All Forum Posts by: William Kyle Walker

Bumping this to see if someone has a suggestion. 

I'm similar, I've been just living on a tight budget and saving for a few years. I use mint to budget and I used Merril Edge app on my phone and invest directly into stocks. I had the TD Ameritrade app but that was to easy to day trade and I got burned a couple of times trading. So now I mostly hold SPY and "gamble" on some individual stocks. I usually never invest more than 5% of my net worth in one particular stock. Since the turn of 2019 I haven't bought anything new. So I'm sitting on cash that I've saved this year and it's doing nothing. I need to do something with it. I wish I would have when there was that big dip a couple of months ago, but Hindsight will drive you mad. I'm holding out until I find a good RE deal and then I will invest 40-70% of my NW into the deal. 

Hi BP, 

I have searched for a few weeks to find a VA that understands Equity VS Debt. I have a list of a few hundred companies that are involved in capital markets. I need someone to search the companies online and then fill in the spreadsheet if the company provides is a broker or direct investment company and provides equity, debt, both or some other service. If you have a good VA that understands capital markets and can spend about 40 hours to fill things in I would love the recommendation. For the introduction, I would be willing to share the final spreadsheet with you. It could be very valuable to you if are raising capital. The list comes from a high-level finance conference that costs about $1,000-$3,000 to attend.

Thanks @Tyler R. those are all great things to think about. We plan to do monthly calls, with photos updates. We do value add, so we think people like to watch the property transform and hear how that translates to increased NOI.

As you know hold time varies from deal do deal. But we will give a business plan expectation and let everyone know if we feel its time to have an exit and why. 

Yea most loan docks won't allow hard money, Our bridge loan won't even allow pref equity. 

Yea, shoot me a direct message and I can share it. We paid about $8k having it made by our marketing company. It's a nice deck. 

What's the area where the property is located doing? If it's up an coming and you can float the $22 a month. Hold until the market rises high enough. 

If the city and neighborhood are good, all buildings are cheap if your time horizon is out long enough. 

@Caleb Heimsoth Thanks for the feedback. Track record is important. Lately, everyone's is good so that's where your CoC threshold is an important metric. Lots of deals are trading with future rents priced in. But if the market turns or flattens it could bust the Business Plan and exit.

Wow an A- area with 725 rents, I need to move there haha. The loan size is too small for a small balance Freddy Loan. I would put together a presentation ASAP (I can share our deck if you want an example) and line up meetings with regional banks and potential LPs. Most regional banks here in ATL won't do 80/20 the will probably do 70%. 

Is the plan to hold for long term cash flow (11% CoC)? if not what are the sales comps/door?

@Taylor L. For us an ideal investor is a business owner or executive that can bring more than just a check to the deal.  Things like relationships, expertise outside of Real Estate. Hopefully, they have invested in a few deals before and if they are interested in real estate I would be happy to be an open resource. I love real estate and could talk all day about it.

@Scott Runyan that makes sense, one of the best ways to learn is by doing. Being the GP will teach you a lot. My recommendation is that you budget for paying expert advisors.  It's best to pay a little to have someone point out the landmines. 

@Alina Trigub thanks for your feedback. From your experience and time on BP, have you noticed if there are any passive investors here on BP? I would love to hear it from their perspectives.