All Forum Posts by: Paul R Schiller

@John Woodrich I appreciate the insight.  "Branding" is what I'm looking to do, correct.  From what I understand using subsidiary relationships can get complicated tax-wise, but it may be what fits my expectation here.  I will be consulting my CPA in regards to this as well, and if @Brad Schaeppi would provide some thoughts here that would be awesome too!

P.S. I'm a MN native and also live in the state.... you have any recommendations on good meet-ups or mastermind groups you attend?  

Thanks,

Paul R Schiller

Thanks David... Unfortunately MN does not have this option, which I should have stated, and is why I'm looking for the next best alternative!

Hey All!  

I'm looking for experienced REI's with knowledge on how to properly set up a DBA or "Shell" company for what I'm looking to do. I want to have a solid Email/Biz Card/Title to advertise myself as, or "The Main Company" you could say, along with being able to form separate LLC's for each individual (groups of) property acquired for each separate investor, hope that makes sense.... Example below:

Biz Cards/Email as "XYZ Group"

-Property #1 with investor "X" forms LLC as "DL Properties"

-Property #2 with investor "Y" forms LLC as "BP Properties"

-Property #3 with investor "K" forms LLC as "NY Properties"

Etc Etc Etc.... I'm the Deal provider in all deals, representing MY company name, but forming different relationships with different investors and keeping them separate.... Any tips/pointers much appreciated!

Thanks, 

Paul R Schiller

Hey all!  Looking to see if anyone knows of good property management in or around the area of Thief River Falls Mn 56701 ..... Person or Company should be LIHTC qualified, or have experience in the field.   Thanks :)

Another question coming from lack of experience is.... I have approximately $45k liquid equity in my current rental property, and $63k in my home, along with an operating LOC of $25k that hasn't been touched.... would you say that it would be wiser to use those monies to invest in the next deal, or use more outsider monies so I don't max myself out of available cash beyond comfort in case it is needed in the interim?

I couldn't agree more @Michael Wagner....  My first thoughts/priorities would of course be to treat the investor as they should be and make the deal just as right for them as they make it for me, resulting in the likelihood of getting them in on the following deal.  I greatly appreciate the feedback, and would love to collaborate and learn more from you.  I'm brand new to this site so any tips/pointers/guidance is helpful! Thanks much :)

@Michael Wagner Great feedback thanks!  Are you finding your investors are happy to let their investment ride throughout the life/time of ownership that you as the proprietor keep the property?  Or do you use their money, pay them as structured, and refi when you have enough equity to pay them their initial investment back? Or what is the best way in this case to recoup 100% ownership the fastest?

@Amanda G. All of the above.... I guess my question should have been what the structure would be per the type of deal... I'm looking do do flips, lease options, and multi-family, as well as self storage... I have enough potential investors to where I can/want to get involved in multiple strategies.

@Amanda G. Thanks for replying!  I'd be looking for increasing value for sure in some deals, as I'm also looking at flips and lease/options as well.  For multi-family, if there was an option for increase of value I'd of course see that as a bonus for completing the deal too.  For an interest only loan, are you seeing that monthly payments (10% seems common) back to investor for x amount of time until refi, then payback original payment at that time, is common?  

Hi everybody :) ..... I currently own a 15 unit building and am currently seeking more properties. Since I didn't use any outside investors on my first one, I'm looking for some feedback on the next purchases. I have some partner-investors lined up who are willing to put some money in the pot to make the next purchase(s) happen, but without utilizing this before, I'd like some pointers. How are you who have used investor money, structuring your paybacks to the investors? I.E. if the property to purchase is $1m, down payment is $200k, and I have 3 investors putting in $50k each totaling $150k, and I use $50k of my own money, what are some optimal ways to setup the payback of the $150k outside money back to each investor, in the best/quickest way so we can roll into more properties at the fastest rate or deploy the money elsewhere, quicker? (Assume all outside money is just that, money, and these outside investors won't have any active roles in operating/managing any of the properties.) Any and all feedback is much appreciated. Thanks ;)