All Forum Posts by: Kesha Hamilton

I am looking to start investing with a partner and would like opinions on whether it would be best to be under the same LLC or would it be best for each of us to form our own independent LLC and partner (or JV) that way? What are the pros & cons of each?

Hello,

I have an opportunity to purchase a 8-bedroom/8 bath fully furnished property that was once used as a senior care facility. The tenants had to have certain physical capabilities so they could manage somewhat independently. 

I was initially thinking to purchase it and use it as co-living space for workers at a nearby auto-manufacturing plant, but am considering what other uses would make sense. A senior care facility would likely involve more rules, regulations, and red tape. It would also involve having to manage a staff of cooks, runners, nurses/doctors, admin, etc. 

Housing for workers or even Airbnbs could be less lucrative but have less overhead because the tenants are self-sufficient. You're just providing a place for them to lay their heads. I also considered student housing.

-What are the pros & cons of these options- senior housing vs Airbnbs vs student housing? I know all come with downsides, but which would you choose to deal with? 

-What are some other potential uses? 

 Hi, are you still available to share this information? I am looking at potentially getting into this arena. 

Hello,

I am in the process of acquiring more property for passive cashflow. The more I think about it, I am leaning towards doing owner financing instead of a rental because it may be more beneficial, but want to be more insight on anything I may be overlooking. With owner financing, I wouldn't have to worry about property maintenance, the income would be more stable because I'd be dealing with an "owner" as opposed to a renter ie less turnover, I don't have to keep up with taxes & insurance, etc.  Overall, it just seems like a more stable strategy with less headache. 

Are there any downsides I may be overlooking? I know one is not being able to take advantage appreciation of the property and loss of equity. 

And for those of you who do owner financing, are you the point of contact should the owner need to contact you? What are some systems you have in place for payment collection, correspondence, admin, etc? 

 Thanks; I'll reach out to them!

Hello, I am seeking a hard money lender for a few TN purchases. Please let me know the requirements, what documents you need from me, and the terms/parameters of the financing. 

Hello, I am seeking advice about fair percentages of a partnership. What do you all think is fair percentage for a partnership with these individuals?:

Person 1: Little experience, limited time, but will be investing 80-90% of the funds for acquisition & rehab of the properties

Person 2: Has 20-25 years of real estate knowledge & experience, will be investing 10-20% of any needed capital, can find & analyze the deals, devote the time/energy/legwork, manage any renovation projects, has a database of buyers/sellers, holds a RE license

Thank you in advance! 

Maybe a job site like indeed.com? 

This is a lot of excellent information! I am reading all of the comments and digesting it all to see if I have more questions. I appreciate everyone's input!