All Forum Posts by: Andrew Fielder

We are self managing. It’s not a big building. 6 units. 

 No we have our own brokerage company. Just looking for a point of contact more than anything. ie. can post notices, check in on things, be our eyes and ears on the ground, etc.

The Real Estate DEN allows investors to grow in their personal and financial goals through real estate without the sales pitch. Each meeting will embody 3 key elements:

1) Deals: Successful real estate investors do lots of deals. The DEN connects new and seasoned real estate professionals with a variety of exceptional real estate opportunities. Bring your deals and be prepared to give a short introduction on what you're offering.

2) Education: Successful real estate investors are always learning. The DEN provides a platform for investors at any experience level to learn the best strategies from subject matter experts. Bring your note pads and pens because you're guaranteed to learn something new.

3) Networking: Successful real estate investors have massive networks. The DEN helps investors form new beneficial partnerships, joint ventures, profitable transactions and along the way you might just make some new friends. Bring your business cards and shake lots of hands, this is an opportunity to form new strategic alliances.

FORMAT:
1) Introductions: 10 min
2) Share Your Deal: 5 min
3) Topic of the Month: 15 min
4) Open Group Discussion: 30 min
5) Networking: 60 min

COST: FREE

VENUE:
FLDWRK/NEAT COFFEE
270 Baker St E, Costa Mesa, CA 92626

"Lit by wide open skylights, brushed with neutral earth tones, and decked with intentional detail, FLDWRK Costa Mesa falls somewhere between warehouse chic and simple elegance. Designed to limit distraction and encourage collaboration, we've curated this space to be a perfect fit for the young, motivated start up, the experienced CEO and everyone in between."

Hey guys, we're looking for someone who can help us out locally on a Multifamily property in Stockton. Recommendations would be greatly appreciated.

It would be light property management duties, ie. posting notices from time to time, taking photos here and there, as well as any general items that need to be done locally that would be time sensitive.

If anyone knows someone that's local that might be interested please get in touch.

@Brandon Hall I hear you but these are pretty low activity entities, simple situations and simple ownership structures. I actually approached my CPA who I used for last years tax returns, admittedly he doesn't specialize in the note space but understands it and does do a lot of tax prep for real estate investors. He quoted me less than $1,000 for all the entities and my personal tax return. For me the cost/benefit of the specialization in the note space isn't there yet. Perhaps as the complexity of my company continues to grow the benefit will be there.

The Real Estate DEN allows investors to grow in their personal and financial goals through real estate without the sales pitch. Each meeting will embody 3 key elements:

1) Deals: Successful real estate investors do lots of deals. The DEN connects new and seasoned real estate professionals with a variety of exceptional real estate opportunities. Bring your deals and be prepared to give a short introduction on what you're offering.

2) Education: Successful real estate investors are always learning. The DEN provides a platform for investors at any experience level to learn the best strategies from subject matter experts. Bring your note pads and pens because you're guaranteed to learn something new.

3) Networking: Successful real estate investors have massive networks. The DEN helps investors form new beneficial partnerships, joint ventures, profitable transactions and along the way you might just make some new friends. Bring your business cards and shake lots of hands, this is an opportunity to form new strategic alliances.

FORMAT:
1) Introductions: 10 min
2) Share Your Deal: 5 min
3) Topic of the Month: 15 min
4) Open Group Discussion: 30 min
5) Networking: 60 min

COST: FREE

VENUE:
FLDWRK/NEAT COFFEE
270 Baker St E, Costa Mesa, CA 92626
"Lit by wide open skylights, brushed with neutral earth tones, and decked with intentional detail, FLDWRK Costa Mesa falls somewhere between warehouse chic and simple elegance. Designed to limit distraction and encourage collaboration, we've curated this space to be a perfect fit for the young, motivated start up, the experienced CEO and everyone in between."

Hello everyone. I run a real estate investment company that focuses on investing in defaulted promissory notes secured by commercial and residential real estate nationwide. We also invest directly in fee simple real estate.

These projects vary in length. While we intend to hold on to as many projects as we can long term, from time to time there are some early exit opportunities that make sense for us.

We typically fund these deals with all equity through private placement with varying % interests of ownership and different investors and investor types (ie. IRA, personal, LLCs, corporations) on each project. Accordingly, we set up a pass through LLC on every acquisition.

For 2017 we have 6 entities that would require state and federal filings including K-1s for investors. In 2018 we expect another 8-10 additional entities to be added to the existing 6 entities.

I consulted with a CPA that specializes in this field. The fees were $1,500 for entities that hold only a loan and $2,000 for entities with fee simple real estate owned. This includes federal and one state filing. So 2017 we're looking at about $12,000 in tax prep and in 2018 we're looking at about $32,000 in tax prep. 

That pricing model doesn't seem scalable to me. I get that price includes CPA advisory but over time, as deals are similar to another, the advisory component becomes less valuable, as you already have the model in place. At the pace we're growing, why not just hire an accountant/CPA in house?

Is there a better pricing/compensation model that works for both a tax filer and a business with multiple LLCs that's scalable?

 http://meetu.ps/e/DKqmd/lmz52/f

Our page is meetup.com/realestateden

 Next Meetup is Jan 27th 9-11am. Same location.

**SPECIAL GUEST BRENT ENGSTROM - RESIDENTIAL REAL ESTATE DEVELOPER**

The Real Estate DEN allows investors to grow in their personal and financial goals through real estate without the sales pitch. Each meeting will embody 3 key elements:

1) Deals: Successful real estate investors do lots of deals. The DEN connects new and seasoned real estate professionals with a variety of exceptional real estate opportunities. Bring your deals and be prepared to give a short introduction on what you're offering.

2) Education: Successful real estate investors are always learning. The DEN provides a platform for investors at any experience level to learn the best strategies from subject matter experts. Bring your note pads and pens because you're guaranteed to learn something new.

3) Networking: Successful real estate investors have massive networks. The DEN helps investors form new beneficial partnerships, joint ventures, profitable transactions and along the way you might just make some new friends. Bring your business cards and shake lots of hands, this is an opportunity to form new strategic alliances.

FORMAT:
1) Introductions: 10 min
2) Share Your Deal: 5 min
3) Topic of the Month: 15 min
4) Open Group Discussion: 30 min
5) Networking: 60 min

COST: FREE

VENUE:
FLDWRK/NEAT COFFEE
270 Baker St E, Costa Mesa, CA 92626
"Lit by wide open skylights, brushed with neutral earth tones, and decked with intentional detail, FLDWRK Costa Mesa falls somewhere between warehouse chic and simple elegance. Designed to limit distraction and encourage collaboration, we've curated this space to be a perfect fit for the young, motivated start up, the experienced CEO and everyone in between."