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Welcome to the Community! (Start Here)
Thank you for joining! First things first, please introduce yourself: Include what you're currently doing for work / school. Where you reside and a fun fact. What your goal for this community is (what do you hope to learn?) Looking forward to meeting you. -Nick Chapman
Introduction
Hi, my name is Edwin, I’m from Utah USA, and am private money lender. Please do follow me
LOAN OFFER
We're offering 100 % Financing for various needs, including Fix & Flip/Rehab, Buy & Hold Properties e.t.c at 7 % interest rate. Email me at Johnstrowman864@gmail.com
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JV Logistics/Timing on Small Multifamily Deal
I have an LOI out on a small multifamily deal and plan to bring in a JV partner for the equity (~$370k). We have full intent to close, and I’ve already told the broker something along the lines of: “I’m not the money — I have a few partners who write the check, and I handle everything else.” That said, my usual JV partner is tapped out right now. If I hear back that the seller is good with the LOI terms, I’ll start more aggressively lining up a new partner. For those who’ve done JVs before — how do you typically handle that process so you can stay transparent with the broker and seller while still giving them full confidence you’ll close? I’ve done a syndication before, which is a bit different since LPs don’t see the property, so lining up capital on the backend was cleaner. Am I overthinking this? Should I just continue through the process like a syndication and line up a JV during due diligence, or should I have one locked before executing the PSA/OTP? I’m not opposed to wholesaling the deal if needed, but it’s in a submarket where I already own and know the rents extremely well — so ideally, I’d like to close and add to my footprint. Any thoughts/guidance would be helpful here, thanks.
Properties Available!
Not sure if this is "kosher" or not, so if not, @Nick Chapman, let me know and I can take this down. If you're looking to add rental cash-flowing rental properties to your portfolio regardless of location, send me a DM or drop a note below. Currently have properties available in: - Arkansas: $30K - Oklahoma: $125K - South Carolina: $85K If you'd like to learn more or see if these would be good to add to your portfolio, let me know!
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