All Forum Posts by: Account Closed

Arthur, in my three years spent traveling through the PI, I have never heard of Resourcentity. I believe you are correct to be skeptical but from your description it is difficult to discern their system and where your efforts fit in. Maybe see if they have a two- or three-month trial period and take the gamble. 

Stacy, in what area of "overseas" have you had bad luck? I have a condo unit that I purchased over in Manila. I paid for 27% and began looking for others willing to join me and share in the appreciation and cash flow. Unfortunately, I have found far more souls like yourself with no interest in anything overseas, thus convincing them to see the opportunity that I see is difficult. Tell me your story. Hopefully it will help me to dispell the concerns of potential investors as I plan to continue to build my portfolio with worldwide properties. There are many wonderful places outside our US borders.

Brent,

Your logic is sound. We achieved a debt-free lifestyle seven years ago. After which, our additional "pocket money" started the wife's retirement account and later, college accounts for the kids. We live a blessed life and the kids are well cared for but little excess remains for alternative, what some might consider "higher-risk," lest we pull a penalty-free early withdrawal from an IRA account.

Mike and Randy,

All that debt paid off years ago was consumer debt, including our cars. We do have a home mortgage, but we've only lived here two years, hardly enough equity to borrow for this BRRRR investment. Local lendors quote 4-5% APR and minimums of $50k. Private money lendors, naturally, offer even higher rates and short-short terms, but we may have a little better luck making that type of deal work. We would like to factor in a year's worth of mortgage payments into the loan amount so truly zero cash comes from our family budget, but lendors are wary of these crazy ideas.

 *...may prove beneficial.

 Hey Steven,

  We are considering forming an LP for a real estate investment and making our C Corp the general partner. In this manner we believe we can pool funds from a number of investors, let's say five for this example, each having a 15% share, with our C Corp acting as the general partner with a 25% share. Can you identify and explain the potential challenges with this setup? Can you offer better suggestions? Our C Corp is already set up and operating and our intent is to pool investor funds with minimal overhead. 

Cheers!

-Brian

 Neal, please elaborate further. We are considering forming an LP for a real estate investment and having our C Corp be the general partner; your knowledge in hedge fund setups may proove beneficial.

Hey there BP family. Normally I would never plan to take a loan for an investment. My wife and I follow the Dave Ramsey plan for Financial Peace and only purchase what we can afford. Our company business model seeks the same, pooling investor funds for long-term positive cash flow for all parties and growing the company in the process. Recently, however, we found a great BRRR opportunity for $28k, requiring only $10k-$12k for rehab and anticipating $650-$700 monthly rental income. In short, $40k up front makes this deal work. Did I mention it is located immediately next-door to the edge of the town's growing commercial venues; i.e. it seems highly likely to convert to commercial within the next few years. We want to jump on this opportunity quickly and may not be able to pool $40k together quickly enough to buy and rehab with all cash. Since I am uneducated in lending processes outside the standard mortgage loans, please enlighten me and share how you might structure the finances for this opportunity.

Cheers!

-Brian

Those are awesome page names. They remind me of the wall hanging at my brother's house that reads, "Home is where the Army sends us." 

I like that idea, Yvette. Thanks! I am heading to the housing office on post this week to see what they can do. I'll ask about offering discounts/waivers to military. 

Small family. Roger that. :-)

Thanks, Gail. That all jives with what I've learned during my career. Perhaps I should have been more specific. The question is how to designate the property for military, e.g. establishing the unit with the post housing office as a military/government-designated/friendly property. This could help weed out any of the unscrupulous folks who could easily disappear into the woodwork if a problem arises. Government folks, on the other hand, have a chain of command and UCMJ to keep them accountable.