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All Forum Posts by: Account Closed

Account Closed has started 0 posts and replied 176 times.

Post: Managing Long Term Rental Property

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78
Quote from @Breland Almadova:

Aloha Bigger Pockets Fam,

My mom and dad have a rental property. It was their first home they bought about 30 years ago now. Lived in it for about 10 years and have been renting it out for about the past 20 years. It still has a mortgage on it due to refinancing in the past years to create more investment opportunities else where. They do long term leasing with this property and have a pretty good tenant right now. However, they’re rental income is coming in at a loss and isn’t covering total expenses.  I’ve told them multiple times to leave your emotions and feelings out of it when it comes to upping the rent.  They are a bit hesitant as they forget real estate investing is a business. I have used the rent calculator tool and it shows median rent should be around $3,100. Currently they only charge $2,800.  Any suggestions on how they can communicate with the tenant and let them know that they need to increase the rent?

Thank you all!!!


 Hey Breland,

I have realized that sometimes it just isn't worth it to re-tenant a house and try to bump rent when investing in syndications like alts or DSTs, or even gas and mineral rights, can far outperform the property with zero active management required.

It sounds like they will get a tax exemption on a gain up to $500,000 since I'm assuming they're married. So, they can sell that house and pay zero taxes on any gains. Taking that cash from the sale and exchanging into a syndication would likely give them a higher cash flow amount per month as well as appreciation without the headache of active management. 

I work at a real estate investment advisory firm and part of what we do is model client's portfolios and provide alternative investments with syndications that compare the client's current performance with that when invested in a fund. 

If you'd like to hear more about this, feel free to DM me or check out tangiblewealthsolutions.com 

Post: RE Syndication Investor Tracking Software for LPs?

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78
Quote from @Adrian Clapp:

Hi @Account Closed,

Thanks for the additional info.  Glad to hear that this challenge is starting to get some attention!


 I think it could see a lot more attention especially if you can go to a Schwab and say hey refer us 1% of this $XXX account and we'll cut our commission in half and now you can offer syndications to these clients that are all in stocks and want RE on the Schwab platform 

Post: RE Syndication Investor Tracking Software for LPs?

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

Hey Adrian,

I work at an investment advisory firm that is currently working on providing our clients (LPs of DSTs and Alts), with a platform to check those metrics. 

We are working with TD and Schwab to act as custodians for certain Alts funds... 

Post: Accredited and looking for a syndication deal

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78
Quote from @Scott Holland:

@Account Closed Thanks Dylan...I do feel like there is a lot of opportunity in Co. as I was an annual visitor to Breck for quite a while. As I move further down this road, I'll reach out, because I'm looking at everything from MF Funds to Mortgage note funds. 


 Hey Scott,

Got it. The funds we place clients in have nothing to do with us being located in Colorado. These are funds from sponsors like Cantor Fitzgerald, Carter Exchange, Passco, Inland, etc... that we act as a rep for. That is, one cannot invest in these Reg D's or DSTs without being placed by a registered rep. We have offerings from every property type on our menu. 

It sounds like I may have misdescribed us. 

Thank you.

Post: Accredited and looking for a syndication deal

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

Hey Scott,

I am an analyst at a real estate investment advisory firm in Denver called Tangible Wealth Solutions. My boss/the founder of the company was actually just featured on a Bigger Pockets podcast where he discussed our syndications advisory business and how we are helping clients either exchange into or pay cash for equity in DSTs, Alts, and mineral rights.

Here's a link to his recent BP pocast: 

Lower Taxes, More Passive Income with The 1031 Exchange - YouTube

The syndications we offer are approved by our managing broker-dealer, so while I can't say much about yields or deal details on a public forum, we can certainly explain more about our vetting process for these funds on the phone. 

Feel free to reach out.

(303) 847-2852

Post: Bitcoin Crypto & Buying Real Estate - Not As Safe As You Think

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78
Quote from @V.G Jason:
Quote from @Account Closed:

So blockchain transactions are recorded from anonymous wallet addresses. You are describing on-exchange transactions, and yes, these are traceable. 

This is not a function of blockchain, this is a function of centralized exchanges. What I am referring to is the storage of coins into a hard wallet. For example, I purchase my coins on Coinbase and then transfer them to my Ledger wallet. There is no identity associated with my Ledger wallet, only my 21-phrase seed code. 

So yes, purchases on centralized exchanges are traceable. No, storage and transactions to cold storage wallets are not traceable back to someone. If a criminal sent me coins from a wallet with an identity tied to it, the sender would be traceable, but because there is only my seed phrase as the conceptual 'owner' of my cold wallet, I, the recipient, am not traceable. 

The blockchain transaction just exposed the anonymous wallet indirectly. How do you think they are finding criminals on it?

If you bought on Coinbase and transferred to an anonymous wallet, all they have to do is come to you directly. Once they come to you, depending on how much they have against you, they can seize your stuff. If you sent it to an anonymous wallet that's not you, they'll get that information from you. It's not hard, they can find your emails, your messages on forums, etc., to figure out what you just did and where it was sent. It's not directly or indirectly anonymous at all.

 Look into Ledger.

Post: Bitcoin Crypto & Buying Real Estate - Not As Safe As You Think

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

So blockchain transactions are recorded from anonymous wallet addresses. You are describing on-exchange transactions, and yes, these are traceable. 

This is not a function of blockchain, this is a function of centralized exchanges. What I am referring to is the storage of coins into a hard wallet. For example, I purchase my coins on Coinbase and then transfer them to my Ledger wallet. There is no identity associated with my Ledger wallet, only my 21-phrase seed code. 

So yes, purchases on centralized exchanges are traceable. No, storage and transactions to cold storage wallets are not traceable back to someone. If a criminal sent me coins from a wallet with an identity tied to it, the sender would be traceable, but because there is only my seed phrase as the conceptual 'owner' of my cold wallet, I, the recipient, am not traceable. 

Post: should i get to know lenders?

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78
Quote from @Jace Perez:
Quote from @Account Closed:

Yes


 How do I get to know them do I just call them up?


 Yes

Post: should i get to know lenders?

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

Yes

Post: Raising Rent & Making tenants pay utilities

Account ClosedPosted
  • Investor
  • Denver, CO
  • Posts 184
  • Votes 78

For #1, I'd contact a local property manager that does lots of volume in the area you're looking in. Ask them what they'd rent it for and their reasoning. I'd then call multiple others and ask the same thing. 

#2 - Yes.