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15 contributions to Multifamily Strategy Community
Can't find seller second financing!!
Hey gang. I have an awesome Ohio deal with great terms but I'm struggling to find a lender who will allow a 40% seller second note... anyone have any ideas? Property is a SFH in Akron Ohio, 6 bed 2 baths, 6 tenants, 1.80+ DSCR, 24%+ COC, solid deal! Just need help with financing! Was hoping to do the Cody strategy (50% bank / 40% note / 10% equity). Help! lol
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MFS Shark Tank
We are going to start running investor pitches in the mentorship (starting in October). We will literally bring investors onto the call and grade your pitch. Pitches limited to 15 mintues. We will give feed back on your pitch and will actual investors on the call you can also legitimately put together partnership opportunities!
0 likes • 11d
I like this idea lol
LOI Attempt
Hey yall, can anyone give me pointers on my first LOI attempt. Is this ready to be sent out? The property address is (Addres), purchase price $(PRICE). Buyer is Joshua Nowell, address (HOME ADDRESS). I am offering my purchase price with the intention of putting 20% down at 10% interest only for 24 months, then refinancing to conventional. The earnest money deposit is $1,000, due after necessary documents are obtained. The 17-day feasibility period begins once all seller-requested documents are received. Buyer requests the rent roll, last 12 months P&L, property tax statements, insurance declarations page, all tenant leases, and capital improvement records. Closing will occur 60 days from receipt of all necessary seller documents, with an inspection contingency. Thank you
2 likes • Jul 25
Looks good to me Joshua, I think you could potentially raise your feasibility / inspection period but it's deal by deal. But if this is a great deal they could want to close faster. Just some thoughts.
Ohio 8 Unit / Under Contract / $280k / Need a partner :)
Property currently brings in $8,700 per month lol I'm looking for a partner to take it over. Open to assign the contract to someone or just do a normal JV, whatever works best. Quick numbers: • 8 units, 7444 Lake Ave, Elyria OH • Under contract: $280k (down from $350k after negotiations. I think they would go lower tbh, very motivated) • Day 1 as is, no changes: 15%+ CoC / 31% IRR Main issue: It's on a septic system, currently maintained by monthly pumping. Has been working the past 80 years but could fail any time. Replacement is $40k–$90k, and no public sewer is coming on that street. BUT even assuming an $80k replacement, it still holds 9% CoC! I negotiated the discount to cover it. Due dilligence is mostly done, sewer / permit research, contractor quotes, the works, and I'll hand over the whole file. Looking for $15k–25k to genuinely just give someone the deal, or a small equity piece if you'd rather just partner up, super flexible. DM me and I'll send the full package, or we can get on a call I'm not an agent or anything, I just got this deal under contract in my market and it's not *exactly* the deal to move me forward personally, but I hate to let it go to waste. Maybe one of the other mentees on here is interested in taking it down!
Ohio Cashflowing Deal - Seeking Partners 😎
Working through a 23 unit in Columbus Ohio metro. The property cashflows day 1 with a clear path to 8%+ COC. I submitted an LOI but sellers are vetting offers heavily and requiring buyers to have a certain amount of real estate owned already, that's my hangup... Anyone interested in working together on this deal, or know anyone with some doors that might be interested in partnering? Cheers! - DeAndre
Ohio Cashflowing Deal - Seeking Partners 😎
2 likes • May 11
We're super close! - Just need someone with their name on some real estate to make the sellers feel more comfortable going under contract : )
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Deon White
3
31 points to level up
@deon-white-7119
Clap Capital Co-Founder & Principal

Active 10d ago
Joined Jun 16, 2025
Ohio & Fort Lauderdale
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