All Forum Posts by: Dave Ketcham

Amanda Han is in Fullerton. She is great and driveable from Temecula. She's been on the BP podcast and has written a book too for BP.

We've invested with Bridge Equity (Nathan Brooks) and I would definitely recommend them.  Highly professional and responsive.

We have a couple of properties with them and it has been a great experience so far.  They are extremely friendly and responsive to inquiries.  The numbers have met the projections they gave me.

I use a property manager in that area - very happy with them.  DM me and I can send you their contact info.

I've had a good experience with them.  Their rates seem to be a bit lower than other note-focused crowdfunding sites, but the convenience of the automatic investing makes it easy to build a diversified portfolio of notes.

Shawn Huss at Chemical Bank is great to work with.  PM me if you need his contact info.

I would be hesitant to make this purchase. Do you intend to buy and hold, or flip? With repairs, your total costs will be close to $200K. I know the area somewhat and if you intend to buy and hold you are unlikely to be able to get even 1% (2,000/mo.) for rent. So you will likely lose money every month. I'd recommend using the BP calculator to identify all of your costs.

@Andy Sturm and @Steven Hamilton II this is valuable input -- thanks!

A business partner of mine is in a partnership that owns an apartment building worth about $3M.  They've been upgrading units as they've become vacant, which has reduced the monthly cash flow temporarily with expectations for greater cash flow in the future.

The partners are all retired so they are starting to miss the normal amount of income.  Their property manager is recommending that they do a cash-out refinance to (a) increase their income and (b) reduce their equity in the property to reduce exposure in case of a natural disaster, etc.  He's even suggested an interest only loan and make a break even cash flow and take the equity out.   

Questions:

1. Does this investment strategy make sense for older, retired investors?
2. What are the tax implications of taking cash out now rather than later?
3. Is there a way to take cash out but distribute it to partners over time to reduce taxes?

Any advice would be appreciated!

Welcome on board @Justin Perron!  I'm local in Temecula but have been investing out of state recently.  Hope you've been finding BP to be a great resource.