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All Forum Posts by: Alina Trigub

Alina Trigub has started 105 posts and replied 3007 times.

Post: New Jersey Agent experienced in multifamily investing

Alina TrigubPosted
  • Rental Property Investor
  • Glen Rock, NJ
  • Posts 3,139
  • Votes 2,094

Perhpaps @Jonathan Greene can help you.

Post: On-site handyman covering multiple buildings

Alina TrigubPosted
  • Rental Property Investor
  • Glen Rock, NJ
  • Posts 3,139
  • Votes 2,094

@Account Closed

There's a limit as to what a handyman can do, certain jobs will require professional plumbers, electricians, flooring guys, etc... So technically yes, one handyman can handle 94 units. Now, another question comes to mind: how old are the properties and how much of deferred maintenance do they have?! Depending on the latter really you will be able to deduce how realistic is this setup. 

My best!

Post: Raising money (I need help)

Alina TrigubPosted
  • Rental Property Investor
  • Glen Rock, NJ
  • Posts 3,139
  • Votes 2,094

@Alex Jamael

Working with investors is a relationship business, so take your time to build these relationships (ideally way ahead before you need the money), show your track record, your credibility, references, and of course offer to help them make some money on the side. To reiterate this is a long term process, so you'll have to be patient with it.

Here's an article to give you additional guidance:



https://www.biggerpockets.com/member-blogs/10850/84894-where-can-i-find-investors

Post: Creative Ways to Raising Capital?

Alina TrigubPosted
  • Rental Property Investor
  • Glen Rock, NJ
  • Posts 3,139
  • Votes 2,094

@Karthik Ramachandran

Wholesale your deal, and then some to generate enough cash so that when you have your next $7M you can buy it yourself. 

Post: Limited Partnerships - Exit of one partner

Alina TrigubPosted
  • Rental Property Investor
  • Glen Rock, NJ
  • Posts 3,139
  • Votes 2,094
Chris,
My pleasure to help1
TIC (Tenancy In Common) is a type of business structure where the investment is co-owned by a several partners as if each owns a separate piece of investment that can be bought or sold on its own. Again, run it by your attorney.

Here's a more specific definitoon:
https://www.investopedia.com/terms/t/tenancy_in_common.asp

 

Originally posted by @Chris Vance:

Hi @Alina Trigub

Thanks for the reply. We are in the process of laying this all out with an attorney. You mentioned setting up a Tip; what is this?

Post: Limited Partnerships - Exit of one partner

Alina TrigubPosted
  • Rental Property Investor
  • Glen Rock, NJ
  • Posts 3,139
  • Votes 2,094

@Chris Vance

This is a great question to discuss at length with your attorney. Make sure to select someone who's thorough and has experience writing the detailed clauses to cover any potential scenarios. 

You might also want to look into setting up a TIC, but again - your attorney would be the best person to advise on that.

Don't jump into multiple deals, start with one and see how it goes. 

Best of luck!

Post: What's on your Book List?

Alina TrigubPosted
  • Rental Property Investor
  • Glen Rock, NJ
  • Posts 3,139
  • Votes 2,094

@Erin Dorsey Robinson

I have the whole library of books. Feel free to PM if interested as we are not allowed to post here.

Post: New to real estate investing, any advice?

Alina TrigubPosted
  • Rental Property Investor
  • Glen Rock, NJ
  • Posts 3,139
  • Votes 2,094

@Trey Rittenhouse

Congrats on deciding to start investing so early in life! You're in a great place to learn while you earn (aka save money for investing). Read up as much as possible and network with other RE investors. 

Here's a guide that will help you navigate in the right direction.

https://www.biggerpockets.com/member-blogs/10850/86621-six-steps-approach-to-getting-started-in-real-estate

Post: Networking as an introvert

Alina TrigubPosted
  • Rental Property Investor
  • Glen Rock, NJ
  • Posts 3,139
  • Votes 2,094

@Al-Qumar Atkins

I second what @Chris Jackson said about being an introvert: use that to your advantage! You are actually in a better position that many extroverts, so don't ever forget that. 

Also, a lot comes down to personal development. There're a few things you can do on this front: books, podcasts, mental exercises and  in general to start pushing yourself beyond your comfort zone.

Here's also a post that should give you additional guidance: 

https://www.biggerpockets.com/member-blogs/10850/85351-nothing-will-work-until-you-do-maya-angelou

Reach out if you have questions. 

Best of luck!



Post: How to find a great multi-family property manager

Alina TrigubPosted
  • Rental Property Investor
  • Glen Rock, NJ
  • Posts 3,139
  • Votes 2,094

@Steve Chan

Call the local investors and the service providers (lawn mowers, insurance agents, brokers, etc...) in the area and ask for their recommendations of property management company.