All Forum Posts by: Cam Schwartz

Hi Felix, all great questions.

You should be able to pool funds under various legal structures (LLC, JV, Trust, etc.). The relative % ownership in the partnership should be dictated by the operating agreement that you or your counsel will draft. You should have discretion over how ownership and profit distributions are governed.

A strong CPA or attorney should be able to cover most of this. Understand you've received some conflicting feedback so perhaps it might make sense to go with the most reputable/recommended in your area. 

Great question Alyssa and good to be thinking through at this stage.

As @Jason Taken mentioned above, it's important to first identify your goals. On the corporate side I have seen both SPE ("Special Purpose Entity") LLCs and Trusts used for holding assets, largely depending on what the buyer is looking to achieve. Certain vehicles offer more protection than others when it comes to bankruptcy proceedings and ringfencing assets from creditors.

A good CPA should be able to effectively advise on the tax and legal implications of each vehicle.

Hi Sarah, congrats on the momentum and progress to date!

One variable you might consider is allocating more to the down payment, perhaps up to 30%. If you're breaking even at 25%, this should provide positive monthly cash flow with less principal accruing interest. Further, you won't need to rely as much on appreciation and rate cuts to improve the cash flow situation.

As others have pointed out, you can't overstate peace of mind. Clearly you're versed in numbers and assessing alternatives so surely you'll identify the optimal path!

Hi Greg, when you say your primary home does that imply that you live in the home? Lenders face far more regulations when lending on owner occupied properties which may limit your options. See Renofi as a potential avenue which appears to be geared towards homeowners looking for renovation funding.

Hey Joel, I know others have run into similar issues with the BRRRR calculator. For that reason I built a full-functioning cash flow model taking into account hard money, the mortgage refinance and all relevant operating expenses to assess monthly cash flow. I've shared with my clients and the investors in my network and happy to shoot over via email if helpful!

Hey Chris, we offer 15% down for projects with sufficient profit margin. We offer as low as 10% down for repeat clients with strong credit. We also provide clients with an estimate of fees and project-level profit for any deals under consideration. Always happy to review!

Hi BP Community,

Sharing my BRRRR excel calculator with anyone who's interested. This calculator gives you a quick picture of cash out refinance proceeds and the property's net cash flow each month. If you're looking for a quick and helpful tool to analyze deals let me know and I'm happy to share!

Hi All,

Sharing my fix-and-flip excel calculator with anyone who's interested. If you're looking for a quick and helpful tool to analyze deals let me know and I'm happy to share!

Hi Everyone,

I thought it would be helpful to share a couple of excel models that I use in assessing prospective real estate projects. These models capture the primary expenses associated with fix-and-flip and long term rental/BRRRR investment projects and provide an estimate of total cost and profit/returns.

Shoot me your email if you'd like a copy of either or both.

Hope you find helpful in reviewing your projects!

Thorough and helpful response Tanner - appreciate it!