All Forum Posts by: Darius Nunez

@Hrysa Zirou

I’m no financial adviser but I would focus on diversification and finding out what strategies align with your lifestyle and risk tolerance level. I have rentals and love them but now I’m involved heavily in fix and flips. Consider cash flow through rentals but landlording is not for the feint of heart. Tax advantages with depreciation etc. Fix and flip huge lump sums of cash but capital gains can be a pain. Running the numbers on a fix and flip property are completely different from running numbers on a rental. If you care to talk further message me and we can brainstorm. Well wishes.

@Caleb Rehg

I would recommend a realtor who is savvy and or a site called Rentometer. Has a cost but well worth it.

@Felipe Burga

Congratulations man I would first like to start by saying I am not a financial advisor and everything is based off my experience. Consider putting all the money to work for you like little soldiers! Focus on an annual yield that you would be good with at this point in your life! Consider your goals and find an avenue that aligns with that. Example: cashflow rental properties. Are you considering to be a landlord and handle the tenants directly or are you utilizing a property management company to give you a barrier between you and the tenants? Think about your risk tolerance level. Fix and flips give you a great lump sum of profit considering your underwriting process is on point prior to acquisition. Fix and flip business is an active job where “you only eat what you kill”. Capital gains is a factor. Rentals allow you to reduce your taxable income due to depreciation. As you scale utilizing cost segregation and other tools such as 1031 exchange which can be a great tax strategy as well. I’d be more than willing to talk further with you just message me. Well wishes!

@Sarah Lacy

First and foremost congratulations for putting yourself out there and swinging for the fences! Fear can paralyze you or fuel you! A lot to consider!

-mentors who are actually in the business and active.

-creating a team for out of state investing

(Attorney/property management/title company/inspector/contractor/handyman/ insurance company) etc

-master the numbers! YouTube 1% rule or 50% rule basic fundamental formulas used for cashflow calculation

I own real estate out of state in MI, AL and now NY. I have long term tenants some of which are on programs and mid term tenants who are travel professionals. Feel free to message me and we can talk further to create a solid game plan! Well wishes.

@Thomas Corso I would avoid this headache my friend. Focus on small multi family properties and more than $150 a door. You can also create my cashflow by adding things like coin operated washer dryer. Perhaps a storage container you charge monthly for. You got this!

@Pj Arora partnerships for sure. Whether a joint venture agreement or a syndication. All depends how hands on or off you’d like to be. Consider OPM other peoples money 👍🏽

@Jimmy Oates III it will fall on your shoulders unless you bump up the rent to cover what your utility costs would be on average. Or you can find other ways to up your properties profitability ie: coin operated washer and dryer, storage etc. I would absolutely account that in your expenses. You want as clear a depiction as you possibly can when investing. It’s always about the numbers.

Im excited yet nervous to start doing fix and flips in the state of CT. I have studied and studied and want to take the plunge but fear that finding help with building my team out there will be my first dilemma. Ideally the fix and flips would build up the capital for buy and hold properties. My focus is to get agents, contractors, attorneys for success in this flipping industry. I own rentals already but found myself getting stuck after the first few. Any help suggestions are welcomed!

@Alan Asriants

Personally I allow cats in my units as long as the tenants allow quarterly inspections to make sure things are getting out of hand. The benefits are the cats keep rodents and other pests away!

@T. PHILIP WASHINGTON

I suggest discussing your long and short term goals with an investor savvy attorney. In general the LLC provides protection. Write offs can be taken even as a sole proprietor so plan accordingly!