All Forum Posts by: Joe Candelaria

Thanks all for your input...very valuable!

I am considering starting a property management company. What are your pro's & con's? What do you look for in your property management company? What are the biggest deterrents from companies? Biggest draws?

Also, a big question of mine would be how to find investors in the area who would be looking for a property management company? The most common place would come from the agents themselves giving recommendation but outside of agent recommendation how do you find the owners of the properties? 

Any and all tips/suggestions are welcome. Thanks all!

Thanks for the questions, Dave!  The investor is my dad, and he is also a partner in the business. That being said, we would rather have as much capital as possible to move forward.

Happy Tuesday all! My question is, what is the best account to keep the capital we will be using for our real estate deals? Here is the situation, the main investor in our investment group is moving funds from a retirement account for us to be able to use for our investing. Obviously, the taxing of this amount is what we are trying to avoid. We are looking into a Self Directed IRA however it seems fairly prohibitive.

From this money, we will be paying out investors as well as percentages to a couple associate's.  Is that possible through a SDIRA?  What other accounts would you recommend?  Does putting capital in a regular business checking account make sense if we will be distributing funds from that account taking into consideration tax penalties from the retirement account but also considering the tax breaks we will get investing?  Thoughts, tips, ideas.  All are welcome!

Thanks!

Joe

Thanks Tom!  Are there any Zip codes that you would say, "do not buy there"?  Are there any zip codes that you would say "100%, buy there"?

Hey all! I am brand new to the real estate investing game and am thinking to start either in the Cleveland area, Phoenix area or both.  We don't have a ton of capital to start but enough to get going for sure. What would be the best way to get going with this whole endeavor? What areas have you found to be profitable in Phoenix, Cleveland or any other city?Thoughts? Thank you guys!