All Forum Posts by: Christian Nachtrieb

If you’re going to need to drive into the city, do not live south. The traffic is absolutely horrific nothing like you’ve ever seen before. 

This was an awesome thread, thanks everybody for your insights I may be running into a similar situation and am debating either keeping the tenants and letting their leases run out, or ask to have the property vacant. I'm leading towards the former.

@Alex T. How did you end up? Would you mind sharing or messaging me the name of whomever you used? Thanks so much!

Thanks for the responses guys. @Chris Mason Could you elaborate just a little bit on securing the down payment loan with other real estate. Would it be a property I personally own like a primary residence? I only own my primary condo and another condo in downtown Boston so my portfolio is not expansive. Does this make the payments go up on said property?

Hi BP,

I'm planning on partnering with someone on a future deal, the issue is they will be the one supplying the down payment which will roughly be $50-70k. We're going to do a simple 50/50 equity split on the ownership of the property and I'm offering him a 10% return each year based on the rental income. 

My question is on the paperwork... since he's the money guy, are we basically going to go to the bank and have both our names on the deed? If so, would that also be the case if we instead wanted to do a 70/30 split on the ownership of the property? This part of the process is a little vague, any insight would be very very helpful.

Thank you!

Christian

@Alex Owens I really don't think it's any more far fetched than saying the US stock market will go to ZERO.

Also, what if we as a species ever have to face an "Interstellar" type situation where we need to re-home the human race to another planet... how much will your property in Oklahoma be worth then?

@Todd Dexheimer Cool thank you so much!

Hey @Austin Fruechting doesn't look like anyone thanked you on this thread so I will. That was extremely helpful! 

Hi @Jonathan Twombly, I had a follow up question I was hoping to hijack from this thread... When forming a syndication for a deal, is this something that has to happen before the deal well in advance? Say I find a property and I'm not set up with a syndication / partner yet, I can't proceed without the money they're bringing to the table so what's the best course of action?

Thanks! Great advice here.