All Forum Posts by: Zach Brooksher

Hi Ivan, I'd be interested in buying if they are still available. 

Hi,

I'm an agent representing an investor in a 400-500k purchase, which is a starter home market with good rents in our area of California. I've dialed in a great neighborhood for the investor to target, and established the relationships with a solid property manager and contractor. I figured out the numbers we're looking to find, and I'm sure I'll find a deal in the near future. 
My predicament is - I'm not doing anything I wouldn't ordinarily do for my clients as their Realtor offering value for an eventual buy side commission, so I'm trying to figure out what value I can bring that would warrant partnering with me with equity without me coming in with cash. I've heard many times on the podcast that you can still be involved in the deal if you don't contribute money by offering your time and your knowledge. I'm trying to figure out how I can pitch that to my investor when it seems like I'm just doing my job as his agent. I guess I could put my commission toward the deal, but ideally I'd like to do this without any of my own money in. I'm thinking I take on the role of project manager after the sale. 

The other question I have is the investor will not be financing, he'll pay cash. So, if I were to get equity, would we have to consider the fact that without his liquidity, there would be significantly less cash flow coming in every month since he owns it outright? How much equity would be fair in this kind of scenario? 25%? 50%?

I want to be prepared and very thoughtful about approaching him with this. Any thoughts? I appreciate you all! Thanks, - Zach

Thank you Brian! That is very helpful! 

Hi,

Rather than working with North American Savings Bank on a non-recourse loan and having to put down 30-40%, I would like to buy a property through my solo 401k trust using private money with a better LTV and finance some or all of the repairs.
Once the property is fixed up, I would do a cash out refinance into a NASB non-recourse loan and pay the private lender back. Is this a common strategy? Advisable strategy? Interested to know your thoughts. Kind of a retirement BRRRR.

Thanks! 

Thanks Kyle!! Much appreciated, I will keep these questions in mind down the road. This deal fizzled out.. couldn't make the numbers work with what the sellers were asking. 

View report

*This link comes directly from our calculators, based on information input by the member who posted.

Hi all,

How do you go about using the calculators for a private money flip? The Fix and Flip calculator doesn't take the loan cost into consideration, so I used the BRRRR calc, but would likely end up flipping it..

This might be my first deal. Interested to hear your thoughts.. 

Thanks Amanda! I've heard that's a great read, and I appreciate your advice. 

Hi all, 

My name is Zach, I live in California and after reading David Green’s book on Long Distance RE investing, I’ve identified a great market and I’m ready to start investing. I’m a full time Realtor, so I’m on a 1099. My commissions are not taxed, and while I intend to start paying quarterly taxes instead of waiting until tax season to pay the full sum like I did in 2017, I am behind on that this year. My question is - when you have taxes looming over your head, do you set that money aside for taxes, or do you invest it in a deal to make more? Kind of a mindset question, and maybe it all depends on your comfort level. I’m wondering if anyone else is comfortable investing the money instead of setting it aside. Thanks! Lot of great info here!