Funding Your Real Estate Deals

Funding Your Real Estate Deals

 

Our workshop series covers the 5 F’s of Residential Redevelopment: Finding, Feasibility, Funding, Fixing, and Flipping. In our upcoming workshop we will be focusing on FUNDING.

Some highlights include:

  • The 3 most important things an Equity Partner looks for.
  • Hard Money Loans: How to get them and how to make them work for you.
  • Private Lenders and Trust Deeds
  • Leverage: When it helps & when it hurts.
  • How to determine what souce of funding is right for you.

 

We are hosting this event at our Ciera Project, located in the prestigious Heritage Community in Poway. We we will use the Ciera Project as a case study for applying the various funding methods in relation to high-end ‘flipping’. For more information on the Ciera Project visit our WEBSITE.

 

Visit EVENTBRITE to register!
Thanks to our sponsor

 

I like to get our name out there.


Thanks




For the most updated information & news on real estate & Gabhart Investments go to our facebook & twitter pages

ps. click here to like us on facebook

 & Here to follow us on twitter

 

Our Real Estate Goals for 2012

We are big on setting and achieving goals so we’d like to share our 4 main goals for 2012:

1) We will exceed the return expectations and needs of our investor partners.

Thus far, 3 of our funds have been completed. We are pleased to report that our investors received the following average IRR on their capital:

Fund 1 – 24%
Fund 2 – 26%
Fund 3 – has only one property (rincon) remaining in escrow to sell in early March and we are projecting a 22% average investor IRR for that fund.
Fund 4 – 33%
Fund 5 – has two properties left, linwood which went into escrow the first day on market and they both look solid. This may be our best fund to date.
Fund 6 – We have purchased a $510,000 property on a golf course with minimum work & a condo so far with a few more in the pipe.

2) We will purchase 30 properties and 20 sales in our single family funds

while continuing to maintain a conservative selection process and high profit margins. We have increased our manpower here in the office by hiring Max Frank for accounting support and Tamara Peterson for administrative and project support. We have the team and resources to expand on our current model and start exploring new opportunities within our residential niche.

  • 4 Properties in the first quarter
  • 6 properties in the second quarter
  • 8 properties in the third quarter
  • 12 properties in the third quarter

3) We will diversify our funds with some higher-end homes.

With the success ($140k profit in one month) of the Via Divertirse project, a 4,000 sf home in San Clemente, we have started exploring opportunities in the higher-end $600k+ markets within the jumbo loan limits. We are seeing some price compression and much fewer competitors chasing deals in that market. More of our time could be spent on fewer projects with higher profit margins.

4) We will open a separate fund to buy and hold property.

Returns have been good, but our investors have expressed interest in the returns and capital gain tax advantages of buying and holding property. Values are firming up in San Diego and the availability of longer term private financing for stabilized rentals has prompted us to open a fund to capture returns from rental cash flow and longer term appreciation.
Here is a couple of links to our most recent posts on goal setting taken from our workshop “goal setting & business planning”

Goal Setting & Modeling others

Goal Setting

Here is a great video from Brian Tracy on goal setting. If you’ve never heard of him, you should strongly consider hearing what he has to say. He is a great teacher and motivator and has inspired me for years.

For the most updated information & news on real estate & Gabhart Investments go to our Facebook & twitter pages

 

Please click here to like us on Facebook

& here to follow us on twitter

planning for the FUTURE of your business

planning for the FUTURE of your business

Our workshop series covers the 5 F’s of Residential Redevelopment: Finding, Feasibility, Funding, Fixing, and Flipping. None of which would be possible without the “6th F” (we had to use an “F”): planning for the FUTURE of your business. Having a successful real estate business starts with knowing what you want to accomplish and then creating a plan you can execute.

With the new year upon us, it’s a great time to step back and evaluate your Real Estate business and set some measurable goals for 2012. In this workshop we’ll share with you our plans and goals for 2012 as well as the process we’ve used to develop our plan.

 

Some highlights include:

  • Developing a business plan for yourself and to give to investors and lenders.
  • Setting, tracking, and measuring goals.

