All Forum Posts by: Nate Santillanes

what types of projects are you undertaking - single fam vs multi, number of units per year? full time work or more sporadic? 

Hey Alex, would enjoy connecting. Shoot me an email at [email protected]

I have 24 units over 2 properties as well as a third mixed use opportunity in Northern CO, email me at [email protected] if interested

there is a monthly get together in Windsor, badass real estate investors or something to that affect, worth checking out. I can't make it tonight but would like to join you guys in Loveland sometime as well.

I have a duplex in Greeley near UNC and we’re considering putting on the market in a couple of weeks. Contact me if you’re interested and timing is right. 

As the subject questions; what is the most effective tax strategy during the buy and hold growth phase? While working to grow and add additional properties, would it be a good idea not to report any expenses to your CPA, versus reporting all/as many expenses as possible in order to reduce your tax burden? All of the topics I've researched here cover how to reduce the amount of tax you pay in regards to your RE business, but that can hinder ones ability to obtain financing. Of course lenders want to review two years' returns, and the more profit showing on your returns the better when calculating DTI.

I am working to find the proper balance in order to continue growing my portfolio. 

Great topic. I see some advisors say you need to be making good money at your career - $100K+. It seems if you'd like to go another route (or finding a $100k job in your 20's proves impossible) the consensus is to begin flipping and move that capital into solid buy and hold properties. I put myself in a similar situation to Daniel, but I know Bryan and James know what their talking about here.
I've seen James story; Bryan have you touched on this in other posts, or how exactly did you first get started?

I'm an insurance broker and wont even consider writing anything below $1mm liability limits. A million bucks doesn't go very far these days if things get bad! Often the most expensive part of a claim are the defense costs.

@ Will Barnard specifically on his comments, why should one avoid leverage? What problems might you run into using too much leverage?

No one should strong arm you to make a decision, and there are no requirements I am aware of to having all policies with any one agent. If they make this a requirement that is a business decision they have made individually... and probably not the agent I would prefer.

That is a good recommendation by the agent, but I would go your route of having the seller add you as an Additional Insured instead. Should be cleaner as you suggested.