All Forum Posts by: Omaree G.

Hello everyone. I have been presented an opportunity to be a partial investor in a property, where I would be putting up 50% of the cash for down payment, closing, etc. The other investor would be putting up the other 50%, as well as manage the property. There is a 3rd party who will be financing the property, but does not deem it "fair" that us two investors get at 50/50 split on ownership. She would like to make sure that her share of risk is considered. Considering the facts, what do you think may be an ideal split partnership? 

@John Thedford So can you explain to be exactly how that would work on a buy and hold?

@Michael Ablan thanks for the reply. My next question is, how would the return work for the HML on a buy and hold? To my knowledge, they also want to have ownership in the property. I will verify again, but if that's the case I told them they would be better acquiring them property on their own. If they solely just want rental income, that's a different story.

Hello everyone! I'm looking for some advice from anyone who's had successful joint ventures on buy and hold investments with a partner who doesn't mind being a "silent partner" or hard money lender. I currently own a couple rentals already. So I have my feet wet. The other person wants to get in real estate, but doesn't want to take on a lot of the risk that I am willing to take on. Although, they are prepared to invest financially in order for some ROI. What are some of the better approaches we can take in the market for us both to capitalize on an investment and work out the legalities?

Hello. I’m currently located in Virginia Beach and interested in a property in my hometown in GA. The seller is offering “seller financing” to qualified buyers. I have yet to speak to the seller, but I’ve done some research on negotiation options and promissory notes that may fit my financial situation. I’d like to know what you all may be able to add or educate me on. Also, is it typical for my self, the “buyer”, to rent out said property under these seller financed conditions? If so, what are some pros and cons of the transaction and deal, as a whole? Thanks.

Would I only foreign qualify it in GA or in VA as well?

Hello. I live in VA and intend to buy property in GA. I currently hold my rental in VA under an VA LLC. Is it best for me to open a GA LLC for the GA property or can I transfer the GA property into the VA LLC after closing? Any info helps. Thanks!!

@Ashish Acharya Thanks. That was great information. That gives me a basis of how to approach many things from this point. I appreciate it. 

Hello! I just recently purchased my first buy and hold investment property. Currently, I am in the process of transferring/titling into my LLCs name. My first question, in your opinion and experience, what are some immediate issues and/or changes I may need to tend to or make, following the finalizing of the transfer., i.e., paperwork, legal issues, taxes, etc? Secondly, does the process of filing my taxes and claiming interest/real estate taxes paid, differ from that of my primary residence, considering it will be under the LLC name and will I run into any issues since the transfer was made from my name to the LLC during the mid-year?

Hello! I just recently purchased my first buy and hold investment property. Currently, I am in the process of transferring/titling into my LLCs name. My first question, in your opinion and experience, what are some immediate issues and/or changes I may need to tend to or make, following the finalizing of the transfer., i.e., paperwork, legal issues, taxes, etc? Secondly, does the process of filing my taxes and claiming interest/real estate taxes paid, differ from that of my primary residence, considering it will be under the LLC name and will I run into any issues since since the transfer was made from my name to the LLC during the mid-year?