All Forum Posts by: Kamran Pirwani

Thanks for the feedback here everyone. My takeaways are:
- LLC does have financing options available, which I will explore before making an offer on another property

- a 4% CoC return doesn't make sense if I'm not owner occupying given there are other investment vehicles which will be more passive and less overhead

I'm going to back out of this offer and take some time to work with folks in my area to find better offmarket deals.

Thanks a lot everyone!

Thanks for this feedback Ned. You're saying 4% CoC is terrible given I'm putting cash or just in general? I didn't see any properties I could find in decent areas which were doing more than this for the past few months

I am under contract for a property I am buying in the Memphis area for $220k (cash). It's giving a 4% CoC return, and I am considering the idea of just putting enough money down for it to break even on expenses (will need to put $110k down instead). The reason for buying cash was to put it under my new formed LLC. Can I get some strategic input here on if I'm thinking about this right?

If putting under LLC:

- Get more protection

- Tax benefits

- More difficult to get lending or my initial cash out

If putting under my name:

- Liability risk

- Easier to finance/can get my cash out and buy more homes quicker

Any thoughts here?

Hey folks!

I just wanted to quickly introduce myself, my name is Kamran and I've lived in the suburban areas on and off for a handful of years. My background is in tech, I own a few different businesses in that space. After a ton of passive learning the last two years, I'm ready to finally jump in and make some magic happen. My goal for this year is to purchase 2-3 SFH or 2 MFH's, priced between $120k-$285k in the Memphis area, 50% down or all cash depending on the property. I'm looking to optimize more for CAC vs. appreciation for the first few pieces in the portfolio, interested in some of the other peoples strategies in the area. I'm still really navigating which areas/neighborhoods to look in vs. stay away from, any thoughts here would be really helpful!

I'd love to connect and get to know some lenders, investor oriented real-estate agents and contractors familiar with the rehabbing process, really anyone and everyone who's excited about RE in Memphis and wants to chat!

Hey everyone, I'm just getting started looking for a multi-family home in areas I would prefer to live in and be owner occupied: Dallas, Houston, San Antonio, Austin, etc. I've actually not set any filters and have just been trying to find certain properties with cap rates > 6% under $800,000 nationwide (just to evaluate my ability to find/audit a given deal). Over the last week, I've looked at over 1,000 properties. Around 3% of those actually passed the 1% rule, but it was because they are mostly in developing areas which have a lot of associated crime/break ins. When following the 1% rule, a lot of properties fall within 0.5% of that and are very cash flow negative when plugging into the calculator. I've tried "configuring" the deals in a variety of ways, 40% down, less interest, significantly lower listing price, but a lot of the numbers just don't align for it to be cash flow positive.

I'm going to keep looking, but wanted to make sure there wasn't something I was overlooking or glaring. Is this because we are predominantly in a sellers market?