All Forum Posts by: Sabrina C.

Hi BP Community,

Just want to see if there is anyone that is actively investing in buying limited partnership interest in real estate.

How are you turning those share in to profits?

Hi @Ben Skove no judgment only you know what you are going through. :)

Hi @Diego Delacruz whatever @J Scott says listen! He is a pro :)

Hi @Diego Delacruz , now that you are mentioning 401(K), you should definitely look for some more knowledgeable/professional advice. For what I understand after the property gets sold the not taxable money will have to return to the 401(K) account. I have not used this strategy but you can always create another forum with more question on investing someone else 401(k) in a flip, and also get paid your share, and start having an idea of how it works

If the money will be taxable as soon as he(Private Lender) pulls out of his 401(k) then it is his play money, so the contract will do it.

But please do as much research as possible.

Hope that helps.

@Bryan H. that commercial is too funny!

He looks lie Ken Jeong, actor, from the Hangover! Haha

Hi @Ben Skove when you say "My intent isn't to find a sucker and dump the property onto them." it sounds really bad!

Good luck on you 1/2 rehab!

Hi @Sharad M. if your strategy is already working for you, and you have been able to continue growing your portfolio, why change it? There is a lot of gurus out there, and it doesn't hurt to listen to them, but there is a cost and even more important your time spent listening to them. :)

Hi @Diego Delacruz that's great that you have a private lender already lined up. Now, you need to put a contract between all parties, where expectations, costs, responsibility, etc will be stated. If something doesn't go according to plan whatever is stated in the contract will be already explained on how it will be resolved. You can use the service of a specialized real estate lawyer, or it can pull out an contract from the internet and altered to cover all necessary areas agreed.

I would highly suggest the use of a lawyer if there is large a large sum of money involved, and account for the lawyer's cost as a planed expense for this project.

Hope that give a bit of light. Good luck!

Hi @James Mudd ,in addition to @Mehran K. 's comment after you have determined the rental market value you need to plug more numbers in to this "deal" like vacancy, property management, leasing cost, maintenance, etc...

Be clear on your criteria of what does represent a great deal for you, and review the numbers. Also, get a Worksheet so every time you come across a property you plug the number, do a full review and see if it fits your investing philosophy and criteria. ;)

Goodd Luck!

Hi @Huy N. let me know when you come down to South Florida it will be great to network!