All Forum Posts by: Jeffrey Mayer

Something I forgot to mention is that I am not necessarily looking for exact numbers on this deal. I am just looking to see if my numbers look like they are in a true ball park for what they need to be so that I am not missing the boat entirely.

@Andrew Kazakoff

Awesome information and thank you for the advice!

@Andrew Kazakoff

So if I am following your thought process. It may not be MFH, but it is in a zone where MFH is able to be zoned (or whatever type of zoning your looking for) ?

Hey BPer's

I am learning the process of investing in MFH with a buy and hold strategy. I have noticed that they are obviously a bit more difficult to find in my market (Metro Atlanta) than SFH. When driving for dollars I have begun to realize that certain areas seem to "attract" housing vs commercial/industrial and this obviously has to do with zoning. So my question is as follows.

Is there any state/county code that will help me to filter my map when driving for dollars to put me into areas that are primarily used for MFH or will I have to drive the areas and just take note of where the MFH units are located. AND does anyone have any tips in regards to making best use of their time while Driving for Dollars for MFH?

Thanks everyone!

Hello BP'er,

I am in the process of learning how the analysis process works in general, but specifically for MFH. I have a property that I was attempting to analyze and I was curious if any of you would mind looking over my spreadsheet and my analysis to see if things line up or if I am just creating a pipe dream.

These are all actuals I have found for the area using different web services. I used a listing service for pricing, the GIS for appraised value, and padmapper for rents in the area. I am not worried about anyone "taking" this deal from me because I am not at that point in the process. I am just looking for some help on learning to buy and hold.

PS. I have not actually reached out to the REA and I build the spread sheet myself using the BP spreadsheet as a guide so the formulas may not be exact.

Thank you for your help ahead of time!

Hey BP'ers,

I have a few questions regarding the tax/ income implications of some buy and hold real estate. I want to emphasize that these questions will be centered around buy and hold which is why I am beginning a new topic.

I read every where about the tax strategy using the 1031 exchange to defer capital gains tax, under the circumstances does it make sense to purchase & sell long term, 3 year minimum B&H investments, using this strategy. Additionally would there be any counter points due to the cash flow. My thoughts would be that at some point I might want to see the property so if we could limit the capital gains this would help but I am not sure of any harm this strategy would cause.

When seeking out a tax professional do I need to focus on somebody in my state or are CPA's well versed enough to be able to operate over party lines.

Lastly, are the only real advantages of using an LLC the benefit of limiting your liability to your business only. Or , are there other advantages to the LLC. It has been described to me as a "Pass-Through" entity many times which is why I ask the question.

Hope everyone has a great day!

@Dave Foster 

Awesome explanation. You guys continue to open up future possibilities for me!

Thank you everyone for the support

@Brandon Turner

Your podcast was what turned me on to this, I am already listening to about 3x shows per week. LOVE the information.

@Azeez K.

Thank you for the advice and I will add that one to my next up list!

Hello Everyone,

I am new to real estate but, close your eyes and imagine the feeling you had the first time you played with a balloon as a child. Take that to the Nth degree and that is where my head & heart are at regarding a long term approach to real estate. Now, the goal is to amass as much knowledge as I can and to learn the intricacies of the systems to maximize my impact with what I have available.

I look forward to communicating with all of you and I hope that  I can help any of you with what I have to offer.

Thanks everyone!

This is only my second post on BP forums and I just have to say I am amazed at the out pouring of knowledge and help that the community provides. I asked for the answer to the test and you guys provided me a study guide to answer a lot of questions myself.

Thanks everyone for your awesome input and thought provoking comments.