All Forum Posts by: Jim Rivell

Thanks for sharing Joe, I might steal that spreadsheet layout to organize my investments as well!

I think there is a lot more things to consider here prior to making the decision. Does the property fit into the architecture of the portfolio you want? Are you going to be self-managing? In relation to the above, is it close to where you live or far? Are you concerned regarding the tax burden of selling?

Based on cash flow and equity here you have flexibility to do whatever you'd like which is a great problem to have. If the plan is to use the proceeds to flip/BRRRR you can even consider a HELOC or refi to get some capital to use but also keep the property. Just food for thought.

Hey Kislay - thanks for spending your time answering questions for the community here. I'll drop one here for you, feel free to get back when you can.

my partners and I are closing a portfolio acquisition and now have 6 doors under 1 LLC that we all own 1/3rd of. Moving forward, how would you structure our business/investments to allow for future compensation of the members (either payroll or distributions etc), and ability to be as tax efficient as possible? Thanks!

Not Real Estate focused but Just Keep Buying by Nick Maggiulli and Psychology of Money by Morgan Housel are 2 great investing/personal finance books that completely changed my mindset.

Hey Aliyyah - some advice directly for your client is have her engage a few lenders and explain her situation to them. They should be able to give her an idea of what her terms will look like for the refinance. Maybe engaging them early and letting the lender take a look at her info/situation would ease some of her worries.

More specially to BRRRR, there are a few pros/cons. I think the obvious pro is the ability to get into a rental property with little to no money invested (although unlikely nowadays). Some cons or risks rather would be: 1. Unexpected rehab costs causing budget to go over, 2. Appraisal value is less than expected, 3. Waiting the seasoning period in order to refinance allows rates to fluctuate (a con in today's environment since they have been increasing seemingly everyday)

There is a lot to learn with BRRRR and surely a ton to love and to be weary about.

We're buying similar to you. Looking at cashflow and return mostly. Very hard to predict appreciation of a property and there are various factors outside of your control. (not looking at forced appreciation)

Welcome Igor! Let us know how we can help.

Hi Yehuda, we have been focusing in on student rentals and have been able to find cash flowing deals even with high rates. They are out there, but you will need to be creative one way or another to find a cash flowing deal depending on your market and the rates.

Hey John - welcome to the community. I'm not in your area so I cant suggest anyone specific to connect with, but for us, focusing on networking with other investors has always had the highest return on invested time for deal flow. I'd say to get as involved as you could with the local investor meet-ups and masterminds and let everyone know you're looking to buy. You'd be surprised the amount of leads that will come from a great network as opposed to focusing solely on wholesaler's lists.