All Forum Posts by: Harman N.

Welcome Noah! Congrats on getting an early start -- it sounds like you're on track to already be an experienced investor by the time you graduate! 

I assume you mean cash-out refinance to pull out money? There's nothing that makes a turnkey property any different, you can refinance it within the same rules as any other property. However, if it's turnkey it's unlikely there's going to be much equity in the property, especially right after you purchased it. You can do a rate/term refi if you're looking to take advantage of the low interest rates and get a lower monthly payment. 

There are too many variables to definitively answer this question. How much money is being invested, what's the time horizon, what assets is the 401k investing in, what's the return of those assets during the time period, what type of real estate, what market is the real estate in, are you buying houses or investing in syndications, etc etc etc

You can build models. But more important than the numbers you plug in is the risk/return profile of the investor, and investment goals. 

But most important of all -- the key differentiator of real estate is the ability to have as much or as little control as one desires. Real estate can can also be much more than just an investment of money, it can open doors to business ventures and new careers.

Hard to beat what @Brian Burke said above, that's a comprehensive list! One perspective I would add is that you're entrusting your hard-earned money to someone; investing in a syndication is as much, if not more, about the team than the asset (the best team will naturally have the best assets). So you need to meet someone through a channel that allows you to build enough trust to invest with them. 

That's definitely a big advantage of new builds, and full rehabs as well!

Definitely hear what you're saying about the rationalization! "This repair is just a one-time thing, next month it'll be fine" Then next month comes and "Ah, bad luck again...next month it'll be fine" and on it goes! 

Hi everyone,

When analyzing your portfolio and comparing the money-pit sinkholes vs the reliable cash-cow properties, what lessons did you learn? What were the common threads? Was it location, property type, class, age of the property, your experience/inexperience at the time, etc? 

- Harman

The leases are all month-to-month so that wouldn't be an issue. 

After sending the form, how do you make them actually vacate? Or is this something property managers can handle for a flat fee even if they're not going to be managing the property (since it's purchased with the intent to flip)? 

Wow, using refinances to back into an FMV is quite aggressive! Man, that Michael Stinziano ain't messing around.

How do you serve the notice if you're out of state?