All Forum Posts by: Wyatt Wolff

You could get an idea of a rough cost of capital from a broker, but until you have an actual plan in hand (one for rehab, including scope of work, cost, etc, and one for teardown and rebuild, also including the above) you will not be able to get an actual answer if they will lend on it or rates/terms. My suggestion would be get both of those plans drawn up and figure out which one you would prefer to go with. Shop that, and then if it doesn't work and you HAVE to do something with the property, fall back on your other plan. 

Hey John, we can.  I will shoot you a PM 

Fredericksburg is a good market, at least for larger warehouse spaces. I am not certain about smaller ones 

Welcome! A little out of my neck of the woods but Ill have some property out there one day! 

I love this. Construction nerd. Following! 

Rates are very dependent, but like Jeff said above, you can always request seller credit to buy the rate down, or you can buy it down yourself. What do you want the rate to be? 

An attorney should be able to help, I know a guy Ill give him a call and shoot you an email! 

Learn something new every day. Good info fellas! 

Liens are cheap, not a bad idea 

Break even meaning not taking anything out of your pocket. So if PITI is covered, and you put a little bit (15% or so) back for CapEx, and have 0$ left over in cashflow, that would be break even. The property pays for everything, but does not pay you.