All Forum Posts by: Robert Blazer IV

Thanks, @Bryan O.. @Brandon Hall, I'll certainly be in touch in the near future. Thanks, guys.

Is anyone able to recommend an accountant in the Richmond VA area specializing in real estate? Or have any recommendations on the best way of going about finding one? Thanks in advance.

Thanks @James Stevens I'll check that one out as well

@Aaron Cullen nope, haven't read it yet, but it's next on my list to grab. Just finished the beginners guide, so I'm working my way there. I'll check it out next, thanks

I know this is fairly broad, and the BRRRR strategy hasn't necessarily gone by this acronym until somewhat recently, but can anyone recommend books that go into this strategy in detail? I'm not sure if any books have been written solely about the BRRRR tactic, but any book that can help with fully understanding its intricacies would be very helpful. Thanks in advance.

@Kumar Paj ah, thank you. I did not know that buying it under the LLC would make it fall under commercial lending, but that makes perfect sense. So I guess it doesn't really matter if I form my LLC today, tomorrow, or next month, as long as I'm not purchasing the property under the LLC. I'm assuming you buy cash because you have a lender that assists you in doing that? Have you ever considered going the HELOC route? At this point, I don't have a lender, so I'm trying to figure out how realistic it is to purchase property with a 30 year fixed 20% down traditional mortgage, and then refi using a HELOC. I've heard banks won't give the HELOC if my property is already in an LLC, and I'm curious if that is universally true. Probably goes back to what you're saying about cashing out and then putting it in the LLC after it's settled. Forgive me if anything I'm saying doesn't make much sense, as I've been educating myself for the last two weeks, and have 0 experience beyond that.

I've been encouraged to look into putting my future properties in a Series LLC since I am located in VA. Are there any pros/cons to forming a Series LLC rather than multiple individual LLCs for each property? Also, should I be forming this LLC prior to acquiring any properties, or should it be done after the fact? My personal protection is something I seem to be hung up on (perhaps some analysis paralysis is in play), so really ANY information regarding these options would be greatly appreciated. Thanks in advance.

@Michael Boyer @Brian Gibbons @Matthew Kreitzer, thanks for the responses guys. That all makes sense. I am attending my REIA meeting in early June, so I'll definitely be looking for recommendations when I'm there. Even with smaller deals, is it more important to have the attorney lined up for things like short sales and foreclosures?

I am just starting out and have yet to purchase any property, but I'm wondering how proactive I should be with my real estate attorney and title company. Does anyone recommend that I speak with an attorney before I start putting in offers? And perhaps ask this attorney for recommendations on title companies in the area? Or is all of this something I should put off until I'm in the process of purchasing my property?

@Edward B. really excellent information, thanks! I'll be studying up on BRRRR to see if it's something I will continue aiming for.