All Forum Posts by: Ken Naim

@Carson Wright i agree with Alecia, start in your own name, the s-corp for flipping and LLCs for rentals

@Aristotle Kumpis Hi Aristotle, I'm looking for a good lender on a 70% LTV on a $7.5m deal. Could you share your contact with me as well? TIA

@Dan Kim based on your response I'd start with house hacking in a distressed duplex to 4plex as you can get a very low down payment loan, even though you have the cash. Use the cash to rehab the units and rent them out. Then your ready for a refi. And you have your first brrrr. Repeat as your time and cash allow.

@Dan Kim Depends on your goal. Are you looking to be more active or passive. Are you looking for cash flow or appreciation. (Same question another way) What is more important cashflow or total return ? What area of rei interests you? What skills do you bring into investing, do you have slills as a trade or handyman, good at finding/analyzing deals, connections to bring in capital, can you qualify for loans, are you good managing people(tenants, contractors) etc.

I personally would do value add commercial real estate but that is based on my personality, skills and financials.

@David Murff the easiest way is look at deals online, start with loopnet and crexi. Know that many investors have passed on thise deals othrrwise they wouldn't be listed so dont be suprised if they aren't great.

Next check out tenx.com, ignore the low price it is just starting bid that is meaningless. The nice thing about the site is that they have a lot of due diligence done in advance. So you can review and get to understand what youll need and what it looks like.

@Jake Hart yes, thats the way to do it. A little vision and a lot of hustle.

@Jake Drappi definently some oppurtunities in areas already mentioned, also Wellington, stay away from belle glades, numbets look great till you get to the area.

Palm beach county has much fewer multi familys overall and are generally pricey, so you might have more luck in Broward. Martin county to the north should have better values.

@Jake Hart i love the idea. Let me know how it works out. I'm very curious and a little vested at this point :)

@Dustin Corbett When I look at a deal i aim to be 75-80% confident. There are always unknowns and crazy scenarios that will destroy your confidence which just paralyzes you. At the same time don't rely on the best case scenario. You sound realistic and this deal sounds good, just verify there are gotchas, leaky cast iron plumbing, cracked foundation, tenants to be evicted. Still not deal breakers, just factor into the cost.

@Dustin Corbett When I look at a deal i aim to be 75-80% confident. There are always unknowns and crazy scenarios that will destroy your confidence which just paralyzes you. At the same time don't rely on the best case scenario. You sound realistic and this deal sounds good, just verify there are gotchas, leaky cast iron plumbing, cracked foundation, tenants to be evicted. Still not deal breakers, just factor into the cost.