All Forum Posts by: Michael Rone

Hello BP Community!

My wife and I are getting started and already have some deals in play. Question now is, what is the best route to take as far as asset protection, while also maximizing the amount of loans we can get.

My understanding is that we can each take on 10 conventional loans (so 20 in total). Issue now is we plan to have these properties in a Land Trust, which is then put into an LLC, that will be under an Umbrella LLC.

Are there issues with this structure if we are getting these loans separately or would we need to get them jointly as we own the Umbrella LLC together?

Hi @Stephan Kraus!

What is your strategy in the Vegas market?  We were trying to do multifamily buy and hold rentals but we are seeing that the numbers just don't make sense for us to cash flow at 10% cash on cash.  We've analyzed about 20 properties so far and we're getting anywhere from 4-6% cash on cash returns.

Anyone have any recommendations on Insurance brokers for multifamily rentals in the Vegas area?  We are from California and looking for someone with expertise in the Vegas market.

Thanks!

Hi everyone. My wife and I were looking into the Houston and Las Vegas markets for real estate investing. Trying to get some feedback from investors on what draws you to either Houston or Vegas, what are some positives and negatives about each market that you have come across?