All Forum Posts by: Alexa Martinelli

What if the syndicators weren't using a loan? Like if 4 people chipped in $200k to buy an $800k property?

@Joel Owens Great information. I understand what you mean. 

Would the same rules of net worth/liquidity apply to when investors do a syndication? If no loans were involved?

I was reading about that 10% liquid after down payment, too.

Would your personal mortgage be included in your net worth value? 

Hey all,

I'm currently reading a book called "Commercial Mortgages 101" by Michael Reinhard. I was just reading a section about what the buyer's net worth should be to qualify for a commercial mortgage. 

From my understanding, the book is saying the buyer should have at least 50% worth of the loan amount in their net worth to qualify for the loan.

So is that to say:

If you were going to buy a multiplex worth $800k, and you were placing $200k down for a $600k commercial loan, would they require you to still have at least $300k in cash (50% of the loan amount) laying around to get that loan?

-a newbie still learning

@Quinyana Mosley I’d love to connect! I'm basically in the same boat, just waiting till I'm done with school to have the funds to start.

Really enjoyed the podcast!

@John Warren Thanks for the reply! I understand you would take the distribution, but is that taxed like a normal paycheck from your job would be? And would the bracket depend on your professional income or since its from a real estate LLC would it be a different rate?

Hey guys, I'm still in my "learning about real estate" stage. I just got Amanda Han's book on tax deductions. My question is, how do investors realize that $200/mo cash flow from a property? Obviously it would be going into the LLC bank account, but I'm wondering in terms of the correct tax way to do it. Do you just take the money out month by month and pay taxes on it at the end of the year? And if you had a big portfolio with a bunch of depreciation, travel receipts, etc how would you realize that? Would your tax return the next year give you like 38% back (assuming a 38% bracket)?

@Stevie Delacruz I don't know if this has been mentioned yet, but what about graduate students who can't make an income and have debt? I'm guessing there's not much opportunity there?

I would also like to hear others' thoughts on this!