All Forum Posts by: Sam Lee

Hello, rookie here.

I have two questions about off-market properties:

1. I can understand why investors prefer off-market properties; what are the upsides for sellers for offering their properties off-market? Wouldn't using MLS attract more buyers, creating more competition that can yield higher offers?

2. I hear that driving around your target market and look for vacant homes or private sale signs is one way to find off-market properties.  What are some strategies for finding off-market properties if you want to invest out-of-state?

I look forward to your guidance, thank you!!!

First of all, congratulations!  Becoming a father was the most overwhelming experience that I’ve ever had.  There will be a lot of pressure to be the best version of yourself, not just for your sake now, but for your whole family!

For me, a father of 2 (6 and 10 yr. olds), my approach for parenting is very simple.  I just want to make sure that my children have happy childhood.  Most of the issues that troubled youths go through stem from something that happened from their upbringing, so my simple parenting approach is that I want to make every effort to ensure happy childhood for my kids.

For securing children's financial needs, I have some precious metals to make sure that my savings won't lose value, and I'm starting to invest in rental properties this year. I believe REI yields much higher return than paper assets.

Lastly, kids spell love “T-I-M-E.”  Spend time with your family as much as you can!!!  Cheers!!!

Hello,

My name is Sam, and I work as a lighting project manager.  My company is a lighting distributor (material supplier) for commercial and high-end residential projects.

The projects I manage vary from $10,000 to $350,000, and I help supply lighting fixtures and controls (from simple dimming switches to fully automated systems).

Currently, my wife and I are finalizing our HELOC docs, and we are looking to invest in out-of-state rental properties (we are in Southern California).

I’ve been browsing Phoenix and Jacksonville areas so far, and I am open to other marketplaces if the numbers make sense.

I am profusely reading books and listening to podcasts to prepare myself to find and close my first deal, and I signed up to attend the Real Estate Rookie Bootcamp Weekend.

Hopefully I will get to meet and network with fine folks who share similar goals and values, and I look forward to connecting with y’all on this forum!

Thank you @Megan Templeton,

I haven't had a chance to take a closer look at DST, but first questions that popped in my mind are:

1. If 1 tenant from one child trust A sues me, can he go after other child trusts?  For example, if I have 3 trusts, trust A, trust B snd trust C, can a tenant from trust A go after trusts B and C?

2. In terms of tax benefits, how is DST comparable to other entities like LLC or corp?

I look forward to hearing from you, thanks!!!

Hello everyone,

My wife and I are finalizing our HELOC, and we intend to start our rental property investing journey this year. I've been doing a lot of reading, both internet posts and books, and I'm trying to figure out the best business structure for us. This is what I currently have in mind:

1. Setup individual LLC for each property we buy.

2. Setup a "parent" company that will own all these individual LLC's.

My question: what is the most tax-saving way for the “parent” company?  An S-Corp?  An LLC?  An LP?  (I read LP might be good to reduce inheritance tax for my children when the time comes.)  What are pro’s and con’s?  Does my approach have any merit at all?

I’m in California, and I do not mind long distance relationships; we can leverage technology.

(This is my first post, any advice will be appreciated!)