All Forum Posts by: Lawrence Mangalindan

 @Account Closed

Sorry for the confusion, right now I don't plan to syndicate or partner with other investors but if I do, I will just do a cash out refi to pay them back.  My strategy is to save my earnings from my side businesses and build equity from the sfh properties I acquire.  But I'm also thinking how do I save them without getting taxed big aside doing a 1031... My main goal to own a one multi family in 5 years it's just my plans are still a little screwed.  Other suggestions are welcome of how I can solidify my plans..

Hi guys newbie here, I'm considering doing a multi family. My goal is to raise $2 million (down payment) in next five years through my commission based businesses and lease option fix and flip on SFH or build equity on properties. I am still educating myself about it but please give me feedback about this strategy and feel free to suggest how else I can fundraiser for down payment. Thanks!

This site is great!, the podcasts grew my desire to get into investing going towards financially independence.  Based on my extensive research, I've decided that I'm going to niche on rental properties in either Indiana, Tennessee, or Texas and my goal is to get at least 10-20 this year.  I'm a real estate broker also starting out, I get clients here and there but I don't have a job where I'm receiving regular paycheck and so far I've got a bruised credit around 580 due to student loan and a hospital bill and I've been clearing my other debts.  I really want to take action and I don't want my credit situation get in the way of financing so can you guys suggest what else can I do to set up my financing? I would truly appreciate it.  I'm also gonna pick up the "No/Low Money Down" book as well.  Thanks!

Hi everyone,

Newbie here, I recently figured out that I'm gonna niche on Rental Property to get my feet wet on investing because I'm after the cash flow. I know it's all gonna depend Property Tax, CMA's and other outside factors but I just want to know when comes to analyzing deals how much should the sales price be, taxes, interest rate etc. for a multi-family (2 or more) units if you want to get a 6-12% cap rate, at least $100/door. Please give me a ball park here assuming that you are gonna use the 50% rule. I'm trying to get one on a decent neighborhood here in Chicago and Chicagoland Areas and a lot of apartment buildings are real expensive. Truly Appreciated!