All Forum Posts by: Chris Armstrong

@Lam N. 

Its funny to watch these folks keep asking you where youre investing meanwhile the point is completely passing them.. If I found that unicorn I would keep my mouth shut until I owned the unicorn farm and then I would breed unicorns in perpetuity. 

@Nicholas LaGatta 

I mean if you are really serious out crushing Real Estate Investing I would go for the guac and all the other toppings. Its a common rookie mistake to only put out tacos but its better than no tacos and an unsold 5 plex. #goingaboveandbeyond #howbaddoyouwantit

@Paul Lechuga

HELOC cause your payments will not go up unless you buy. The assumption being that you buy something that cash-fows to address the new liability adequately. Remember though, HELOCS can have adjustable rates so payments can vary. Also fun fact, I just learned that you can refinance your primary home and keep your HELOC in place with a process called subordination. Got lower rate and kept my HELOC in place #boom.

@Brad Hammond

$500 taco concession to buyers. #soldit #yourewelcome

Small Local Banks, and mostI have talk to are not familiar with the term BRRRR. Just say Cash Out refi of rental property and they will immediately know what you mean. LTV limits are 75% at least in my state and rates tend to be higher. I just did one 5.375% (30 yr fixed) and 75% LTV. Perfect BRRRR @Sandi L Williams

So being new and definitly not worth a million dollars this is my take. 

From the syndication opportunities I have seen come across my email they are generally 5 years or so in length with CoC average returns of 8%+ per year PLUS and equity multiplier GREATER THAN 1. This to me seems like the best opportunity because effortless income with "appreciation" because of the multiplier payout in the end. Sure, you may not have the depreciation or other tax benefits as a piece of real estate does but you're also not doing much of anything except putting money into a wire transfer and living life.

The SFH option may give you cash flow on a monthly basis and depreciation benefits to shelter some income but if you're in a market that is becoming worse and worse as time goes on, aren't you deteriorating your initial investment base? Doesn't that violate the first rule of investment which is to preserve the initial investment? I mean you could 1031 exchange in perpetuity to keep that base but that is a lot of work and your not really seeing appreciation in the end. You also cant really call your chips back either can you since you would have them tied into 1031 exchanges (without heavy tax implications).

I am def not a finance guy but it seems to me that the capital gains tax you will pay on syndication will likely end with your initial investment principle being multiplied by something greater than 1 plus the cash flow you got from monthly payments. The SFH option will likely end with initial capital being multiplied by something less than one from depreciation recapture and cap gains etc but you have some cash flow...

Again just my thoughts totally new here .

@Lucas Mills

DO hard money lending or P2P lending with whatever funds you can set aside to be in a truly passive position. I am starting to do that myself now and I hope it helps multiple the income streams I have already. Hard money lending can be between 8-12% return (terms vary) and potentially a point (s) which are a percentage of the loan amount paid as a premium on the loan. I am new to this area so I am still learning about it but from the people I have spoken to so far, amounts a little as $20K would be enough to get rolling. Securing the money would vary depending on what kind of deal it is but again I am new to this area. I have heard if you provide enough money on loan, your name would be on deed to back the loan. If you provided a portion of loan you could be in a 1st or 2nd position on property mortgage.  I am sure there are tons of people who can correct my above statement. 

@Brad Baker Hey brad always good to meet people on the same journey. Love to talk about what youre doing 

I hope you have a good stain policy or you laid down a thick layer of scotch guard....@Mel Hignell

@Will C. Way simpler than that. 

I literally see a house or types of homes that I want to buy then I pull the tax records for that certain area and I write them letters. I am a realtor so I still have access to all the lists that are going away due to privacy laws. I don't spend money but I do spend time. It will pan out nicely for about an hours worth of writing. In almost any facet of your life, the simpler you can keep things the better.