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All Forum Posts by: Account Closed

Account Closed has started 8 posts and replied 16 times.

Post: Invest in Panama fruit farms

Account ClosedPosted
  • Los Angeles, CA
  • Posts 17
  • Votes 5

Has anyone here invested in raw farmland in Panama (and/or Central America)? If so, I would appreciate your input on the best farm management companies and any other advice you wish you knew before buying farms outside of the United States.

Thanks!

Post: Omaha, Nebraska CONTRACTORS and PROPERTY MANAGERS

Account ClosedPosted
  • Los Angeles, CA
  • Posts 17
  • Votes 5

Hi Chris,

I am looking at a few small, multi-fams were built around the 1920s. Basically looking for full interior gut and reno (kitchen, bathrooms, new flooring, advise on other replacements needed).

Thank you!

Post: Omaha, Nebraska CONTRACTORS and PROPERTY MANAGERS

Account ClosedPosted
  • Los Angeles, CA
  • Posts 17
  • Votes 5

Hey Omaha investors!

Looking to buy a rental property in Omaha, NE that needs a full reno.

Would greatly appreciate your preferred contractors and property managers there.

Thanks!

Post: Omaha contractors and property managers

Account ClosedPosted
  • Los Angeles, CA
  • Posts 17
  • Votes 5
Hey Omaha investors! Looking to buy a rental property in Omaha, NE that needs a full reno. Would greatly appreciate your preferred contractors and property managers there. Thanks!

Post: Omaha, Nebraska CONTRACTOR and PROPERTY MANAGER

Account ClosedPosted
  • Los Angeles, CA
  • Posts 17
  • Votes 5
Hey Omaha investors! Looking to buy a rental property in Omaha, NE that needs a full reno. Would greatly appreciate your preferred contractors and property managers there. Thanks!

Post: Invest in Limited Partnership for Apartment Build?

Account ClosedPosted
  • Los Angeles, CA
  • Posts 17
  • Votes 5

Awesome, thanks for the help!

Post: Invest in Limited Partnership for Apartment Build?

Account ClosedPosted
  • Los Angeles, CA
  • Posts 17
  • Votes 5

Thanks for the reply.

1. Well the way they are advertising it is as "ROI"... So doesn't that mean:

ROI = (total profit - investment) / investment

So going with the projected middle ROI of 85%...

.85 = (total profit - 100,000) / 100,000

Total Profit = $185,000

--But are you saying the original principal ($100,000) can't be withdrawn on a refi?

2. So will I get 4% of rent checks too or no?

Thanks!

Post: Invest in Limited Partnership for Apartment Build?

Account ClosedPosted
  • Los Angeles, CA
  • Posts 17
  • Votes 5

Hello,

I was offered an opportunity to invest with an apartment developer.

So I would pay $100,000 for 4% interest in a 12 unit apartment build in a Limited Partnership.

I have just had a rental unit, so I am not sure about LPs...

The developer sent me this:

When constructed in two years, the LP will refinance the project. The builder's estimate of return on money after the two years is thus: when refinanced and rented out (builder estimate) an 80-90% return on investment and you would still hold your percentage of ownership.

-So my question.

1. Does this mean in two years my $100,000 will be paid back to me (let's estimate low at 80% ROI) so at refi I get a $180,000 check?

2. If that amount is correct, what are the taxes on a refi gain? STCapGains or LTCG??

3. Does my 4% still equal a part of the monthly rent...or what does that 4% represent after refi? Like will I get a 4% portion of the rents each month?

4. Has anyone used CheckaContract dot com for $199 for a lawyer to review a LP or similar contract?

Thanks for the help!

Post: NNN ground lease - 1st real restate investment

Account ClosedPosted
  • Los Angeles, CA
  • Posts 17
  • Votes 5

Any tips? Thanks!

Post: NNN ground lease - 1st real restate investment

Account ClosedPosted
  • Los Angeles, CA
  • Posts 17
  • Votes 5
I am looking to invest in commercial real estate for the first time. I found a 25 year ground lease for a Taco Bell and Starbucks. It is a 5% cap for Taco Bell and 5.75% for Starbucks. What are tax incentives on a ground lease since there is no depreciation? Just loan interest? I like the idea of collecting lease payments for 5 years, then when I get the 10% rent increase after 5 years, 1031 the property for a bigger NNN deal. I have considered an apartment complex investment, but really don't want the work that comes with the extra 3-5% cap. Thoughts and suggestions?