All Forum Posts by: Ken Breeze

A good idea is to consult a local real estate CPA in the area you want to acquire property who can advise and set it up for you as well. There are different rules for different states. Generally, I suggest having a new LLC for every property you acquire to build layers of protection. This way being challenged with one business doesn't have to threaten your entire foundation or portfolio.

I like to consult Investopedia some times. Check out  "The Basics of Forming A Limited Liability Company" and  "LLC Operating Agreement" or "The LLC Operating Agreement Template, And Why You Need It". 

Enjoy ;-)

I'm generally with @Tanya F. on this one.

There are always two sides to a coin. 

As much as it hurts from an investor's point of view, some type of rent control or other means of keeping rents from exploding out of reach of the people we need to pay our rents and who can barely afford them anymore needs to be done. And since many of us multifamily investors are not limiting ourselves and some are outright greedy and thus destructive to healthy capitalism, someone else in charge whose job it is to have their eye on the common and greater good of our tribe will need to step in. And that's usually our government, who the majority of the populous voted for.

And rest assured, this problem is just beginning to heat up - not just in America. As futurists have pointed out, 70% of the world population will be living in cities by 2050. The pressure is just beginning to rise as real estate will be more controlled than ever in any metropolitan area on planet earth. It's just logic math when looking at our population growth. 

The day will come when you won't be allowed to cancel the lease after a tenant has been living in your apartment for a certain amount of time. As is the case already in many cities and countries around the world. So enjoy the party while it lasts. And if I may add, my American friends, we are still very spoiled in what is available to us. Try any of our wealth creating strategies in most other countries, and you will be frustrated beyond rent control.

As @Jerry W. points out the problem can't be solved by lowering or controlling rents alone. It will demotivate us, investors, to provide decent living conditions. Speculation, on the other hand, a cyclical real estate problem we have in the United States more than anywhere, is highly regulated in various ways, not perfect yet, here in my other tribe's countries of Europe. Also evident mainly in metropolitan cities. The challenge is bigger and more complex. Jobs have been dying ever since I finished school in the 80's - by the hundreds of thousands - and still, do to this day. Our beloved technology has rendered us more and more useless or simply too expensive to keep competing. No wonder the discussion and experiments by many nations are focussing now on the universal basic income to compensate for our failure to solve these issues we noticed decades ago much earlier. So as you can easily realize: What goes around comes around and everything is connected like Ying & Yang.

It helps to look around or across the pond to cherish what we have had all along - for decades. Low income or capital gains taxes and deferrals using a 1031 tax rule and many other less advantageous game rules are things non-US citizens can only dream of. It's best to recognize that nothing stays the same, ever. The only constant is change. So let's focus on that and adapt.

I personally support the idea of being partly responsible for creating a sustainable balance so that wealth creation remains possible (where's the fun without it, right?) and even allows for "the other side" to learn and participate. Perhaps we should all give every new tenant a copy of Robert Kiyosaki's "Cashflow Quadrant" to help enlighten minds. There is no use in empowering the wealth divide to the point where even fences will not suffice.  Beware of the pitchforks coming (there's a great or concerning TED talk by a billionaire on this topic. Check it out). And while you're at it, you might enjoy a few other talks on any of our topics of interest such as the growing challenge of poverty in America and Europe and all topics real estate. Let me know if you found a good one. I'm always hungry to learn more.

You're struggling to get more motivated house seller leads or any other type of customer lead for your particular business! You've tried all the old school techniques such as yellow letters, direct mail, flyers, yard signs and a few online tools perhaps Craigslist, a data service or two and are frustrated about the no, low or inefficient results. Well, no wonder, its a shotgun approach with a high time and money waste ratio. 

Guess what - We have a super-effective way of getting you any type of lead you want. What are we talking about? Targeted, online, real time lead marketing. Yep, we do this before breakfast and all day long.

The potential is enormous and we wonder why most real estate entrepreneurs are not making use of it. I mean c’mon, the internet wasn’t invented yesterday so let's use it. But we get it, you don’t have time nor the nerve to learn all the insane ins & outs of diving into the universe of Facebook advertising. And you shouldn’t. You need to leverage your team, scale and grow your business.

No wasting time and money on people that are not interested in buying or selling. Every lead you receive from us WANTS to be contacted by you and is ready to go. This saves you from those cold and angry client calls that waste your time and drag you down.

Why Facebook? Why not Google, LinkedIn or other labor and cost intensive channels? Because Facebook is currently the most underrated, cheapest, most effective and efficient way to advertise today.

Who is this for? Realtors, brokers, property managers, general contractors, CPAs, attorneys, lenders, mortgage brokers, wholesalers, flippers, investors - everybody who wants real time motivated customer leads coming in every week.

We can even offer you lead exclusivity. But wait, there’s more!

( I couldn't resist ;-) )

Drum roll… on top of that we give you a one week FREE trial to check us out and see if this works for you and yields any usable results.

So - if you want to scale up your income and have time to receive 5-10 more real time and motivated quality leads per week, than don't hesitate to schedule a call with us so we can answer all your questions and get you on your free trial as soon as you're ready!

My team has put together a short two minute read for you to get a quick overview.

Cheers, The Breeze Marketing Team

You're struggling to get motivated house sellers or any other type of lead! Guess what - We have a super-effective way of getting you any type of lead you want.

What are we talking about? Targeted lead marketing. Yep, we do this before breakfast and all day long.

The potential is enormous and we wonder why most real estate entrepreneurs are not making use of it. I mean c’mon, the internet wasn’t invented yesterday. But we get it, you don’t have time nor the nerve to learn all the insane ins & outs of diving into the universe of Facebook advertising. And you shouldn’t. You need to leverage your team, scale and grow your business.

No wasting time and money on people that are not interested in buying or selling. Every lead you receive from us WANTS to be contacted by you and is ready to go. This saves you from those cold and angry client calls that waste your time and drag you down.

We can even offer you lead exclusivity. But wait, there’s more!

( I couldn't resist ;-) )

Drum roll… on top of that we give you a one week FREE trial to check us out and see if this works for you and yields any usable results.

So - if you have time to receive 5-10 more real time and motivated quality leads per week, than don't hesitate to schedule a call with us so we can answer all your questions and get you on your free trial instantly!

Cheers, The Breeze Marketing Team

 Great experience, great journey, good call. It takes courage and strength to let it go. Next.

This will happen more often than not. Get used to it. But then, when the good one turns up, it will be really great. You did a really good job. Keep moving forward. We have your back ;-)

@Casey Powers, I love your company name and thanks for the "pay to delete agreement" tip. Good catch.

I sense too many red flags, and guilt is a terrible advisor. To quote a famous Shark Tank line: "I'm out" or the current tenant needs to get out. These are all signals screaming trouble. People don't change. The messy garden is just a taste of how their lives look like inside. Never make emotional decisions when doing business, especially when you're living in the middle of it every day.

There are way better loans out there - keep asking lenders here on BP. We had a local mortgage broker and almost used a 3% FHA loan on a four-plex in Phoenix. They are out there.

 My pleasure and yes, Phoenix is a magical place ;-) Imagine though, we evaluated dozens of properties ranging from 11 to 562 units, made offers, most declined, some accepted and ran two on due diligence - none of them panned out. Four months of focussed work and no pay-off. The market is greedy, so saying no is often what will save you in the end. The tables will turn, be ready when they do.

 I thought so much... once you've closed on this one I suggest focussing on commercial size MF - not just in your zip code - to scale faster. It's the same work and might give you more choice ;-)