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All Forum Posts by: David Luu

David Luu has started 11 posts and replied 55 times.

Just looking at the site, for one property listing, I see this note on the timeline on that property's status "PROPERTY DUE DILIGENCE & PURCHASE PROPERTYSPV paperwork is complete and LLC is tokenized." So I believe one is investing in a share of the LLC via tokens. It looks like one earns (a fraction of the) rent on the property while owning the tokens to the LLC/property, without the property management hassles from a direct investment. So it's not just an investment solely for future ROI, you may get payments monthly from the rent proceeds.

This is nothing new for fractional investment to a property via LLC, it's just the tokenization part of it.

For equity appreciation, I'm wondering if that's just translated as property value divided by your share of ownership in it. Since the token is just mapped to an equity stake in the LLC which owns the property.

Also the LLC I believe is on a per property basis.

Post: Anyone Tried The Fundrise App?

David LuuPosted
  • Posts 61
  • Votes 12

If you hold out for longer term, and invest a decent amount, you could score 10-20% ROI in your account. I've invested since 2017. But it might depend on the fund offerings available. Some that were offered in 2017 or 2018 are no longer available for new investors.

Are the loans cheaper if for investment property but as personal rather than business/commercial loan (non-LLC case)? I do know they are more costly than loans for homeowner occupancy.

Post: Fundrise?

David LuuPosted
  • Posts 61
  • Votes 12

I invested since beginning of 2017 and still have the account. I invested a total of $14.5k between 2017 and now, and earned a total net return of $3,168.18 to date (total account balance of $17,668.18).

I would like to invest more, but to be safe following non-accredited investor limits, so I stopped at the max I could invest as a non-accredited investor.

Post: Boutique Hotel Opportunity

David LuuPosted
  • Posts 61
  • Votes 12

In the case of a hotel investment, is this akin to running a business or is it a passive investment (unless actively managed) like home real estate? Unless there's special tax exemptions or active management of the property, if I'm not mistaken with W2 income, there would be passive loss limits that negate the advantage of the offset to active income, if one makes too high of W2 income.

I invested in it, and it was an interesting alternative RE investment platform. But I was only trying it out so only frugally invested $100. But did get paid monthly rent for it. In hindsight, I should have invested more. Since then the company decided to overhaul (and temporarily close) their business and sold off the properties, and investors got a payout from the sale proceeds of the properties they invested. They're planning to relaunch in the future, and I look forward to what they have to offer.

Since Landa's inception, there are other companies offering similar business model of investment. Message me if you wish to inquire for more details as I don't want to be promoting anything here. Just offering information & my life experiences.

I believe there's already some NFT real estate implementations in the crowd funding investment area.

https://realt.co

https://vave.io/tokenized-real...

https://app.reinno.io/campaign...

in terms of these, I wonder if anyone, say folks here in BP would participate or invest in these platforms. Sadly some, like RealT only allow for accredited investors at the moment for U.S. investors.

The premise here reminds me of the show Undercover Billionaire. I only watched season 1. Perhaps the OP can attempt to follow the model there. By no means an easy win though, YMMV.

Post: Primary vs Rental for First time Home Buyers

David LuuPosted
  • Posts 61
  • Votes 12

Curious, why Austin for investment property? There may be cheaper areas in Texas to invest in. Austin is the hot metro of course though. Can't say how good it is exactly, but you could evaluate nearby San Antonio. I think it was better to invest in Austin before the prices rose.

Curious, if house not on market yet, how did that offer come in? Or was it unofficially listed/publicized through realtor network? Or through friend/family network?