All Forum Posts by: Tony Blaine

Hi Ming, I really believe that in my experience, you must stay consistent with your investment strategy and let the investors know what you bring to the table.  As you connect with them, it's all about communication and finding out what your investors are looking for. 

Each investment deal is unique and may provide an opportunity for a different investor structure then others. So it's hard to say which is the best partnership. If you need to modify your structures to get the right deal done, it's most likely worth doing rather then to lose out on the deal. As long as both agree and it helps achieve the goals of both sides, it's good to find out what your investors want and run the numbers to see if it works.

Just my personal opinion. Would love to know what other bright minds in this BP community think.

Robert, I wanted to add to the other helpful replies...

Make sure that you commit to YOUR way instead of having deals dictate what you do in which cases can confuse you and cause you to make bad decisions. Find a strategy that you love, educate yourself on it consistently, and surround yourself with people who are already doing it. The most important thing is being the best student possible, always be willing to learn as it looks like you are, otherwise you wouldn't be posting here asking for advice :-)

With that said, when you know WHO you are as an investor, and know EXACTLY what you're looking for, it'll be much easier to evaluate and take action on which direction to go.  

If your wife knows in advance what KIND of deals you're looking for, I can bet it'll make it much easier to work with her on your decisions. She will also have valuable insight to help you at that point cause she knows exactly the investment blueprint of commitment. 

I've been with my wife now for 20 years, and I'll be the first to admit, women have things that men don't in certain areas and as much as some don't want to admit it, a lot of times they're right when it comes to decision making for anything that affects the family.

Good luck on finding you're next property Robert, I believe you'll make it happen.

 If it's above 50 units, please send it my way. Always looking for great deals and thanks in advance for your time.

Congrats to all who upgrade to PRO. Making the decision to a higher commitment is always a good sign of where you're going. More knowledge and inspired action based on the knowledge here on BP is a winning combination. Great to be a part of such a great community of DOers.

 That makes a lot of sense. Thanks for your helpful input Tom. 

In this case, getting bank statements from say 5 investors for purpose of POF for a $5mill comm deal is not uncommon if requested by broker/seller?

What if it's 75% LTV with 25% down coming from investors?

Hello BP Team, i wanted to get your opinions on the best way to provide proof of funds to a seller and their broker when you are using private investor funds and hard money to purchase a Commercial property.

For example,  funds aren't necessarily in my personal bank account but instead the funds coming from different investors. 

I'm aware of the LOI, but when POF is required with it, what has been your best way to present it with the LOI when funds will be coming from a number of different investors.

Thanks for any and all feedback in advance. 

Hi Michelle, I use the Opportunity Evaluator by J. Scott Scheel. It uses Excel format and does all the calculating for you from current to projected financials for presenting them to your network of investors,etc. 

I've used this for the last few years and haven't needed anything else. I'm open to also knowing what other people use. 

Very inspiring post Brian. You give great value to the community and I thank you greatly for that.

Just want to share a few things along the line of Brian's initial post...

As a big believer in getting what you attract in life,  in my experience, you'll cross paths with people you truly need along the way to your goals. It seems crazy that as a bartender by trade, when I chose a while back to focus on MF investments, it seemed that more and more I heard people talking about investing in commercial properties. 

I started to expand my resources of people with a lot of money and the same interests in MF specifically. I'm now in the process of getting financial commitments by sending them sample packages of my deals as Brian mentioned earlier in this thread.

It really helps a lot with building trust and credibility when you can show that you know what direction you're going and have build up a credible team. I've met with Prop managers, attorneys, Brokers, etc...and getting them familiar with what I'm doing. Some will relate more with what you do then others and it's good to get them ready to roll before the tide comes in. As the investor, I feel better as well and more confident knowing I have a solid experienced team behind me to help in the journey of the transaction(s).

We cross paths with people everyday. Most people we just let pass by...but if you are truly dedicated to your ultimate "WHY", you will meet and start to expand on valuable contacts you never thought possible. It's happening to me almost daily now. Just wanted to share.

Don't doubt your ability to get deals done. It has nothing to do with looks, past failures, or your current bank account. The only thing it has to do with is "YOU". Your mindset is the most powerful asset you have. It can make any dream a reality.  

"Where attention goes, energy flows and results show." - T. Harv Ecker