All Forum Posts by: Bryan Mitchell

Russell, I can’t remember his name but the British Expat who appeared on BP Podcast has carved a living out of the section 8 niche here in DC. He seems to be doing extremely well with some of the countries lowest turnover rates I’ve ever heard of. So maybe multi family in the DC area it’s not the best, but there may still also be a rental opportunities for invests like @Yasmeen Neal

@Yasmeen Neal, you can contact @Russell Brazil, but it’s not a great market for MF. 

@Mason Haley you can reach out to @Henry Clark. He has a lot of experience and has been very generous sharing He is an operator, but (unless things has changed) a not in the business of coaching. Although, I might hire him! :) 

@Henry Clark, wow, you certainly benefited from your trip. Thank you for sharing. Of particular interest is the forming of the LLC in Wyoming or Nevada. I've heard this before but you explained it very clearly. Secondly, I'd be interested to see what tax advantages you find with the other business structures.

At the moment GoPuff is cutting expenses: 

While initial reports said just 3% of the Philly-founded company's 15,000 employees would be affected, LinkedIn data and announcements show it may be many hundreds more. 

They are probably reassessing their growth and expansion. 

You’ll need to work with a commercial real estate agent to help you find your building/gym. But yes, Costar/ LoopNet is an option. Not sure if you’re starting your own gym or you’re interested in franchising, but the answer to that question would directly impact your search. 

@Henry Clark,

You’re sons making a great decision. I’ve done 28 years in the Army. It’s been a heck of a ride! Yes, he should put the BAH to work…..Enjoy your trip out in Vegas. It’s a great place for a convention. I love SS and this may be a great place to see what’s (Products and services ) out there. Cheers, Bryan

@Christina Kokologiannakis, the 1031 requirements are interesting. The hardest part is finding properties that met the requirements and being able to close within the period of time without rushing and making a hasty decision. To avoid this, I would prefer one property. I’d focus on cash flow today and not tomorrow. I’d get the most units in the best condition in the best location. I would avoid areas or types of units with high turnover as this has been one of my bigger expenses. Sure, look at diversity and availability of jobs and current (and future) demand. An easy way to determine demand is to call leasing agents at property management companies in the city you want to buy it. Lots of decisions but take it from a guy who failed his 1031 who learned valuable lessons.

@Henry Clark, I’m doing it again to Henry, but he has a wealth of knowledge regarding this subject.