All Forum Posts by: Account Closed

If you work a corporate job your company likely sees your time as a company resource. I don't share my activities with anyone so I don't give even the slightest appearance of impropriety (using company resources). If you don't have any expectations for career advancement then pushing the boundaries would be acceptable, however, if career advancement is your goal then sharing an outside interest which could detract from your job is usually not wise. I need my W-2 income for stability and to support my real estate goals. The more I can advance in my corporate job the more money there is to support my goals. As a result, I keep my activities private and tow the company line.

refer eligible just means the loan is borderline. It is eligible for delivery but needs to be manually underwritten. if the borrower had a foreclosure there are seasoning requirements on the timing (waiting period). 2 and 3 years for 80 and 90 LTV respectively.

It would be difficult to find construction financing for a spec build without a GC with a track record attached to the project. You may have the right idea with building a personal residence (easier financing) as a way to test the waters. Sell after two years and take advantage of capital gains exclusion. Rinse and repeat on a personal residence until you feel confident about building on spec or until you have the money to personally guarantee financing. That's how I would kick things off!

There is a ton of new construction multi-family going in Detroit right now in burgeoning areas. I have looked at numerous deals (cheap dirt) and going in cap is around 10 percent for new build. Most of the exit options assume some sort of cap rate compression in the coming years which I don't see happening. The pro formas are so sensitive to cap rates if the market moves sideways the next five years you are left holding the bag. After a year of bird dogging I decided I didn't have the stomach for the risk in this hot asset class.

I have negotiated and purchased HomePath properties and they all use the automated bidding system with a structure including various rounds ending with H&B. Seems suspicious the realtor took these negotiations offline.

Thanks- no CAM license requirement in my state. This opportunity may not be the norm, but 2k/ month to manage a few contractors for common areas (entrance landscaping, pavings, etc) seems lucrative to me.

Starting this topic with another thread title to generate more interest! 

Anyone have any success in carving out a niche in property management of subdivisions, condominium associations, etc. for an HOA? I have not seem much discussion in this forum and this seems almost like passive management. I am going to present a proposal soon to a community and it seems like it require less than 10 hours per week to manage. The board has in house counsel (no legal matters to attend to), and manages the bidding for new maintenance contracts. In short, it seems like it would require only attending board meetings once per month and managing ongoing maintenance requests for the community and general upkeep (for example landscaping). The relatively small community is offering 2,000/month for a service provider. I think there are some great opportunities to automate most of the maintenance requests through digital tools (submission forms) that would minimize relentless phone calls. It would seem easy to find a virtual assistant to triage and route maintenance requests. Any thoughts from an experienced manager in this field on things I I might not be thinking about?

Anyone have any success in carving out a niche in property management of subdivisions, condominium associations, etc. for an HOA? I have not seem much discussion in this forum and this seems almost like passive management. I am going to present a proposal soon to a community and it seems like it require less than 10 hours per week to manage. The board has in house counsel (no legal matters to attend to), and manages the bidding for new maintenance contracts. In short, it seems like it would require only attending board meetings once per month and managing ongoing maintenance requests for the community and general upkeep (for example landscaping). The relatively small community is offering 2,000/month for a service provider. I think there are some great opportunities to automate most of the maintenance requests through digital tools (submission forms) that would minimize relentless phone calls. It would seem easy to find a virtual assistant to triage and route maintenance requests. Any thoughts from an experienced manager in this field on things I I might not be thinking about?

Before you review Rule 506 to find out about exemptions from securities registration you should start with the original securities act (1933). Securities and an "investment contract" is defined therein. Also, the SEC uses the "Howey test" to determine if your offering is a bonified security requiring registration (see SEC v. W.J. Howey Co).

I would feel 100 percent confident defending my tax position despite my home office not having a door.