All Forum Posts by: Anthony Fontana

I am in the process of rehabbing a duplex in Covington, GA. I am looking for a good credit union or community bank to set up a cash out refinance with in Newton County, GA. Does anybody have any recommendations?

@Joseph Luce first of all, congrats on finding a deal with that much "meat on the bone". Securing 70k in equity is awesome.

I would be very suspicious if the seller did not disclose the leaks before your inspection. In my experience, we have tried to negotiate the repair costs for items not mentioned in the seller discloser.

As this is your first deal, you want to be confident that all of your repair costs are going to be covered by the 10-15k that you have allocated.

Good luck!

if you are looking for real, tangible negotiation advice you must read Pitch Anything by Oren Klaff.

The best that I've found, his strategies can be related to sales, negotiation, or general business conversation.

What have people found to be the best practices for finding mom-n-pop landlords that are "burnt out" or ready to sell? @Mauricio Ramos mentioned that he has had great success using direct mail marketing? Has anybody had success using other specific strategies?

Wanting to hear opinions surrounding the hypothesis that there will be HUGE opportunity in multifamily investing over the next 5-10 years as baby-boomers begin to sell their multifamily properties (specifically in the self-managed 10-40 unit buildings). 

Is this a reasonable thought? I am a year and a half out of college and currently own 2 single family rentals in Atlanta. I am looking to strategically move into the multifamily space as quickly as possible to take advantage of the large-scale baby-boomer disposition movement that is and will be taking place over the coming years. A hot topic on BP and similar podcasts is "taking over apartments from mom&pop and burnt out landlords", which aligns with the theories written about in Dave Lindahl's Multifamily Millions. 

Do we think that this movement is also creating an opportunity for seller-financing? I want to believe that lots of baby-boomers are tired of sell-management, but still want "mailbox money" every month in the form of interest.

Has anybody seen this theme recurring in their personal investments?

With all of this said, my goal is to get into multi-family property in the southeast by leveraging these theories. Let's connect if you have had experience re-positioning underutilized apartment buildings.

Atlanta Multi-Family investors, I currently own a few single family rentals around the Atlanta Metro area. A partner and I are looking to strategically move into multifamily properties in Georgia. We are not necessarily set on staying in Atlanta.

Does anybody have any experience in this space, in these markets? I have reached out to a few brokers and have been sent a TON of good deals with great earning potential.

Let's connect if you are in the space! I would love to make connections in the area and help each other in any way that we can. 

Anthony

Does anybody know if having a PM company manage your property mitigate risk for the owner (individual on the title)?

I am currently a live in landlord, but want to move out and rent full time to tenants. I am struggling with deciding whether or not to start an LLC and try to transfer the title (in an effort to protect my net worth and assets outside or RE) or go about this process a different way.

There does not seem to be any clear and concise information out there about LLC creation/transferring titles, most advice seems to direct investors toward speaking with a Lawyer.

I would love to hear how the community has tackled this challenge, protected their assets, and continued investing in real estate.

Thank you in advance.

Does anybody have any advice or words of wisdom on some of the strategies for purchasing property or holding property in an LLCs name? Is the best way to do this to transfer the title from your own personal name to an LLC? I know there is a lot of risk there, especially today when banks are getting tighter. Is there any way to make this happen with less risk?

Honestly just looking for best practices when investing with partners and mitigating risk for high net worth individuals. Seems that there is no golden rule, but anything or anybody's personal experience will help.

Thanks you again.

I am 23 years old and am looking at buying small multi-family (<4 units) with a silent partner who is a physician by day. He is worried and wants his personal assets protected when investing (he is a high net worth individual).

Does anybody have any suggestions how to structure an LLC for this type of business or deal in Georgia, or anywhere? I personally own one small condo that I am currently house-hacking and had no trouble receiving a loan or financing the property. My partner also has great credit.

Will we run into a lot of issues getting financing if we invest together, underneath an LLC?

Any advice or people to contact would be greatly appreciated!

Thanks in advance.