All Forum Posts by: Account Closed

Hi All,
I'm mostly a BRRRR investor but I'm in an interesting scenario where a few investments I recently acquired can be either good Holds or good Flips.

I'm close to the point to select my finishes and was trying to decide which way I should go. Are there any good rules of thumb as to which way to go if either Hold or Flip will work? For example, I heard that if a flip gets you 5 year's worth of rent, then you should flip. Is that a thing? What am I missing?

TIA!

Thank you all for the response. I will do the research on the legal aspects. 

I was, however, asking more from the perspective of structuring the actual terms. For example, it is common, at least among my friends who flip houses, that they will take on an investor. The investor would put in all the funds and the builder would be responsible for managing and project. After the flip, and the investor gets back all the money they put in, they split the profits.

What kind of terms are common in the world of BRRRR?

-TIA

Hello everyone,

I've been in the game for about 3 years now and my primary business model is BRRRR. I have a very common milestone, I believe, which is to generate enough passive income to leave my W2 job. About two years ago, I sensed that I needed more education and context on real estate and I began reading books and listening to podcasts (none of the titles would surprise you I'm sure).

I'm at an interesting point in my journey where I have a few LLCs that are General Partnerships (all partners contribute to the day-to-day management of the business) and I would like to open a new LLC which would have a Limited Partnership structure (where the Limited Partners would just invest money while others would be General Partners).

For whatever reason, I can't seem to find the topic of partnerships in real estate being discussed at any significant length in anything I've read or listened to - even in the podcasts (although, I must admit, I haven't listened to all of them). I'm really looking for guidance at the intersection of Limited Partnerships and the BRRRR strategy.

-TIA

Igor