All Forum Posts by: Joshua S.

You need to build a relationship with a good agent or contractor. I think it shows professionalism when you (the investor) prove that you value the agent/contractor's time by offering to pay a fee for the service. If you just need baseline numbers for your pro-forma there are many independent estimating services out there that use secondary data sources such as, RS Means. I would much rather deal with an investor who shows that he or she values my time rather than just trying to get free advice.

Great post. I agree so many people are confused about this. 

@David Dachtera Thanks for clarifying that for me. 

What are the advantages in setting up a property trust vs. an LLC for South Carolina real estate?

You are right to say that is super shady! I wouldn't do the deal with a shady seller like that. Wonder what else he is hiding. Bad deal!

Where can I find information for the SC process of assigning rents from one entity to another? 

First, Do you know what the vacancy rate has been historically? Do you have the rent roll?

Yes of course you can do that. However, letting the Corp assume your mortgage is most likely governed by the lenders agreement with you. Some mortgages can be assumed and others have a due on sale clause. I've heard the buzz word "house hacking" a lot here. What is it exactly?

Hey I'm in Clemson. I'm a general contractor and understand investors. Please contact me regarding your Anderson projects.

cap rate = NOI / Market value of the property (building and land)