All Forum Posts by: Catherine Decker

Hi BP Community,

Looking for some sage advice on how to best structure a partnership for a deal I am working on right now. Have been looking for answers to this question in the forum, but nothing quite fits.

I am partnering with one other party. We are both putting in 50% of the cash for the down payment. I am doing all of the project management, though - so I am looking for some advice about how to best structure how much each one of us gets given the amount of time and effort.

Also, in terms of the rehab funds - I thought we should each contribute to an account that is dedicated to the rehab of the house (or get a HML, if possible) and just draw down that account for the rehab and holding costs.

Thank you in advance for any and all suggestions.

@DG A. - Look like you have a lot of resources that were offered here. I didn't see anyone mention that if a tenant is over 60, in Oakland, you pretty much can't evict them for anything. Double check, but that's a concern of mine as I consider investing here. (Oakland/ Berkeley)

Same 4-plex as mentioned above in Adams Point is listed for 1,395,000 and rent roll is approx 82,000 annually. Converted SFH.

4-plex for sale in 94610 SFH built in 1907 also. maybe that helps.

Hey Wes! I live in Oakland, but am definitely focusing on Sacramento Metro right now. I also saw you recommended @Tim Kunz and I have sent him a note. I need a contractor in Sacramento - this project is a historical home - so it's out of the ordinary, but definitely an adventure!

That's an intriguing post, James. Are you interested in funding a deal in California? Please send me a message if you have any interest and what you would like to know in order to establish your interest.

All the best,

Catherine

Hi there BP Community,

I am switching my business accounts from Wells Fargo and am searching for some smaller local banks/credit unions that would be real estate investor friendly. Too much to ask??

Ideally the "new" bank has branches in the East Bay and Sacramento.

Your suggestions are greatly appreciated.

Thank you! That was incredibly helpful.

Hi BP Community!

I have a property under contract in Sacramento, CA A really lovely Victorian house that has been sorely neglected. It's beauty and it's solid, but it needs some great cosmetic TLC.

I am needing recommendations for contractors/handy people who like to rehab houses like this and respect the integrity of the architecture and the materials used in them. Think "Rehab Addict" (which I have just discovered and can't get enough of...)

Any recommendations would be greatly appreciated. Public or private message.

Thanks to all in advance and I am hoping to share a great success story.

Cheers,

Catherine

 Thank you! So, how does one set it up? I would love a step-by-step process for this. The explanations all provide a piece of the information, but not everything. Any suggestions?