121/month
f. Est ARV (on an MTR): $365,000
g. CoC: 14.8%
h. ROI: 19.8%

I'm interested in private lending financing this deal and wondered:

a. Are the following proposed terms out of the ordinary or am I thinking about this wrong? 
   
Down payment + primary home loan for 5%, on a 12 month term with no PPP? 
SO:   $77K down + holding the loan. 


OR

Our financial and management responsibility for this deal would be sweat + financial equity (prop mgmt, GC work on site, purchase and install all furnishings (for an MTR)).

Thank you for you feedback and guidance on this.

Tanya

Quote from @Donna Rundo:

Quick funding so you can move forward with confidence.
Flexible terms that fit your unique goals.
Financing for all kinds of property projects.

You don’t have to do it alone—let’s chat! Call me at 918-732-9848 or check out https://dolocapitalgroup.com/. Your next big win is closer than you think!

 Hello - I'd be interested in learning more.   I'm available today to discuss if you are open.  I'll send you a DM request.

 Love this Miguel.  Thank you.  Sent a DM.

Hi everyone,

I would love to learn from and connect with those of you who partner with corporate hq folks (regardless of the "corporate" buyer) and offer them an inventory, or even one product/asset,  for MTR/Corporate Housing. 

My goal is to build a business that serves corporate clients;
 construction and infrastructure development teams, 
 medical/education faculty,
 corporate relocation, 
 family emergency relocation services,  
sports travel/events,
corporate and industry

and I want to learn from those of you who are doing this successfully and are willing to share actionable ideas for how I can be successful in offering value to these groups.

Thank you!!
Tanya

Thanks so much @Scott Allen.    My sense is grand majority of MTR's are rented from tenants not in state or in the area for a showing anyway.  So I'll keep my current plan of photos and video as the  main source for "showings".  
Thanks for your input on this one.

@Katie Accashian  Thank you.
We're buying in OH now.  Nothing penciled out on our spreadsheet for buying and profitably running something in Denver at the moment.  Lots of opportunity in OH.

 Thank you both.

Hi all,
I can use software to conduct 95% of all property / tenant / cleaning  tasks, except...

for showing the property to interested tenants.
I don't know that this would be an issue, as I'll be doing MTRs and most folks may be out of town anyway.

But does anyone here have ideas or suggestions for how I should think about this?

Thank you.