All Forum Posts by: Dennis Maynard

Syndication requires that you be a qualified investor.  There are income and asset requirements. I have considered starting syndications, however the upfront costs with or without a deal can be prohibitive.  I'm happy to entertain further thoughts.

Okay, so if I am making educational material and wanting to share it, in the past that has been tagged as self promotion.  These are YouTube videos.  Would that be allowed in the forum?  I'm happy to share a link.

 Yes but is this front and prominent on the forum?  I seem to remember the member blog being limited as well.

Hello,

I have a goal this year of replacing my income with passive cashflow.  Simply, get a commission and invest it in out of state rental property until my income is replaced.  

So I am looking for private capital for potential JV (50/50 down and both on title), Private Loans at favorable rates (No Hard Money), Short Term investment capital for flips into refinance (technically Hard Money, but Private individuals) that could stay in deals if wanted.

Essentially, I am leveraging what I have with someone else that is looking to put capital to work.  I'll do the leg work.  We can talk about what that looks like.

Seeking good people.

Let me know if interested.

Dennis Maynard, CCIM

CA Real Estate Broker

 I know Jon and he is a great guy.  If you would like me to connect you I'd be happy to.  Otherwise, a budget of $500k in Westside LA isn't going to get you anywhere.  I'm seeing 25 offers on properties going well over asking. You are better off seeking the Suburbs and condo / townhomes.  Long Beach may be a great alternative.  LMK if you need help getting connected.

 I want to be able to promote myself.  This means promoting video content I post on YouTube without taking it down.  It helps with networking and more.  Whether it is a blog post or some other form.

Not enough info...  rent? expenses?  area growth?  Management?  whatcha got?

What are you going to replace it with?  What are your new cost of ownership?  Has inflation ended as real estate is an inflation hedge?  How much are your taxes?  

My hunch, unless you are trading up and adding capital, and trading up is difficult if you have not already identified your new investment, sit tight. 

Now, getting a HELOC for a small percentage of equity and taking that capital out of state. Yes, I would look at that.

All great questions.  First, if you decide to sell one of the properties you can always do a 1031 Exchange.  LA is a tight market, technically the 2nd least affordable market in the country.  I just did a video on this.  That said, it depends on your goals.  I'm in LA and looking out of state as well for cash flow.  I'm happy to share some of my notes if you like.  That said, I saw KC on here, that is a good option.  There are others as well.  Just depends on where you want to go.


Dennis

You are stuck unless you can find a private lender that would be willing to offer less.  ie family member.  Otherwise you will blow your returns with higher rates.  Good Luck.  :)

Dennis