All Forum Posts by: Brianne Dylla

Thank you all for your insights.

Thank you so much for your time, responses below: 

1)  He currently owns a (2) 20 unit apartment complex, a few single families, and leases out store front space. This will be his third from the ground up new construction of a 20 unit apartment complex.

2)  20 units

3) At this time it is just the two of us, I would buy-in a small percent, not sure the structure yet

4) only money

5) The idea of me being part of this deal is just being kicked around. He will do the deal with or without me, it is moer of a helping hand to let me join, but I want to be prepared and do my due dilligence

6) My personal experience with construction is minimal

7) I assume loan

8) If this is standard I imagine he will bring this up

9) I have a meeting this week to review the project with any real detail and would have better insight on this after that meeting

10) This is currently on my list of questions and yes I agree very important

Hello - 

Mu husband and I have a friend who has offered us an opportunity to buy into an apartment complex deal. This project would be a new build. Our friend has several multi-family and other commercial real estate projects. My husband and I own 3 single family rentals and are looking for a way to jump into the commercial side. What questions should we be prepared with when discussing the apartment deal with our friend? 

Hello 

My husband and I just got off our consultation call with Wealthability team. They quoted $15k which seems to be a similar number for many. We both have W-2 jobs, two single family rentals, and a cattle business. The sticker shock has me almost not even considering the service, but if I was able to get it for a lesser price, may consider. Any tips, advice, or guidance from anyone is appreciated. Seems a few of you have used their services, any feedback on the CPAs, money savings, tax savings, wealth strategies. They also talked about setting the LLC's up in different states, anyone else have this advice?

Thank you

Thank you for the response, are the taxes residential still or are they commercial? Other than loan type and taxes, are there any other differences I should be considering? 

Hi,

I am looking to invest in an the construction of an apartment building on a lot that I own. I read that 4 units are considered Residential, but 5 units is considered commercial. If I build 2 four-plex buildings, is it still residential? Thank you