All Forum Posts by: Bo Goebel

My family is moving to Columbus, GA, within the next 6 months. I have intention to "house hack" a 2-4 unit property, which we will then hold as a rental property. 

Please share with me the best property managers and/or realtor references in the Columbus, GA, Phenix City, AL, area. Thanks in advance. 

@Justin Fraser Great post! I am struggling through my first syndication... running head first into brick walls is not a lot of fun. At every phase so far, problems pop up, some know and some unknown. You were very wise and fortunate to take on an expert partner like @Matt Faircloth.All a tribute to your hard work, determination, and focus. Congrats on the grind and the success so far, and good luck.

Congratulations, @Christopher Labonte Exciting stuff!


Sounds like you have sound principles. I hope everything went well with closing today. I'd love to hear more about it sometime. Did you decide on a property manager in Evansville yet? Or are you managing yourself? I may have missed it, but how many units is the new property?

@James Hatfield

Both Casey and Derrick are awesome guys. Good luck in all future endeavors.

@Aaron Hall

Are you originally from Reston? I'm guessing you're one of the many ex-military guys that was based up here and stayed after transitioning out. I would highly recommend looking at another area you are familiar with. I am from Indiana, where I am actively looking for apartment complexes, but closed on a duplex last month because it was such a strong deal in a market I know intimately. 

I would be happy to meet up sometime soon... I'm over in Arlington and head up to Reston for a REIA 1-2 times a month.

@William Blue 

Tyler Billington is a wealth of knowledge, and someone I could not recommend more with helping you figure out specifics from a lenders perspective. Look him up if you have more questions. 

https://www.veteransunited.com/lo/tyler-billington...

Please feel free to reach out to me as well, either on here or I'd be happy to talk if you'd prefer. Just PM me if you'd like... I'd be happy to help. 

William Blue Some basics about VA loans- VA loans can get you up to a 4 unit property ( SFH, duplex, tripled or quadplex) so long as you intend on living in one unit on that property for at least one year. (If you live in it for 2 years or more you can sell it without paying capital gains on your profits) There is a maximum amount you can purchase, depending on location, but is typically about $450,000. Also, you can only have one (or possibly two) VA loans active at the same time. The intention is to Provide a home to vets and their families, not to provide 0% down lending to borrowers. So you can’t continue to stack up investment homes by using this entitlement. But man is it a great way to get started. Please feel free to reach out to me personally if you would like to discuss anything more. Good luck.

@Josh Pryor Seller financing is a great way to go, but most of the time a hard sell. Make sure to review/listen to a podcast or two that tells a successful story of receiving owner financing.

If you can't capitalize on that, you could always find a partner that puts up the down payment and split the ownership of the property and the cashflow however you seem fit (50%-50%).

If neither of those work, you may be able to wholesale the deal.

If nothing above applies, its most likely a deal that should be relooked because its not very attractive. Regardless, passing off a good deal to someone in your network is a good way of building on a relationship- and finding a solution for everyone involved. (though short-term you'd be better off finding a different approach)

@Mitch Provost thank you. Very helpful input. 

@Account Closed great point on the cash distribution to cover tax (if necessary). Thank you. 

If you buy into a large syndication, are you offered all applicable tax deductions in a prorated way? E.g. you invest $10,000 into an apartment complex that cost 5 mil. You have 1% equity on the property. Are you going to receive 1% if the tax deduction? Thanks.