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P E T I T O Trying to gain or exert leverage over other potential owners interests in a property with the selective use of possibly a lien, restrictive easement, OR some other type of cloud that might force a seller to "hit the brakes". Not sure IF or HOW that can apply to this PETITO situation or where an entity OWNS and Controls the property Vs individual interests. Regardless seeking input and solutions to this dilemma ... P = Property An 18 Unit Multi Family Property located in Oregon The property is also subject to capped rent increases annually. 1 and 2 story units. no garages, 1.5 Spaces per tenant, includes laundry room Located in an urban area close to shops, grocery chains, restaurants, major transportation arteries & public transportation SOLD several years ago for $2,050,000 – needing updates and TLC Down payment - $450,000 Bank Loan Obtained $ 1,600,000 Current Loan Balance $1,450,000 The current Fannie Mae Multi Unit Bank Loan is FIXED at 6.77% and converts to an ARM in 2028, then matures in 2033. Current Loan Payment is $9,700.00 The Majority Member of the LLC formed to buy the property put up $350,000 + the updating and renovation costs. The Minority Members of the LLC put up $100,000 and have been managing the property (for Free) After the purchase the “partners” invested additional funds to clear out many of the units, remove the slow or non-paying tenants, and have now updated and renovated all but 2 of the total 18 units. The property is virtually turn key currently. The Property currently Brings in $25,000 GROSS Income and after Loan Debt Service, Taxes, Insurance and all expenses Currently cash flows between $6K to $8K per month. So it’s making $72K to $96K in NET annual income. The Intent was to improve the property, stabilize the occupancy, improve the cash flow, thereby improving the value and to THEN Sell the property and distribute the profits. E= Equity Current Market Value at this time in a weak market is around $2,000,000; Thus Using that Value there would be $550,000 or LESS of CURRENT Equity

Hey guys, this is Ryan McCreay. I’m a licensed PI and Curative operator and my awesome partner is a creative real estate agent and Curative operator Avery LaRue. We run a 7 figure Curative Title operation in Texas, starting Washintgton and California. We have successfully closed 3,000 plus Surplus Funds claims in 38 states and exited 22 curative deals to date. Highest curative net profit 241K and average is 64k with a five month average. We’ve been litigious for 5 years. We’re constantly learning and open to helping others get started whether it’s questions, partnering, or Curative lending. Feel free to reach out. 512-599-7576 Send Text https://messytitleswithryan.netlify.app/

Let’s keep our community connected. Topic: Entry Level Course DTG Prospector Preview Needs, Deals, & Wants. 1:30-2:30 PM PST

Good afternoon community, wondering if there is a reoccurring schedule for happy hour to get into?