All Forum Posts by: Brandon Turner

Whoa :) that’s a lot of pages! 

Hey thanks for the post about the fund! That said, just to clear up a couple quick things:    

First, I AM investing in the fund. I invest in all of my funds. I think the docs say that we don't "Have" to - but I am. I mean... that's the whole reason I got into this - I make too much money and need to invest it somewhere I trust. And I trust myself and my team ;) Anyway - I'm in! 

Secondly - I'm not sure where 10% came from for fees. The acquisition fee is 2.5% upfront, not 10%, and that's fairly standard across syndications and funds. Some are lower, for sure, but mobile home parks have significant upfront costs that apartments don't, so it's designed to mostly cover salary overhead. There is an asset management fee as well on the income collected (which is also standard), but the targeted returns have those fees already assumed and accounted for.  So while I'd love to take a 10% upfront fee and be able to afford another dozen team members, that's just not the case. Hope that helps clear some things up! 

Thanks!

My man. This is the coolest post I’ve ever read. Thanks for the shout out and the reminder of my Prius trip 😂 - congrats on your success so far, and for where you’re headed! 

Looking forward to this! Thanks for organizing, Greg!

Hahah this is the greatest slide show presentation EVER. I am definitely going to talk about this on the Podcast. I might even take all the credit for it... ;)

Thanks again! 

Ok - i'll admit, the subject line of this post is a bit sensational.  

I'm not going to jail. Not for this anyway. (But maybe for my killer dance moves.)

But here's the question i'll pose to the BiggerPockets crowd. 

(I'm working on a new book on Multifamily for BP, and I'm in the chapter on Zoning, so I thought it would be good to get some additional perspective!)

If I want to buy a duplex... and I find out that it's located in an area where the zoning only allows for single family (or, let's say, multifamily is maybe allowed BUT this duplex clearly was converted from a single family house years ago without permits) - obviously this is a "non-conforming property." 

So my question is: what are the downsides of this? Like... has anyone ever heard of a government forcing someone to turn their property back to a single family house after its been carved up? I assume most cities operate on a sort of "don't ask, don't tell" policy, but maybe that's just my experience.  Could a landlord who rents out his "illegal duplex" (i.e. an old house that has been converted) get in any kind of trouble, or would they ever be forced to fix it? 

I'll admit - i have several properties like this. I call em "monster houses." They can cash flow like crazy - but what are the legal / financial risks? 

Thanks all! Appreciate your thoughts as I put together this book! 

It's not every day you get TWO of your favorite BiggerPockets Podcast Hosts in one location - and it's even more special when that location is world-famous MAUI Hawaii! 

That's right!  David Greene will be in Maui and we're going to throw the biggest beach real estate meetup ever held here! (Ok...maybe the first too... ;) ) 

Whether you live on Maui or you're on Oahu or Kauai or The Big Island...  or you want an excuse to fly in from the mainland... we'd LOVE to have you! 

If you're coming - let us know in the thread below! 

Here's the Details :

We'll be hanging out at the bottom of the steps below the Wailea Beach Parking area. Families ARE invited! Let's talk real estate and watch the sunset at one of Maui's most scenic beaches.

What to Bring:  

Yourself, your family, a chair, your swim suit (this ain't Little Beach...), a boogie board, and... FOOD. That's right... this is going to be a Pot Luck style hangout. So bring a pupu to share (or pizza or chips or beer or soda or whatever! )

Hey @Jason H. and everyone else! 

So sorry for the bugs in the new calculator! This was a mistake- the new version was suppose to be hidden in Beta mode for testing, but it seems to have been made available for more than just the few select testers. As Michael said in the thread above, you can use that link to access the old calculator, and we'll be pulling the new one as soon as possible while we work to fix the bugs. I am actually REALLY excited for the new calculator and what it can do (though, side-by-side is still a little-ways off!). We just accidentally put the cart before the horse! :)

Thanks all! 

@Greg Gaudet proud of you bud! And thanks for helping with my 1031! I’m pumped about this property!

Hey @Svetlana Helms- while I don't have a super solid pulse on the Elma market, since moving to Hawaii - I do still have rentals all over Grays Harbor (not in Elma, though.) Personally- I like Elma. I'm not worried about it, even if a recession hits. People will always need to live somewhere, so as long as you're providing a good property at a fair price, you'll always beat the 70% of people who provide crap properties or charge too much!