All Forum Posts by: Mike Celli

@Jason Taliaferro great! That’s four of us. We might have a quorum. I am hoping for one or two more for a book club.

@Monique Boyce awesome!

@Michael Roblee. I agree with the previous poster, your expenses are too low. Property management will be 10% minimum. Cap ex and repairs and vacancy are all too low. Should be between 7-10%. If I were you I would be conservative withe these estimates so you don’t get surprised.

@Ed Newman welcome!

I am starting a real estate investment book club in the Washington DC area. If anyone is interested in joining let me know.

@Alvin Uy. Tax wise, i would look at a 1031 exchange on your profits from the flip or something called a debt service trust, which I just heard about in the Apartment Building Investing Podcast with Michael Blank, episode 166. The guy being I interviewed was Brett Swarts. He’s on BP and I believe a Cali guy.

Just listened to Brett Swarts interview on the Apartment Building Investing Podcast with Michael Blank. They discussed a very interesting alternative to the 1031 exchange called a deferred sales trust.  Seems like this would alleviate the time restrictions that come with a 1031.  I highly recommend you all take a listen to it! Episode 166. Great episode!

@Andrew Brown you’re killing it!

Here is the link to the listing, let me know what you think: https://www.realtor.com/realestateandhomes-detail/1801-4th-Ave_Richmond_VA_23222_M58993-12368?view=qv

Each unit is a 2 bed 2 bath