All Forum Posts by: Tj Hines

@Yosef Lee  this is simple my friend. Keep them all separate even though they may run congruent with each other. Now if you're creating a podcast or a meetup and you don't plan on making money, not sure if forming an entity would be needed here. 

@Jordan Santiago

But do you have acquisition/asset managers? (Yes) Secretaries? (No) Cold Callers? (You can hire VAs)

How do you compensate them? (VAs are hourly! Asset Managers all performance based.)At what point did you bring them on your team? (Brought acq. on fairly early to assist with the deal flow) How did you find them?(Created my own multifamily meetup in my market and the relationship happened organically through my meetup)

@John Hamilton  payout every month or every quarter, your choice. Pref are 6-8% in this market. That's normal! Avoid buying strictly on appreciation or at retail value. That's a clear no no. Buy for strong cashflow in the market we are in. Refinance can be 2-5 yrs just depends on your model and exit strategy. 5-7 yrs is the typical hold time to get the numbers to work but can push out to 10 as well

@Simon Hernandez the interest rate sounds high for what we are seeing in the market. Need to be around 3.5-4.5 for fannie and freddie. For a local lender maybe 5%.

@Shafi Noss not sure if it's worth paying someone to be your registered agent. You can simply file online. We have a holdings company in Wyoming. Very simple to do. You can do it yourself and save hundreds. It literally only takes about 20 minutes or so

@Justin Hayden dude you already have the right thinking. House hack your way to wealth. SFR are a waste of time and money, until you can afford to have someone else pay for it, if you know what I mean. Good luck.

@Molly Murphy there are many benefits to investing passively or actively. In my opinion, I think the benefit of being active leading the syndication has more benefits.

It really all depends on the individual and their financial goals and how quickly are they looking to achieve them

@Justin Ramirez, have you considered house hacking? House hack a duplex, triplex or quadplex. Live in one unit rent the others out. Keep your expenses low and basically live for free while your tenants pay down the principal. This will work fine with a VA loan.

Hi @Ryan Verbist! Congrats on graduating. Big deal!  Whatever you do don't invest that 100k without getting a solid foundation first and foremost. That would be your education in whatever niche you decide to participate in.

Knowing what I now know, I would jump straight into multifamily. Maybe even a syndication which will allow you to achieve your financial goals much quicker. Invest passively in a deal 1st. Be sure to invest with an operator who has morals and a track record. If the operator doesn't have a track record, then vet the team who he is aligned with. The team is key. Learn the ropes of what to do and what not to do while investing passively, then move onto syndicating your own deals.

@Cathy Wang, if you used traditional financing to buy the property, then seek out the same lender to see what they can do for you, or any other local community savings and loan banks in your area that specialize in commercial financing.