All Forum Posts by: Mahmoud Y. Elhalawany

Hello there everyone. I was wondering how many different equity partners could one have at any given time? I have a main partner currently, and I love working with him. My question is if I wanted to partner with different people on other deals or something could I do that and still maintain my partnership? Is there a limit to this? Is it frowned upon to have many partnerships? 

Thank you so much 

Nick, I agree with Adam, go to the local RIA meetups, I too am a newbie, I take classes at the Triangle RIA, they are excellent and you meet a lot of good people if you go to the main meetings and big networking sessions. I am looking to invest in Greensboro, so I have started going to the Triad Ria (Greensboro, High Point, Winston Salem).

Thanks Alex, are you using Excel or a more real estate oriented software package? And are you placing the capital expidentures in separate bank accounts from say the vacancy funds? 

Hey guys how do you keep your capex/vacancy/repair/reserve accounts? Do you guys create a different account for each property to keep track of it better? Do you keep different accounts for capex and a different one for vacancy? One for small repairs perhaps? 

Thanks so much

Really cool deal! Congrats!!

Hey guys I was just wondering what the state of North Carolina categorizes income made from wholesaling as. Is it earned income or capital gains + self employment?

Thanks Meg!

Hey everyone I am meeting with my realtor tommorow. What questions should I ask her pertaining to my farm area? I am in Greensboro NC. There are 7 colleges in the city, and a large hospital. I am going to ask her about unemployment rates, net migration, zip code with the most cash sales, where the other investors are investing, new business development, and average price tables by zip code. Is there anything else I should ask her? I'm a newbie and this is my first time doing this. 

Thank you everyone for taking the time to read this. 

 Thanks for the information Micheal! No we haven't done it yet, it is something we are considering doing so we can generate money to buy rentals (specifically a 4plex). We have the money right now to actually purchase one either with an FHA203K loan or with a conventional loan if we can find one in good enough shape that cash flows after all expenses. But we are considering leaving our jobs to flip homes and use some of that cash to buy these rentals. I just do not think that after taxes, holding costs, time to flip etc we would be making good money, we are trying to find the most optimal way to do this. We even considered wholesaling, and then acquiring a single family in December of this year and taking the early winter months of 2020 to do the rehab so it would hit the market around April. The whole point in us flipping/wholesaling would be to generate money to slowly buy small multifamily properties. 

Yeah that makes sense the prices there are really high, Thanks a lot for your help Natalie!