All Forum Posts by: Mike B.

@Taylor L. I’ll have to do more research and get a better understanding of syndication then , I just never really thought of it as an option . I personally like to know what I buy , analyze it , see it , drive by it , it could be an ego thing . But overall , if a syndication brings in a few percentile less than if you had to do the deal yourself with your time and sweat , I’d be a fool not to educate myself more on .

@Rick Martin I haven’t yet but I’ve heard bits and pieces from the videos of their book , and did some research on similar things .

I have a salary but i keep time to check on rentals , rehab them , clean , touch up , rent them out , look for new properties constantly ,  if not by the hour . I spend roughly 30-35 hours a week on all that along with analyzing deals . 

Natalie Kolodij 

Ive actually been listed as a real estate professional 2 years ago . I make more in business than i do in real estate . Yes , i need tax strategy to plan ahead by year or 2 so i know what to buy or not buy regardless if its property or equipment or whatever it may be . All my properties cash flow  

Ive been reading into the Robert  kiyosaki / Tom Wheelwright Podcast lately and i'm intrigued into being able to convert business income to passive income and potentially  paying as little taxes as possible , I wont go as far as to say Zero taxes like they do but that would be nice . Any recommendations ,  I've heard they are charging from 7-15 k just to talk to you and some panning , not including doing the Tax return .  

Just curious , Ive only known conventional lending for the retail commercial buildings i have and some SBA for specific parcels but what are the better type of lending options and banks  for Multi-family for these kind've units where it makes a great deal of difference between 20 and 25 year Amortization  or even 30 years if possible . And lending with shorter seasoning periods where you can refinance quicker , maybe that has to do with negotiating with the bank but why not ask bigger pockets . My average commercial deals range around  1mil with your average 20 year amort and 20% down / 3 year pre payment penalty ,  5 year fixed and 3 year adjustable until it balloons . Just want to get your opinions on lending as that is very important . 

helpful post , I appreciate it

Ronan Donnelly , you have a good point . I haven't done too much research on syndication but  from what I understand  , and correct me if i'm wrong . You don't get the depreciation , the return is minimal 4-6 % , still better than banks , but the money is tied up for years ,  you can't leverage it or refinance for another deal whenever you need . The sponsor may not be the brightest . Just listing a few factors that are kind've important . My goal is to make my passive income equal to or more than my business income which isn't easy but its my goal in the next 8-12 years 

Jeremy Garrido- people have recommended to me to buy single family but i think for me , waiting for the right  multifamily deal even if it'll take a while will be better for me . 

Hey everyone , I'm new to the forum and i've enjoyed the vast amount of education that Bigger Pockets has to offer . My question is , Im looking for 24-50 Unit Multi-family apartment complexes , the market is over priced and anything that comes up isnt even close to making a 15-22 % ROI . What should I do , save cash and Wait till the market stabilizes a little in a year or 2 ( hopefully ) or invest in a different department like retail commercial that may yield 8-10 % ROI ? I have multiple retail buildings and i have been wanting to invest in larger multi-family units for quite some time . Where should i look for deals , Off market ? Drive areas , look for address and write them ? Contact every Broker ? Loopnet ? I know the answer may be to do all of them but I run a few business and that is my main concern so i cant invest too much time from that and affect my primary income. Any Thoughts