All Forum Posts by: Paul Bryzek

As Robert Kiyosaki teaches with Rich Dad Poor Dad - if you invest for Cash Flow and the property is putting money in your pocket at the end of the month (after all expenses: mortgage, interest, insurance, property tax, vacancy, repair) then in the event of a "crash" - you may end up with more cash flow due to an increased number of renters. 

He teaches that buying real estate purely for appreciation is gambling and should instead be viewed as the icing on the cake.

I invest in Ohio :)

Hi All,

I am a resident of California, already have an LLC with my partner and already pay the franchise tax $800 a year. That LLC is a holding company, we also want to be doing flips. My CPA said the way to do this is to form a C-corp that is registered in the state of OH, get a 21% tax on profits, then only have the CA qualified LLC send/receive money to the C-corp via low interest loans.

I am looking for the best entity structure to enable me to do the flips protected and having best tax benefits without having to pay CA twice.

Thanks,

Paul

@Jay Hinrichs - What kind of money (amount, terms, rate) do you offer? Are you interested to lend out on our future fix & flips in Cleveland/Columbus Ohio?

@Chris Seveney - Interested to learn more about your rehab.

@Jay Hinrichs - Thanks for the tip, also posted in the marketplace. Sounds like you are focused on acquisition - would you have the bandwidth to help out with any rehab projects for a management fee?

Hi Cleveland Ohio handymen, contractors, general contractors, electricians, roofers, plumbers etc!

I have a budding turnkey providing solution based in Cleveland Ohio 

Cleveland Turnkey - Passive Rental Income

We do our own purchase, renovation and flip over to end investors looking for solid passive income from Real Estate. We have local boots on the ground team and contractors but are looking for the full spectrum to increase our capabilities.

Searching for honest, trustworthy and solid rehabbers to help us add volume to our pipeline and be able to quickly turn properties. You will work with our established team and if you are good, keep your word, and give accurate estimates - we can provide you with essentially a limitless supply of work.

Serious inquiries only, this is the real deal and we are looking to add members asap, but we are OK with being picky to work with the right people.
Looking forward.

Paul @ ClevelandTurnkey
Paul Bryzek

Hi Cleveland Ohio handymen, contractors, general contractors, electricians, roofers, plumbers etc!

I have a budding turnkey providing solution based in Cleveland Ohio where we have already started to do our own purchase, renovation and flip over to end investors looking for solid passive income from Real Estate. We have a local boots on the ground team and contractors but are looking for the full spectrum to increase our capabilities. 

Searching for honest, trustworthy and solid rehabbers to help us add volume to our pipeline and be able to quickly turn properties. You will work with our established team and if you are good, keep your word, and give accurate estimates - we can provide you with essentially a limitless supply of work.

Serious inquiries only, this is the real deal and we are looking to add members asap, but we are OK with being picky to work with the right people.

Looking forward.

Paul @ ClevelandTurnkey

Hi Everyone,
I'm here in Toluca Mexico and came across an interesting build and flip project. Dollar to Peso is currently 18.7, all time high was 21.92. I have a private owner that has plans to subdivide 1 acre of his own land into 16 3 story casas, build each for ~$375k Pesos (~$20k) and sell for 1.3M Pesos (~$70k).

I am looking to find Joint Venture partners to do a small syndication. The plan will be to build an initial set of 2 Casas, with utilities, sell off each Casa, then use the funds to build out/sell the remaining 14 casas.

If this sounds interesting to you, hit me up! I am anticipating $500k-$800k of profits for the entire project within a 12 month period. Initial investment total would not exceed $50k total between all parties.

Best,
Paul

@Calvin Kwan - Let's do a deal!

@Calvin Kwan Rent to me with a master, and I will run the AirBnb business for you :)

@Craig Curelop - Thanks for the contacts. I read that this strategy is already not possible in SF and Oakland is considering regulations, but have yet to do it.  From my perspective, that leaves open the entire rest of the bay area outside of SF.  May SJ is a great market as well.  

Is anyone familiar with potential legal pitfalls to this strategy and things to avoid as to not end up paying the city large amounts of fines?  This industry is so new that it is still highly unregulated which makes it very exciting to me.

Hi Everyone,

I wanted to get your viewpoint on the idea of securing a property from an owner on a month to month lease agreement, only I would then turn around and become an AirBnB host on that same property.  This is an innovative way to create significant cashflow using OPP (other peoples properties!).

I know cities are starting to regulate on AirBnB and short term rentals - e.g. SF only allows up to 90 days, but I am not clear on the rules surrounding being an AirBnB host as a sublet to my master lease agreement.

Has anybody tried this and what cities in the bay area would you think is best / worst to try out this creative strategy?

Thanks,

Paul