All Forum Posts by: Antonio Lulli

Hey All,

I'm a reasonably experienced investor focusing on rentals. I am up to 14 units and follow the BRRR method (still mastering it), which I have used to varying success for 3 deals now. Despite the efficient use of capital in BRRR, I still find that I am not able to do as many deals as I would like.

It is now becoming apparent that the way to supercharge my growth is through JVs with money partners. I am currently reading Matt Faircloth's book on fundraising and am watching videos on the subject, but also would like to hear ideas of how people are structuring JV deals for BRRR/buy and holds.

For clarification, I would act as the deal provider/catalyst in this scenario, and have a partner that also finds deals for us. We can handle the rehab and operation/supervision of property management and everything else, meaning the money partner would be completely passive.

I am familiar with the typical structures at a surface level, so even further insight into standard structures is welcome, and any tips or insights are welcome. Hopefully other people can get value from this also! 

Not sure if this is the right forum for this question, let me know if there is a more suitable one.

Baltimore investors:

I recently stumbled on this initiative and found it to be very interesting. Is anyone familiar with it? What are your thoughts?

https://www.smallchange.com/projects/Come-Home-Zone

There are a bunch of great meetups around here, I suggest you look around on meetup.com!

Also depends what kind of style you are looking for. I love it in Huntington Beach, which is still safe and has good schools, but it is definitely a more beachy atmosphere.

My first move would be to attend the investor lunch at 2601 Wilkens Ave, Baltimore, MD 21223. It's easily the best way to familiarize yourself with the city and meet some of the best people in the business - and people are very friendly and welcoming. It's every Friday at noon.

@Keith Meyer never heard of someone mentioning water supply as a potential issue, but I think that's a fair point. Southern California is known for its droughts and water supply constraints. However with modern technology there are alternative ways of solving the issue including desalinization. Other cities with similar conditions and far fewer resources have managed to implement these technologies to solve water supply issues (including Lima, Peru where I'm originally from).

I have been using Nationwide, through Wellspring Insurance as broker. Nationwide can be a bit capricious. They have cancelled my insurance twice for minor issues but reinstated once the issues were addressed. Wellspring was really helpful in guiding me through it.

DM me if you would like their contact info.

Maybe my perspective is skewed from Baltimore's exorbitant rates, but the taxes seem awfully low for a 525k sale price - what is the property assessed at? Also, is this a reposition play or are you buying mostly turn key? What is the unit mix - 1BR/2BR/3BR etc.? 

I have never heard of a tenant wanting to pay several months up front. People typically want more money in their pockets not less.

I wouldn't forget about facebook housing groups. I myself have looked for places to rent through this medium.

Here is one of the popular ones: https://www.facebook.com/groups/1156157594441590/