All Forum Posts by: Paul OBryan

Thank you, @Sam Collins and @Scott M.

I appreciate your feedback. We are not local, but my wife already met one of the tenants during a earlier walk-through. Great advice on info to include in a letter & email to them. 

Paul

Thanks, Brad. I really appreciate your comprehensive answer.

My wife and I just closed on a condo in Albuquerque. There are legacy tenants, paying below market rents, in the unit for the next two months. I want to both introduce ourselves to them and also highlight their upcoming end-of-lease date. I was going to send an email to them but am wondering what's the best way to word this. 

Thanks!

Paul O

My wife and I would like to speak to a MB about financing for rental properties in ABQ. We would like to talk with a broker before we reach out to lenders. Please let me know if if you are one, or know one.

Thanks

Paul O

Hi Marc

My wife and I are investors from Los Angeles who love New Mexico and visit friends in Santa Fe frequently. I also worked in ABQ a few years back. We are looking for rental properties in ABQ and would like to be a part of the group you're putting together.

Thank you

@Mark Senecal

Hey Mark, I came across your post doing a search on Keyhole Academy. Did you ever move forward with them?

Thanks

Paul

@Steeve Breton @Omar Khan @Vinay H. @Alina Trigub

Thank you all for your great insights and advice.

@Michael Plaks 

Michael, thank you for your reply. Talk to an attorney and lender, and don't cut corners--excellent advice. Much appreciated.

@Lane Kawaoka What do you mean by joint venture? How the partnership is set up?

Thank you @Steeve Breton and @Ashish Acharya.

Steeve, that makes perfect sense... if it's not an investment property, but if we document it as an investment property per Ashish's tax savings suggestion, would we still go the LLC and operating agreement route and avoid the word "syndication"? I guess, setting up a "trust" might be the answer?

Either way, talking to an RE attorney seems like a smart strategy.

Here's another question, which I should have asked as part of my first query (and maybe should post it as a new forum entry): 

Can we get conventional financing with this "investment trust" and put down 20-25%? Asked another way: What kind of partnership entity would be the best to get conventional financing?

And if we cannot get conventional financing, could we get some other kind of financing? 

Thank you