All Forum Posts by: Oleg Shalumov

@Jasmine Vigo are you interested in being an active or passive investor? 

@Aaron S. I would go with #1 or #3 

@Jason Thomas if all of the investor would be active (having a specific role) in the deal then you can check with you attorney if JV could be created. If the investors are passive (which sounds like the case) then it would be a syndication. You would need to check with your attorney for details on setting that up.

@John Lane I would recommend starting with deciding which of the wide range of real estate strategies you want to choose:

Rental

Flipping

Investing in notes

RE Agent

Lender (HML)

Investor (in other people’s deals)

You could search the blogs here on BP for any of the above to read on each and once you know strategy you are using ask you question here again - I am sure more people would be able to recommend books in that field of real estate. 

@Matthew Choi Hopefully someone will respond here, but you could also search websites like apartments.com and check the properties with similar size and notice who are managing them. 

@Shannon Richardson both NY and NJ are tenant friendly states so there is no difference of investing in one or the other from that perspective. 

If you could househack in each state, I would suggest buying where numbers makes more sense. 

@Pete Harper it is doable if market supports it, but it will take some time  (only could be used for new tenants) - meanwhile you will be loosing money. 

@Pete Harper first of all numbers does not add up right. 

Even if they are right, this property is loosing more than a $1K a month and you are asking if you should buy it ... you like loosing money :-) or there is something in this deal that you are not telling us here ?!

@Elizabeth Knapp Pantaleo bundle loan would be propbably the best solution, with the line of credit against the properties. I would not suggest going for 3 years loan, but strongly suggest going for longer terms (7-10 year min). 

You could also get a HELOC on the property that have the largest equity. Small local banks or Credit Unions would be happy to help you with that.

@Derek Morrison furnished units usually are good for vacation, corporate, student rentals. 

It is more similar to hotel/motel rental as well.