All Forum Posts by: Max Pallatt

While not deeply experienced in LLC world here in California ( you can read into that anyway you want ), I feel its too early for you. However, I second/third the opinion that a $1m umbrella liability policy is worth its weight in sleep-filled nights, if thats a thing. Lastly, practice, consult with BP, "ask around" TO MAKE WATER TIGHT LEASES. Train those tenants and insulate yourself in writing, and you'll sleep even better at night..

I'd join if I wasn't in LA tomorrow.  Thanks for the post !

HNY BP !.... What small and midsized out of state markets are you investing dollars in small to mid sized multi-family ?  Is Detroit, Indianapolis, Dallas, Houston on your radar ?  I'm also looking at Jacksonville, the Space-Race Corridor in Florida, Little Rock, among others.  Thanks for your reply and I'd love to connect with you as we are ready to assemble teams asap !

Cody. Hungry for info or your news on Houston. Thx for reply

Hello BP
I am researching this diverse and resilient market for med - large mf acquisition but am reticent.  A large, diverse economic base, good infrastructure, great landlord friendly state and ..... ?  What do you like about Houston ?  Do you know any good local lenders and pm's ?  Thanks BP !

I am researching several markets for med to large mf acquisitions.  Jacksonville keeps emerging.  What do you think ?  why ?  do you know lenders and pm's there ?  Thanks for your input BP !

While I reside in LA, I am targeting markets with apartment owners out of state. BP community, any suggestions as to where or how to find such online communities ?  Thanks so much !

.. I've made a few RE mistakes in my days and, although not my current profession, I'd like to think I've learned a lesson or two in RE. That said, I came across this possible deal but am not sure where to start. So... where to start ? .... In short, I know someone who is about to come in to several sfr's. This person is distressed and wants to retire upon the inheritance and sale of some/all these properties after the imminent passing of the current owner, a relative. I want to quickly be able to pounce on this opportunity when it arises...

I want to offer to buy all 5 but am unsure the finance route I should take. I have access to capital through a family loan for a down payment, monthly coverage and repairs but am wondering if I am going to have to qualify for and get approved for individual loans for each property, or if there's such a thing as portfolio loan or commercial loan product out there that would cover all 5. I would live in one property and manage the others but none would hit the 1% point from day 1. Am considering partnering up which opens up a whole can of worms as I'm not sure how to structure that kind of deal..... I do not know the state or condition of these properties but knowing the family, they are probably not in total disrepair.

Any and all suggestions and ideas would be greatly appreciated, BP Community !

.. I've made a few RE mistakes in my days and, although not my current profession, I'd like to think I've learned a lesson or two in RE.  That said, I came across this possible deal but am not sure where to start.  So... where to start ?  .... In short, I know someone who is about to come in to several sfr's.  This person is distressed and wants to retire upon the inheritance and sale of some/all these properties after the imminent passing of the current owner, a relative.  I want to quickly be able to pounce on this opportunity when it arises...

I want to offer to buy all 5 but am unsure the finance route I should take.  I have access to capital through a family loan for a down payment, monthly coverage and repairs but am wondering if I am going to have to qualify for and get approved for individual loans for each property, or if there's such a thing as  portfolio loan or commercial loan product out there that would cover all 5.    I would live in one property and manage the others but none would hit the 1% point from day 1.  Am considering partnering up which opens up a whole can of worms as I'm not sure how to structure that kind of deal..... I do not know the state or condition of these properties but knowing the family, they are probably not in total disrepair.

Any and all suggestions and ideas would be greatly appreciated, BP Community !

Thx Travis Art and Alex. Morningside seems compelling. As a follow up, and a tilt of your hand, if you had unlimited resources and crystal ball, are there any neighborhoods you have good hunches on ? I understand what I’m asking. Thanks for your input as I’ve got DETROIT on my map and any/all input is much appreciated !