All Forum Posts by: Robert Rixer

A question is, if you had $100M cash sitting in your account, would you be asking BP on how to find a partner? If it's capital that's stopping you, then there are numerous ways to get deals done with limited capital that don't involve partnering. Brining on a partner, especially a stranger can open up a whole new can of worms.

The best run Class D properties are usually owner-operator run. From my own experience I can tell you, those investments are better suited to local owners. Projected returns based on entry cap may be high but actually making those returns is very tough. Step up to C+/B- if you can!

Yes I second that, the quote is extremely reasonable.

Are you married to a fourplex over say a triplex or duplex? It should really be about the income but some people do secretly want to run up the score on # of doors.

Impossible to say without actual numbers to weigh but on the surface level, adding an extension seems low ROI. You're paying for a brand new build (with high build prices) but people will associate the age/condition with the existing old/leaky structure.

I recently heard a well known real estate mogul say his only regret in his career was not holding on to every property he purchased. He sold most to try and buy more and larger properties - instead he should've figured out a way to fund them all. 

When you shift in and out of properties you pay fees for commissions, loan origination, transfer taxes, etc. which will silently eat into your gains. Even if you can find an edge in short term maneuvers, you'll almost certainly be better off in the long run if you can figure out a way to keep these current properties (especially at 3%) and fund the bigger, better property either through partnering, syndication, f&f loan, etc.

You'd most likely have to look for a commercial unit, which would be more likely to have the card reading accessories you're talking about + they can keep up with the constant use, which residential units aren't designed for. You can also rent the units from vendors who will install and service them and will share in profits but at least you don't have to worry about it.

Overall I'm a fan of cc payment - scrapping for quarters is annoying, this is 2024.

You're best bet is to call a local multifamily broker. They'll be able to give you better and more concise insight.

If the title transfers, that's a sale and will cause a tax event. Unless you're talking about taking over title in 2025 under some sort of master lease agreement, she will be hit with capital gains tax regardless of what seller finance terms you come up with.

Seller financing still implies a transaction and therefore a tax event. Best solution is to help her find a 1031 exchange property, Delaware statutory trust or other.