If you had the chance to work on a deal like La Primera, what part would excite you the most-creative financing, transforming the property, or building long-term cash flow? Let’s hear your thoughts!
CREATIVE FINANCING - It was the ability to negotiate directly and create a flexible, yet sexy terms for the seller. gave the seller some paper, caught him up on some rears and the interest rate was fire 🔥...it was a true win win for both seller and all investors in this deal for sure.... ALL WITHOUT BRINGING IN A BANK!!!! DID I SAY BANK?? 🤣🤣 These are the types of examples we need to always see and hear, I need to see and hear because I've been hunting around for multifamily properties, speaking with people, getting ideas of what kind of values these properties carry, Chris Cheff as a good example, yesterday when he educated us about how comps are set on as property done, by who and how?...etc., this keeps adding more fuel to my "ALREADY BURNING" fire on how a deal can be structured out, or even better yet, how to so much even start a conversation with a seller without losing the interest or momentum...love it !!! 💪
When do your investors get to go back? I’d love to direct renovations! I wish a different color scheme had been chosen since the gray trend is already on the way out. New cabinets might seem fresh but I’ll bet the 80s cabinets were better constructed and would last longer- they already made it 40 years! Well, It’s such a great property anyway and well managed.
Don't you have enough properties to have an experienced carpenter type all around talented guy and helper on staff to do the rehabs in house? Likely done well under 10 grand each with you in control of labor, we always did it that way.
These titles man. I respect pace but this click bait. No money down but dude said he paid millions first from a investment fund. A little frustrating cuz I'm really in this situation.
You can be zero dollars into a deal and let your investors cover the costs of the down payment. Therefore, we are zero dollars out of pocket for the way we structured the deal. Both can be true at the same time brother. What situation are you in? Anyway I can help you out?
If you had the chance to work on a deal like La Primera, what part would excite you the most-creative financing, transforming the property, or building long-term cash flow? Let’s hear your thoughts!
Uplifting the neighborhood by renovating, creating beautiful affordable housing.
CREATIVE FINANCING - It was the ability to negotiate directly and create a flexible, yet sexy terms for the seller. gave the seller some paper, caught him up on some rears and the interest rate was fire 🔥...it was a true win win for both seller and all investors in this deal for sure.... ALL WITHOUT BRINGING IN A BANK!!!! DID I SAY BANK?? 🤣🤣 These are the types of examples we need to always see and hear, I need to see and hear because I've been hunting around for multifamily properties, speaking with people, getting ideas of what kind of values these properties carry, Chris Cheff as a good example, yesterday when he educated us about how comps are set on as property done, by who and how?...etc., this keeps adding more fuel to my "ALREADY BURNING" fire on how a deal can be structured out, or even better yet, how to so much even start a conversation with a seller without losing the interest or momentum...love it !!! 💪
Is actually finding someone who is experienced and can teach me how to do these deals. I live in Canada. I've been trying to find people.
The Cash Flow! This is dope.
All of the above plus doing all the things and watching the project run 😍
I love it. Thank you for the training and encouragement to succeed.
Ryan, thank you for sharing many details that are going to keep helping in the negotiations. Great job, and Pace, thank you for sharing!
Thank you Luis!
When do your investors get to go back? I’d love to direct renovations! I wish a different color scheme had been chosen since the gray trend is already on the way out. New cabinets might seem fresh but I’ll bet the 80s cabinets were better constructed and would last longer- they already made it 40 years! Well, It’s such a great property anyway and well managed.
Id say in about 3 months!
We just hung out all day on the 16th of December and had a few hundred people go!
Don't you have enough properties to have an experienced carpenter type all around talented guy and helper on staff to do the rehabs in house? Likely done well under 10 grand each with you in control of labor, we always did it that way.
Hi Pace. I'm in Canada. Is there any person you know in Canada that could be my mentor? I heard a name, Reiley?
These titles man. I respect pace but this click bait. No money down but dude said he paid millions first from a investment fund. A little frustrating cuz I'm really in this situation.
You can be zero dollars into a deal and let your investors cover the costs of the down payment.
Therefore, we are zero dollars out of pocket for the way we structured the deal.
Both can be true at the same time brother.
What situation are you in? Anyway I can help you out?