All Forum Posts by: Bellman Tumasang

I'm going to use an example to make things easier assuming I have a real estate holding company called Holding LLC which 100% owns and manager manages Property 1 LLC and Property 2 LLC which own Property 1 and 2.

Let's say I bought property 2 for $500k with $100k down and financed $400k. After a couple years it's worth $600k and my remaining loan balance is $350k. If I refinance Property 2 at an 80% LTV with it being worth $600k the new loan would be $480k and after paying off the old loan balance of $350k I should have $130k.

However, that $130k I may want to use it as a 20% downpayment for a $650k property. Since the equity pulled out is payed to property 2 LLC and I want to purchase Property 3 and create Property 3 LLC could I purchase Property 3 where Property 3 LLC is funded by the $130k downpayment from Property 2 LLC then transfer the ownership of Property 3 LLC to Holding LLC so all properties are completely separate.

Or could I just simplify and pay the $130k from Property 2 LLC to Holding LLC then use that $130k from Holding LLC to fund Property 3 LLC to purchase Property 3 and have Property 3 LLC 100% owned and manager managed by Holding LLC.

 Done check your messages.

I want to begin research different real estate markets to know good markets to invest in? I want to focus on commercial real estate first starting with apartment buildings and then moving on to perhaps office buildings then shopping centres and hotels and to the point where I am diversified and doing many.

what tools or websites do you use to gather market data? Yes I know look at population if it’s increasing that’s a good sign, if net migration is positive that’s a good sign, job growth is good etc I know. I want to know the accurate tools and websites to gather this data that’s all I need.

I highly appreciate your responses. Thank you.

Where is rent from your tenants paid to, you as the landlord then you pay your property manager their fee or to the property manager then they pay you all the pretax income (NOI).

Could you please go into detail describing your rent payment collections so I can learn.

I’ve been doing research and it turns out that a lot of people have property managers who collect all the rent to their bank accounts then pay the owner. I’m worried as even if the property management company is established and professional I want to have greater control over my money and I don’t know what they do with it or whether or not they underpay me.

Do property management companies allow the owner to have rent payed into their bank account preferably via an online portal like Buildium where both can manage operations and then the owner pays the property manager their management fee. That is what I’ll like to do and wonder if any property management company would allow that.

Let’s assume I own Property A and B.

Let's say I have a real estate holding company called Blue Capital LLC which 100% owns and manager managers Property A LLC and Property B LLC which take titles to the properties.

Let’s assume I go to a lender and get a property appraisal for Property B, do a cash out refinance and pull out $200k of equity. Let’s say I have a deal for $1m called Property C and I want to use the $200k as a downpayment and finance the remaining $800k.

Could I pay the $200k of pulled out equity from Property B LLC to Blue Capital LLC then use the money to create and contribute to Property C LLC and purchase Property C so that Property C LLC is 100% owned and manager managed by Blue Capital LLC. Or would the $200k become taxable If distributed to Blue Capital LLC.

To potentially get around this, with the $200k remaining in Property B LLC could I create Property C LLC and have that owned by Property B LLC 100% owned and manager-managed then contribute the $200k to Property C LLC to use as a 20% downpayment to purchase Property C. Once that's done can I transfer ownership of Property C LLC to Blue Capital LLC so that way Blue Capital owns 100% and manager manages Property C LLC.

I believe this structure will keep all assets separate and organised and maximise asset protection while minimising liabilities.

Any comments or opinions please state below.

Let’s assume I own Property A and B.

Let's say I have a real estate holding company called Blue Capital LLC which 100% owns and manager managers Property A LLC and Property B LLC which take titles to the properties.

Let’s assume I go to a lender and get a property appraisal for Property B, do a cash out refinance and pull out $200k of equity. Let’s say I have a deal for $1m called Property C and I want to use the $200k as a downpayment and finance the remaining $800k.

Could I pay the $200k of pulled out equity from Property B LLC to Blue Capital LLC then use the money to create and contribute to Property C LLC and purchase Property C so that Property C LLC is 100% owned and manager managed by Blue Capital LLC. Or would the $200k become taxable If distributed to Blue Capital LLC.

To potentially get around this, with the $200k remaining in Property B LLC could I create Property C LLC and have that owned by Property B LLC 100% owned and manager-managed then contribute the $200k to Property C LLC to use as a 20% downpayment to purchase Property C. Once that's done can I transfer ownership of Property C LLC to Blue Capital LLC so that way Blue Capital owns 100% and manager manages Property C LLC.

I believe this structure will keep all assets separate and organised and maximise asset protection while minimising liabilities.

Any comments or opinions please state below.

Let’s assume I own Property A and B.

Let's say I have a real estate holding company called Blue Capital LLC which 100% owns and manager managers Property A LLC and Property B LLC which take titles to the properties.

Let’s assume I go to a lender and get a property appraisal for Property B, do a cash out refinance and pull out $200k of equity. Let’s say I have a deal for $1m called Property C and I want to use the $200k as a downpayment and finance the remaining $800k.

Could I pay the $200k of pulled out equity from Property B LLC to Blue Capital LLC then use the money to create and contribute to Property C LLC and purchase Property C so that Property C LLC is 100% owned and manager managed by Blue Capital LLC. Or would the $200k become taxable If distributed to Blue Capital LLC.

To potentially get around this, with the $200k remaining in Property B LLC could I create Property C LLC and have that owned by Property B LLC 100% owned and manager-managed then contribute the $200k to Property C LLC to use as a 20% downpayment to purchase Property C. Once that's done can I transfer ownership of Property C LLC to Blue Capital LLC so that way Blue Capital owns 100% and manager manages Property C LLC.

I believe this structure will keep all assets separate and organised and maximise asset protection while minimising liabilities.

Any comments or opinions please state below.

I know it’s possible I mean look at Trump Tower. There are also apartments with names let’s say Kingsgate apartments. If they have names I’m assuming owners named them at one point and had legal documents to make sure no one else could take the name. For example, Trump with his buildings names after them probably has the names in legal documents etc to trademark them etc.

If I bought some real estate let’s say an apartment building for example and I wanted to rename the building for reposition purposes and to rebrand it how would I go about it.

Where do I get the necessary legal documents to do that and then perhaps update google maps etc?

Those who have bought real estate or have lots of money saved up could you please give me tips on how to save up money to eventually invest in real estate. 

Do you chuck leftover money after bills and other expenses into a savings account and forget about it? Do you hide cash under your bed? Etc