All Forum Posts by: Raj Kumar

Hi,

I’m a single-family real estate investor with a few rental properties under my belt. Recently, a real estate friend suggested I consider starting a title company, as he and his partners (primarily in commercial real estate, like strip malls) could bring business my way.

While I’ve worked with title companies in my transactions, I’ve never explored the inner workings of how they operate. I’d love to hear from anyone with experience in this area:

1. What does it take to start a title company?
2. What kind of initial investment should I expect?
3. What are the potential pitfalls or challenges in launching and running a title company?

Any insights or advice would be greatly appreciated!

Thanks,
Raj

Thank you for all the responses. What are the negatives of selling a house as "Subject to" if the ownership does not change until the house is completely paid off by buyer and if we handle the "buyer default" scenarios in the purchase agreement? The buyer is willing to do a down payment of 10% and he is agreeing to pay at 8% interest rate while I got the loan for 2.5%. Also, I bought the house at 355K and he is agreeing to buy it for 420K. He runs a business and making good money. 

Dear Real Estate Experts,

I have an investment property that has been challenging to rent out. Recently, I received a proposal from a potential buyer who is unable to secure the loan they need. They are interested in purchasing the property on a "subject-to" basis. I am seriously considering this option, where the property would remain in my name with the existing mortgage until the buyer pays it off completely.

I plan to involve a real estate attorney in this transaction, but I wanted to seek advice from experts like you on the key considerations and steps I should take during this process. Additionally, I am interested in understanding how to structure the deal to address potential issues like a "buyer default."

Your insights and guidance would be greatly appreciated.

Thank you,
Raj

Hello Everyone,

I am working with a client for sale of his fix and flip. Its been a year since he bought the house and he is about to complete the rehab. He was relying on a contractor and had issues with him to complete the rehab. It seem like the water was never turned on by the village but the contractor turned on the water without notifying the owner but he never shut it down. Currently, the contractor is missing in action. My client tried with different plumbers but found that the water would not shut down from outside. He is seeking my help to resolve the issue. I do not have any clue on how to resolve this issue except to go to the village. I thought I would check on BP. Please let me know if you have any ideas or thoughts on how to handle the situation with the village. I appreciate your help.

Thanks,

RK

Hello Everyone,

I am working with an out of state client for sale of his fix and flip. Its been a year since he bought the house and he is about to complete the rehab. He was relying on a contractor and had issues with him to complete the rehab. It seem like the water was never turned on by the village but the contractor turned on the water without notifying the owner but he never shut it down. Currently, the contractor is missing in action. My client tried with different plumbers but found that the water would not shut down from outside. He is seeking my help to resolve the issue. I do not have any clue on how to resolve this issue except to go to the village. I thought I would check on BP if anyone has similar experience. Please let me know if you have any ideas or thoughts on how to handle the situation with the village. I appreciate your help.

Thanks,

RK

Thank you @Chris Tracy , @Michael Le  for your responses. Your responses are helpful.

Thank you @Todd Dexheimer for your response and links for information. Really helpful.

I am working on building the relationships in some of the markets I am interested in. I am looking into investing passively (100K ) in the MF investing to begin with to gain some experience but I am concerned that I will be stuck in the deal with funds locked and this slows down the path to reach my goal doing more deals. What are the strategies I can follow in doing more deals even with limited funds ? Thanks again for your help.

Best,

Hello,

I have been doing fix and flips/buy and hold investing in SFR properties in Chicago area. I have full time job but was able to continue doing the REI in Chicago area. But, recently I started looking into multifamily investing(20+ units) and found it to be more appealing from returns and operations perspective. I have started learning about them by listening to podcasts and doing a lot of reading. Based on my research, I found that most of the multifamily investing happening in emerging markets (Texas, Atlanta, N. and S. Carolina etc.) which are out of state for me. I have never done out of state investing. I also want to learn to the point of being an active investor and potentially learning syndication etc. I am also looking into mentoring programs to speed up my learning. Has any one done out of state investing in multifamily and be an active investor ? What are the strategies you implemented to achieve success in out of state multifamily investing? Any of your inputs/ideas are appreciated. Thank you for your help.

Best,

Raj

Hi @Sam Tfaily,

                         Is the property still available?

Thanks,

Raj

@J Scott

Thank you for your time and advice.

Hello BP,

I ran into this post while I was browsing through the forums and this thread is closest to the information I am looking for. I am looking at joint venturing with my contractor for a buy and hold deal (2 apartments and business space). He found the deal and presented it to me. He wants to be 50/50 partner in the profit sharing in the rents as well as equity.

I will be responsible for:

1. Funds for purchase of the property.

2. Funds for purchase of the material.

Partner will be responsible for:

1. Rehab of the property.

2. Management of the property.

Can I structure the deal in such a way that

1. My LLC will be on the title(100%) of the property.

2. Joint venture agreement to share profits from rents after expenses.

3. Same joint venture agreement to share profits from sale after expenses.

Is this right way to think ? If you are experienced in working with partners, would you do anything different? How do we structure equity partnership? Please let me know your thoughts. I appreciate your time.

Thank you!