All Forum Posts by: Annu Zer

We do venmo, cash app and regular checks, and renters have option to pay using either that works for them

Analysis paralysis, we have all been there. One way to get out, write down your investment strategy/policy. Also try to understand your risk tolerance.

And regardless of what you decide, know there is always risk, and if you need no risk advice for real estate investment, only one I know of is, investing in FDIC insured CD :-)

BRRR will be lot more work, if you are planning on doing this as your main job and also will be investing time like one, will make sense, but for starting out, and get some experience under the belt, maybe a regular rental will be simpler, probably not as much profit, but you will get a good handle of process.

Viral ad campaign, social media influencer. If not why not share more about your investments. Maybe because if you do and someone does buy into into, you need to get your referral fee.

I have looked at quite a few, and expense ratios/costs are way high, would rather do Index funds which are way low cost and less risks.

Also there is a reason many require you to be an accredited investor, which requires you to acknowledge there is now SEC security blanket involved(even if it is overseeing), and that you are on your own.

Kind of related, I have a stock tip to sell, I had 200% returns on it. Will be nice will share one now, buy APPL, will share rest when you PM me.

Too late to thread, but like they say in stock investing, you should have an investment policy/strategy. You need to do same for your RE investment. There is no free money, shortcuts for long term investment, instead of jumping heads first, make a strategy, plan that you will like to follow. There is tons of info on this forum that you can use, but there is going to be real work and time you need to spend to get anywhere, RE investing is not same as lottery, it is a lot more then quick bucks and luck.

You are on the right track. For books, use your local library, why spend money on books when you can borrow, infact this can be core guideline to follow for your RE investment as well :-)

Step 1 Create an LLC, make sure you are protected

@Ronald Rohde @Lucia Rushton, thanks a lot for replies. The lease is through next year, so atleast 1 more year.

The reason for texas, I am in Oregon, very tough to find something local, and happen to have family member in Texas, working with him on this, also no state tax means less complications come tax time for filing taxes.

Are their any resources to check economic/growth indicators for Southlake. With a city of 32000 I am also worried about vaccancy rates. I am not sure if there is a way to find this information?

Also @Lucia Rushton property unlisted, so did not want to share info as am not sure why the owner ha snot listed, but will like to keep it private as is their wish. But this listing is close https://www.loopnet.com/Listin...

Asking for advice from fellow members. I have couple of Single Family homes in Oregon, and have been looking into a Commercial property for a while. It just happens have an opportunity to get into one but in Southlake, Texas. Will be going in with a close friend, who lives there, but is new in real estate investing, but very diligent and working with a local rep.

The property he has shared is leased, cap rate of ~6%, with a net investment of around $1.8million. What I am trying to understand if the person is making this much money why would they be selling it, as even in stocks this is not going to be possible for a bit.

Also since it is first real opportunity, will also like to get some suggestions on what we can and should ask, so we can have some more relevant data to analyse and look into. We will be getting leasing information soon, the property has 3 offices and are all leased, it is not listed for sale, so the RE agent has direct access. The buildings are class A/B. So few questions:

1) Anyone familiar with Southlake, Texas area, any suggestions on growth, prospects for CE there?

2) Besides cap rate and leasing information, what else should we ask for from the seller?

What if tenant causes damage to property, gets hurt as it is not all updated & sues you or loses job and goes in default? Will have bandwidth to followup and pursue legal action. All this while not even accounting for regular landlord tasks like maintenance etc.
If someone is not able to qualify for loan today, things are not that better in future consider impact from covid19.
I personally would look into cutting off loses and move on. If you do end up with any gains, look into 1031 exchange.

Caleb, thanks for replying will connect with you

Originally posted by @George Despotopoulos:

@Todd Robertson others have given great responses. If you're not working with a lender that requires you to take the property as an individual, then it's probably better to invest through an LLC and of course have insurance on top of it. The LLC will provide you with asset protection. There are only limited situations in which the LLC can be pierced ("piercing the corporate veil"). It's not easy to do. So LLC + appropriate insurance is the way to go.

George, as a rough estimate, is it correct that insuring a property under llc costs more then doing it as personal/umbrella.

I could be wrong but talking to few agents, this is what I found out. I was given numbers ranging from 20 to 40% and even higher to insure a property under llc