All Forum Posts by: Michael Kammer

So I am partnering with another investor on a property and was wondering what are some opinions from others out there on it? Full disclosure we have already gotten a place and get the keys next month. I guess what I am wondering is has anyone else partnered with someone on a place and did you guys have a legal document binding each other (i.e. rental income, profit from flipping, etc.) or did you just shake hands on it knowing each other are good to their word? We each want to start up own or separate LLC's in the future. This deal would be to help jump start us both in those ventures.

We are planning on flipping this place together and from their using the potential gains to help fund our other real estate investing goals. We do work with each other as well at the same day time job so there is that as well. 

Any advice on partnerships would be great!

Mike

@Jonathan Jackson

I'd also be down to attend a meetup and just hear other peoples stories, network and learn as I am getting involved more into real estate investing. I'm currently living in South Tampa area right now. 

This really helped clarify the BRRRR for me! I was stuck on the refinance part as well of it! Glad to have stumbled on this thread!

@Justin Elliott

Hey Justin! Congrats man on the first two places you got into! I’m just getting my toes in the water myself. I’m in the Tampa area. Haven’t bought anything yet but would love to trade stories or connect and here about your experiences so far!

Mike

Thanks Matt for the information! Helps me out for sure! Definitely am trying to stay away from HOA fees.

@Andrew Connor

Yeah I have also seen that too. Looked at a few online and a lot of them do need some work and are in bad areas. 

I'm wondering how well renting individual rooms out in a SFH would work in this area. I know I've heard of people doing that but also living there with their tenants. That is definitely not something I want to do.

@Alina Trigub

I will definitely look into those two books! Appreciate your advice!

I am signing up for every webinar they do on here and taking a lot of notes. 

@Matt Nico 

I have thought about doing that buying a duplex and living in one and renting the other. The good news is my wife is on board if we did decide to move into one half of a duplex should we buy it and decide on that. But I am leaning towards just pure rental of the unit. 

As for SFH's I had looked and saw that there are a lot more options here. In your experience how easy is it to rent out SFH's? And generally speaking are you able to get the same rent value you could get from a duplex with two units? I know location is an obvious factor as well.

Appreciate your help and insight!

Hey everyone! I'm just really starting to dip my toes into the Real Estate arena. I joined back in November but it took me some time to decide if I truly wanted to get into the game. Fast forward and two weeks ago I decided to immerse myself and really get into Real Estate. I've attended some of the free webinars and also invested into the Pro membership to replay some of the older webinars. 

Can anyone else give me some good advice on how to start in the Multi-family unit area? I have decided this is going to be my focus at first and just get good at it before I give focus to other aspects. I live in the Tampa area so I would greatly appreciate any ones help in this area or elsewhere! I would also love to connect with anyone and network as well. Thanks in advance!

@Justin Brooks I am in the same boat as you man! I am also looking into getting into multi-family units. I am in the Tampa area but definitely would love to connect with someone else who is just starting off in this space of multi-family units. Cheers man!