All Forum Posts by: Jeremy Porto

Sounds like you're doing exactly what you need to be doing!  Keep it up!

Hi Rodney. So far we've JV-ed 3 deals and we're under LOI on a 4th deal...all in Alabama. Things are going well. Thanks for asking! How is everything coming for you?

My sister does rent by the room in northern VA and currently she is managing them herself. I am trying to help her grow and part of that would be passing the property management duties to someone else. Are there any PMs in northern VA that work with rent by the room investors? It's not the strategy that I use, but i know there are some challenges with the strategy so I'm looking for a PM that has experience with this already.

I just applied with the streamlined form and it's extremely easy and fast.

Just putting in my 2 cents for how I did it, but for revenue, I put my gross rents and for COGS (cost of goods sold), I put my expenses.

I estimated the loss of rents at (50%)*(gross rents for the latest month)*(9 months).

Good luck everyone!

@John Montgomery, no a REIT is different than a syndication. A real estate investment trust is a bundle of real estate deals that would similar to a stock or mutual fund, whereas a syndication is a purchase of real estate by a general partnership that runs the deal and a limited partnership that provides the equity. One of the biggest differences is that syndications offer the tax benefits (depreciation) to their investors. As an example...I bought into a syndication for 50k that closed on 4 Dec and for that year I received a K-1 for 20,000 in losses (that's a good thing). Depending on your situaiton, you can take those losses against passive gains and possibly against active gains.

I'm actually putting together a real estate syndication expaliner video...I'll post it on here when I"m done!

@Jonathan Yeh understandable on not wnating to put most of you investment into one thing.  and you shouldn't do that anyways.  

@Jonathan Yeh  If you need resources to learn about syndication, there are some great books and pocasts:

podcasts:
Apartment Building Investing with Michael Blank

Old Capital Real Estate

Wheelbarrow Profits with Jake and Gino

Books:

Best Ever Apartment Syndication Book - Joe Fairless

Investing in Duplexes, Triplexes and Quads - Larry Loftis (not syndication, but small MF)

I'm always happy to chat with you too to help point you in the right direction.  Send me a message or email!

I would passively invest it in a real estate syndication.  Depending on the amount, diversify it among several operators in several markets over several deals.  

I would much rather have a stream of never-ending (almost) income than just a chunk of change that could one day run out. 

Again, depending on the amount, conceivably you could retire and never worry about it running out if you invested it this way.  Every time one of the syndications ends (5-7 years or longer), find a new syndication to reinvest.  You get cashflow throughout the hold period, so you're money isn't completely locked away either.

Hi guys, just tagging onto this post....in need of GC recommendations in Pensacola who can remodel unit interiors (36 units).  I will check out the above 2 names, any others?  Thanks!

Thanks!