All Forum Posts by: Matt Maupin

@Jielu Zhao

Im not a CPA, but if the transfer price is $10, you would only have capital gains if you paid less than $10.

@Jielu Zhao

Deed the properties into you or your wife's name, refinance the property then warranty deed it back into LLC name.

@Russell Brazil

One thing that hasn’t been mentioned on this thread is that Freddie and Fannie are also the go to lender for multifamily operators purchasing stabilized assets with long term fixed rate financing, not just single family homes. I read that both have reduced their lending caps to $70B each, down from $80B in 2020. More importantly, 50% of this balance must be committed to mission-driven and/or affordable housing, which is up from 37.5% in 2020. If the agencies continue to see record-setting deal flow, then more conservative loan term loan terms and higher rates will be quoted in order to control volume. This will likely have an impact on cap rates and I am curious to see how it all plays out.

Here's a different twist. I like to do out-of-the-box thinking... If you have a guaranteed $10k/mo, I bet you could find a buyer for that income stream and if there is no physical asset, tenant or management risks, that is safer cash flow than a NNN investment. Obviously one would forego appreciation and have to deal with inflation risks which I expect to continually increase over time.... But!

I do think you could find a buyer for that income stream and sell it for more than $1M.

Just for fun, I looked at buying myself an annuity that pays $10k/month and the price is $3,281,261.

So, my answer would be take the income stream, capitalize it and the invest.

I have 800 FICO mortgage scores and just locked 2.5% for NOO (investment) cash-out 30 year fixed on 5 deals. I would assume you can get better for primary residence.

Bump

What’s up BP?! With interest rates at an all time low, it’s a great time to refi. I own some properties in the Denver MSA and am looking to do rate and term on 9 properties and cash out on 6. Mostly single family and a few multis. I have a few more I might throw in the mix if we can get the numbers to pencil. I’ve been working with a mortgage broker for several months in an attempt to accomplish this, but it doesn’t look like he will be able to perform. The properties are split between my wife and I and we are able to keep each borrower under 10 loans (for now) so we should be able to get Freddy or Fannie loans. Both of our credit scores are over 800. I need an extremely experienced mortgage broker to help us out. Unfortunately, I’ve learned the hard way that it’s just not worth dealing with inexperienced folks. If you know anyone that you have worked with that provides excellent service and has 20+ years in the industry, I’d love to reach out to them. Thanks in advance!!!

@Jeremy Hamel if cash for keys is not working, you can also see what charities/programs there are to help her pay her rent and point her in that direction.

@Richard Prillerman it depends on how actively involved you want to be. I am levering up my single family portfolio as well. I will be using proceeds to double down into my own multifamily syndications. It shows our money partners that I am willing to invest in deals that I am raising money for (congruency).

But, if you want to become less active, you can build a relationship with several syndicators and invest more passively. It really depends on your goals.

Tax liens are good in some states. You could also do development. It really does depend on your goals and where you see yourself in 5 years. You may want to spend some time thinking about that before making any big decisions.

Best of luck.

@LaShanda Friedrich One option would be to sell the park owned homes to existing or new tenants on an installment land contract or just owner finance them. ILC would be better because if they stop making payments it’s easier to evict then if you were just carrying a note.