All Forum Posts by: Shriraj Shah

@David Spangenthal / @Sagar S. - How has your experience been with Hemlane? Are you still using it? Which package of Hemlane are you using? Complete / Essentials?

1 Vote

Quote from @Vinod Moorthy:

I am not part of either the Bennah Oaks or the Nathi construction. I got into this mess as I got an email from Wagner in September 9, 2021 when they send me an email regarding new construction at Ocala. The email said they will do 16 homes in the below configuration. If anyone else in this group is also in my same category and waiting for their home update kindly let me know so we can go together on this. I unfortunately blocked two plots and paid 20% for both and now it is almost 2 years and there is no response at all from Wagner or the builders :(

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The house will come with stainless steel appliances including a dishwasher, hood, refrigerator, and range.

3 Bedrooms2 Bathrooms2 Car garage 1323Sq/ft
The price of this property is $198,000.00 with a 20% due at contract and the remaining 80% could be paid via conventional financing or cash.

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Vinod,

I'm assuming you're referring to the properties in Ocklawaha. I'm in exactly the same boat as you. It'll be good for both of us to connect. If anyone else has invested in Ocklawaha properties via Wagner please reach out.

0 Votes

Orlando, Florida

@Kay Kim / @Wendy Stclair / @Wim V. - Any interest in getting on a conference call and discussing our options, given that we are in the same boat?

1 Vote

Orlando, Florida

Quote from @V.G Jason:

Did you buy from a turnkey company?

No. I purchased through B2RDirect.

0 Votes

Orlando, Florida

Quote from @Clay Lehman:

Quote from @Shriraj Shah:

I'm looking for an attorney in the Orlando / Ocala region. My properties are in Ocklawaha, FL. These new construction properties are getting unreasonably delayed, and I'm looking to get legal advice on my options. I'll appreciate a recommendation for a great attorney.

I use Richard Muteralli - (352) 789-6520. Good luck!!

Thank you, Clay. I'll reach out to him. If anyone else has other recommendations, feel free to post them, so I have more options.

0 Votes

Orlando, Florida

1 Vote

Orlando, Florida

@Kay Kim - Any updates on your property? I booked two properties in Ocklawaha (being constructed by Elite Builders) via B2RDirect back in Sept 2021. Neither of the properties is ready yet. I've received new deadlines after deadlines from Wagner and the team. The latest timeline given to me for one of the properties is Mar 2023, but the other property has not even broken ground yet. In 15 months since I booked the property, Wagner has provided me with an exterior photo of just the first property, and I probably wouldn't even have known that there is no progress made on the other property if I had not visited the site myself recently. The work on the house that was under construction was stalled. I was told by Wagner that the builder is trying to refinance the construction loan as the cost of construction has increased. I am evaluating my options at this point. Let me know if you are willing to have a direct conversation and sync up.

1 Vote

Orlando, Florida

Thank you Joe. That's helpful.

Originally posted by @Joe Homs:

@Shriraj Shah your missing the forest for the trees. Please seek out some professional advise on your specific situation, but I would use a land trust (for privacy reasons) and then have the beneficiary be your living trust. If you want better protection then have your LLC be the beneficiary and the owner of your LLC be your living trust. (Best of both worlds)

Do not count on insurance to bail you out of a lawsuit. They first comment back after a claim is to deny it, and then you have to fight them tooth and nail to get something out of it. With a living trust on all your properties you are exposed not only to that property, but everything that you own personally.

Good Investing...

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I'm wondering if I should be buying the investment properties under my Living Trust in order to avoid probate issues in future OR rather my own name. I'm not considering an LLC at the moment. Does anyone have a recommendation?

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@Ashish Acharya - Thanks for the info. However, I'm not really comparing LP vs GP. I'm actually comparing tax benefits of LP vs buying Rental property directly from a turnkey company and giving it out to property management firm for operations. I assume neither of them would qualify as an active participation. I'm not a real estate professional as well.

@Sam Sala - Wouldn't investing in REITs be similar to investing in stocks? I don't believe I'll get any tax benefits, would I?

0 Votes

All Forum Posts by: Shriraj Shah

Shriraj Shah has started 4 posts and replied 15 times.

Post: Hemlane Feedback for Remote investor

Post: What’s your experience with Wagner Nolasco B2RDirect

Post: What’s your experience with Wagner Nolasco B2RDirect

Post: Looking for an attorney for a property in Ocklawaha, FL

Post: Looking for an attorney for a property in Ocklawaha, FL

Post: Looking for an attorney for a property in Ocklawaha, FL

Post: What’s your experience with Wagner Nolasco B2RDirect

Post: Should I be buying Rental Property under my Living Trust?

Post: Should I be buying Rental Property under my Living Trust?

Post: Tax benefit comparison - direct purchase vs syndication