All Forum Posts by: Dave B.

Yes Sounds good please DM me? Thanks!

I recently moved from Austin to Houston and re-starting my investing here. Seeking reputable, honest bird dogs, wholesalers and investor agents to build my deal pipeline for below-market small SFR deals in downtown MedCenter AND Woodlands/Shenandoah/Conroe MedCenter areas for BRRRRing with MTR's, so if HOA must be okay w/30+ day rentals (not STR). Ready to pay top dollar for top talents with good integrity.

Thanks!

Quote from @Mak K.:

I am from Texas and am having hard time finding the right way to purchase real estate rentals (SFH). I have tried doing TX LLC which is owned by WY LLC. This allows to stay annoymous. The only issue comes is now I have to maintain two LLC structure, their annual fillings etc.

I buy in Cash with no mortgage so I do-not have to worry about banks etc

What are my other options for TEXAS? Anybody having creative ways? How do you structure your purchases?

I set up an anonymous LLC in New Mexico. Texas requires the name of the LLC owner to be public, NM does not. So I made my NM LLC the owner of my TX LLC. Google Anonymous NM LLc and there’s a company that will become apparently dominant, I forgot the name of the company I used to do it all. Just know you’ll have to file franchise taxes in both states. 

Thanks so much for those tips, Elliot. Very helpful.

Thanks so much for those tips, Elliot. Very helpful.

Thanks very much Bill. That definitely does help with your perspective. And it makes more sense. 

Thanks Bryan… I’m very new to this forum (literally Day 1) and posted in “Introductions” because I thought it the best place. I’m not yet familiar with the practices adopted by the group or how best to use it. Forgive me if I thought this the best place and time to ask my question. 

Hi all, glad to be here. I have one rental property and just getting into RE investing, and after evaluating several various niches, I'm really drawn to the BRRR method.

Question: How can one (really) quit their day job quickly with BRRR?

Context: My immediate goal is to be able to quit my day job, and be able to live off of at least semi-passive investment+rental income.

BRRR seems focused on net worth, which I understand for long term wealth. But net worth doesn't food on the table, or let me quit my day job…income does.

If I’m only net-netting +$250/month in cash flow per unit, I’d have to rack up tons of units to be able to quit my day job, and then I’d potentially have a nightmare of managing that many tenants…or decrease cash flow even more by using a property manager.

Surely I’m missing some key component here?

So again, what am I missing about how one can potentially quit their day job by doing BRRR? Maybe you can point me to a video link or other resource in addition to your own experiences?

Thanks in advance!