All Forum Posts by: Nick Ho

Rare 1% Off-Market 7 Triplexes of 2bd/1ba in Palm Bay, FL 32905, for a total of 21 units. Fully occupied. Cash flow day one.

$2.3M, Cap rate 9+. Value to gross rent 1%.

Current rent 30% below market. Great value-added properties with massive potential.

1 minute to intercoastal. 5 minutes to I-95. 10 minutes to the ocean. Between FL Institute of Technology and L3 Harris

Palm Bay is in middle of an explosive growth.

Option to split the deal, get 3 triplexes for $986k or 4 triplexes for $1.314M.

Not Seller Finance

Serious Buyers only

[email protected]

If the numbers work, go for it. I live and invest in the city. My properties are class C, for the working folks. The city is growing so the market is at its peak right now, same as most everywhere else. I still keep an eye out in the city and surrounding area for deals too. Nick

Thank you for giving me the head up about passive income. Forgot about that.

@Dmitriy I will sure PM you soon.

Best

Congrats!!! Wish I could be some day.

I am new to BP and this is my first post. I want to take this opportunity to thank all members for all the topics that I have read on these forums these past couple days. Wonderful stuffs and tremendously helpful.

Me and my wife have 4 LLC's and each has rental properties producing passive income. We also have rental properties outside of those LLC's too. I have a full-time job with a 401k. My wife have a part-time job with a Simple IRA.

We plan to open two Solo 401k, husband and wife, and fund it using distribution from the LLC's, is that ok? I also plan to roll over our old 401k accounts to these later too.

Or, does each LLC's have to sponsor separate Solo 401k for me and my wife? That means 2, husband and wife, accounts time 4 LLC's make 8 separate Solo 401k accounts. That kind of set up with small funding chunk everywhere, is not very conducive to making investment.

Thank you for any info you may offer.

Nick