All Forum Posts by: Daniel Reyes

@Bob Langworthy

Thank you, Bob! All the best to you and your family in 2019.

Hello BP Family!

2019 is finally here! It’s been an eventful year in the real estate landscape here in the US, full of challenges, surprises, and wins. As a method of encouragement and accountability, I wanted to raise this question for us: what are your real estate objectives in 2019?

Me, I’d like to continue growing my knowledge and network of colleagues and contemporaries to move closer to building a portfolio of real estate syndications.

What are you up to in the new year?

All the best! And Happy New Year 2019 to you and yours.

Daniel Reyes

InsightBay.co

@Jasmine Slivka Hi Jasmine, Thank you for posting! This is a great question. There are many benefits to setting up individual LLCs for each asset. Some of these benefits include simpler accounting, limited exposure to the rest of the portfolio, better insurance rates, etc. In fact, some lenders may require an LLC for each property, depending on the loan and property type. You may also consider setting up a “manager” LLC for you and your partner. This manager LLC can have ownership of the property LLCs. When you are buying a deal, you can purchase them in the name of of the property LLC. Some investors prefer this route, in order to simplify and organize their portfolio, believe it or not. This is typical in multifamily. Of course, I would advise you consult a securities attorney to help you structure your business in a way that is conducive to your goals. Please feel free to send me a message if you would like to learn more and continue the conversation. Take care! All the best, Daniel Reyes

@Jonathan New Thank you for the insight, Jonathan!

@Tj Hines Hi TJ, Thank you for posting! There are a few multifamily managers that come to mind in Florida that may be able to partner with you: Greystar or Bridge Real Estate Group you may consider. Thankfully, with Florida being an attractive market for multifamily investment, there are several managers available to work with. I recommend you build in a competitive management fee and construction management fee in your underwriting. Please feel at liberty to reach out to me if you have any more questions. And congratulations on the capital raise! 😊 All the best, Daniel Reyes

@Matt Kurkiewicz Hi Matt, Thanks for posting! Green Street Advisors is a preeminent real estate advisory and research firm. You may find the information you’re looking for with them. All the best, Daniel Reyes

@Kenneth Garrett “It’s called private investing for a reason...” This is gold. Thank you, Ken.

@Joseph Gozlan So keep an eye out for investors in your immediate community. Awesome!

@Alina Trigub Thank you, Alina! I especially appreciate targeting specific investor types. This is good.

@Whitney Sewell I love what you’re doing at Life Bridge. This is excellent, thank you for the feedback!