Space is limited, so visit EVENTBRITE to sign up & reserve your spot!

 

Thank you Trilion Capital for sponsoring this event.

 

 

For the most updated information & news on real estate & Gabhart Investments go to our Facebook & twitter pages

 

Please click here to like us on Facebook

& Here to follow us on twitter

 

Part 2 of 3: Utilizing Virtual Teams to Grow Your Real Estate Business

Part 2 of 3: Utilizing Virtual Teams to Grow Your Real Estate Business

In part 1 of this series I explained the many benefits of hiring virtual teams. In part 2, I will discuss where to find the right people for your virtual teams.

There are several quality online vendor marketplaces that can help you find the right person, not only for your assistant needs, but for any work you need that doesn’t need to be done in person. A few of these include ODESK.com, Guru.com, and ELance.com. ODESK has some key features that I feel help it stand out from the others. The vendor signs in when beginning work for you, ODESK then takes screen shots every 30 seconds. You are then able to check and see what work they were doing and how long it took to get each project done. This provides accountability for the work they’re doing and allows you to confirm you’re getting what you pay for.

You can go to these sites yourself and search for a vendor to get the work done or post a job and have vendors post bids for the work. You also have the option of going through a hiring company. When going through a company you send them an application for your company. They will find applicants, narrow down 2-3 for you to interview, and then hire them for you. Some of these companies also have offices where the VAs work from, allowing them to assist you in managing your virtual team. You can learn more about this option by checking out supportsave.com or myoutdesk.com. Myoutdesk.com specializes in virtual real estate assistants.

It is often assumed that virtual team members are always working from out of country. However, this isn’t always the case. You have the ability to hire someone from your local community, within the state, out of state, or out of country. When determining whether to hire locally or abroad, there are a few things to consider. When hiring locally, you have the ability to meet with your virtual team member face to face and you are able to have them come to the office if needed. Depending on the kind of work needed, this can be a strong incentive to work with someone locally. A potential downside to hiring locally is that the cost may be higher than hiring someone out of area.

A benefit of hiring out of country can be the cost savings since foreign labor is generally less expensive. However, there are some challenges that need to be considered. Firstly, there can sometimes be language barriers to contend with. While the majority of out of country virtual assistants are English proficient, there can still be language issues that can come into play. Another challenge can be the time zone differences. You may be just getting into the office while your VA is getting ready to be done with their day. Although, this has the potential to be a benefit if you have 24 hour staffing needs.

Once you have narrowed down you search, there several tests you can use to help narrow your search ever further. Typing, Word, and Excel tests can be extremely helpful in determining the skill level of your potential virtual employees. You can click here to access links to several different tests I use when hiring my VA.

After you have found the right VA members, providing them with the right training and resources can help eliminate many of the challenges of working with people remotely. In Part 3 will we cover the many tools available to help you effectively equip your virtual team and streamline the work process.

You can read the rest of this series by visiting  PART 1  and  PART 3.

For the most updated information & news on real estate & Gabhart Investments go to our Facebook & twitter pages

 

Please click here to like us on Facebook

& here to follow us on twitter

 

Esparta Fix and Flip workshop

Esparta Fix and Flip workshop

We invite you to join us for a free workshop at our newest completed project!

Saturday October 29th from 9am-11am at 9759 Esparta Ct.  Santee, CA 92071

Our workshop series covers the 5 F’s of Residential Redevelopment: Finding, Feasibility, Funding, Fixing, and Flipping.

In this workshop we will primarily focus on what many consider to be the most challenging: Fixing!

 

 

 

 

 

 

Some highlights include:

  • Our scope of work & budget and how it changed during the project.
  • Challenges we encountered during construction.
  • Permitting a garage and bedroom/bath additions with the city.

 Space is limited, so SIGN UP HERE to reserve your spot!

All those in attendence will recieve a copy of our initial walkthrough packet which can be used to estimate construction costs on your projects.

Light refreshments will be served.

 

For the most updated information & news on real estate & Gabhart Investments go to our facebook & twitter pages

ps. click here to like us on facebook

 & Here to follow us on twitter