All Forum Posts by: Bellman Tumasang

 Yes I fully understand where your coming from but I’m thinking about big deals not single family. I’ll give you an example. 

Let’s say I buy 2 apartment complexes each 30 units so 60 in total. Let’s say both at $50k/unit so $1.5m each building and $3m in total. 

I believe it'll make sense for each to be in a separate LLC. Rents could be paid to separate property LLC's, limits liability and maximises asset protection etc.

I know how with multiple entities and bank accounts etc it can be expensive but honestly when your doing big deals making a lot of money it’s a small price to pay that can really help protect your assets.

I have been doing research and it seems many lenders for Multifamily apartment buildings require each property to be in a special purpose entity such as an LLC.

I'm referring to apartment complexes worth potentially millions of dollars with multiple units hence why I'm suggesting 1 per LLC. So if I had 30 apartment complexes I may have 30 LLC's and 30 bank accounts.

Also I do not yet own any properties I am 17 turning 18 next month and I am learning step by step as I want to get into real estate one day.

I know that when you buy rental properties it's wise to keep each in its own separate LLC to limit liability and maximise asset protection etc.

However, let's say you have 30 rental properties, 30 different LLC's and 30 different business bank accounts how do you manage all that? Tons of accountants etc?

Anyone how is in a similar situation please give me some feedback please.

I know that when you buy rental properties it's wise to keep each in its own separate LLC to limit liability and maximise asset protection etc.

However, let's say you have 30 rental properties, 30 different LLC's and 30 different business bank accounts how do you manage all that? Tons of accountants etc?
 
Anyone how is in a similar situation please give me some feedback please.

Investors who own commercial property such as apartment buildings how do you pay property taxes? I was reading an article on this link https://www.nolo.com/legal-enc... and it said you complete an income and expense form. Where do I get this form from?

Anyone who invests in property how do you do this? Do you have an accountant who handles this? Do you do it yourself if so how and when?

How do I access the government data?

I am thinking about multi-family apartment buildings as I want to go big.

I believe lenders focus mainly on the income and DSCR so a 25% down payment, non-recourse loan and closing in an LLC while later getting a cash out refinance should be possible right?

Could I purchase a property with a down payment of 25%, non-recourse loan and take title in the LLC with no personal guarantee.

After that, do I have to wait 6 months or a year before I can cash out refinance? How would I go about doing a cash out refinance.

I have been reading some stuff on the internet and have an idea but I want to learn from those who are doing it.

Thanks I will search up Texas A&M and I plan to purchase a building and actively manage it. I will start deals with my own capital, then syndicate with partners and eventually create funds where I pool capital and buy huge buildings.

How do I analyse different real estate markets? Yes I know I need to look at job growth, migration etc everyone says the same thing but how exactly do I find this out?

For example let’s say investors want to research job growth in the Texas market I highly doubt that they just search up Texas job growth on google and call it a day. Do you ask brokers? But then again brokers may be biased towards the markets they get listings from? Is there a national database? Do you just visit areas and see if new shopping centres are being built or business moving into the area?

IF IT HELPS THEN I’M LOOKING TO EVENTUALLY INVEST IN APARTMENT BUILDINGS. I AM 17 TURNING 18 NEXT YEAR ACTIVELY LOOKING FOR JOB WHEN I GO TO UNIVERSITY IN SEPTEMBER.