All Forum Posts by: Srini Murthy

It is very re-assuring to know that not one person has been able to show someone losing their property. But just the fact that someone can touch your personal assets scares me.

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I would agree with all here, my 2 cents would be, leave the stock market alone. I have tried all and found that index investing is the best(which is why Warren Buffet won the million dollar bet). Basically the big sharks own the game and you will lose a lot of your time and money.

Of course all this goes out the window if you are an "accredited investor"

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Salt Lake City, Utah

@Nathan Gesner

What happens when you have say 25 properties in your name and you get sued? Wont the attorneys try to take them all based on the severity of the case?

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Quote from @Jonathan Cook:

I agree with @Kevin Romines. If you can net $300 per door per month, buy all you can get your hands on... Im in the southeast (Atlanta metro) and spent the majority of my life in Birmingham AL, where the cash flow options are super high... as long as you are cash flowing keep buying!

Hi Jonathan

I am also looking at a property there and my cash flow is coming to around 130 or so with 5% vacancy. Can I DM you for some help on with properties there?

thanks,

Srini

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Des Moines, Iowa

Looking for help from people in this thread. I am also looking at a property in Birmingham through Roofstock. This will be my first rental property and will be remotely managed. Though the property and surrounding areas look nice in the pictures, the doors and windows has bars which concern me.

I am just starting our my RE investment journey and all help is greatly appreciated. Please DM me if you feel you cannot post here. The property is in 35208.

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Hi Guys!

I am currently looking at a property there, will be remote investing. It looks attractive to me as I am just starting out in my RE investing journey. Though the house and neighborhood looks nice in the pictures, the doors and windows have bars and that concerns me.

What would your expert opinion be? Give it a shot or run for the hills?

Srini

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Quote from @Wendy Stclair:

Hi @Ayano Itoh,

I agree with @Tal Shachar. This works best when you have multiple properties - you have holding company LLC in Wy and a direct LLC in the state. Things flow through on your personal tax returns as an (some word i can't remember) entity. Clint Combs does a good job of describing it in this vid link i posted below but watch out it gets pretty deep pretty fast. i do use Anderson Advisors for my RE stuff but i have to say they are very spendy and many days i question whether they are worth it. https://bit.ly/3K7VF8K

Hi Wendy,

I am also going with Clint, so am curious when you say spendy? how much are we talking about? please DM me if you feel you don't want to post it here.

thanks

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Los Angeles County, California

Quote from @Aj Parikh:

I closed on a property through roofstock back in Oct 2020. Let me know if you want to connect and talk about the purchase process

Hi AJ, I am in the same boat and would like to connect.

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Quote from @James Wise:

Originally posted by @Jag C.:

@James Wise Thank you. I also have gone through your great Cleveland Neighbourhoods primer which has been very helpful. It was written 4 years back - do you think much has changed, especially in the zips close to Ohio City such as 44102?

I don't know what the Cleveland Neighborhoods primer is, but The Ultimate Guide to Grading Cleveland Neighborhoods is a living document. It's regularly updated, so yes it's accurate.

Hi James,

Thank you so much for sharing the living doc on Cleveland Neighborhoods. Can you please make the maps bigger. I can barely see the street names in it. Is I need to view it any other way please let me know?

thanks,

Srini

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Quote from @Aj Parikh:

I was also in a similar market like you where the 1% rule doesn't make sense but the properties appreciate a lot. I decided to go out of state in Cleveland, OH and purchased a SFH with a turnkey company. The numbers work better and the area has also seen a lot of appreciation since my purchase so overall a good experience. Let me know if you want to connect and chat about that.

I am interested AJ, can you please DM me?

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Cape Coral, Florida

All Forum Posts by: Srini Murthy

Srini Murthy has started 4 posts and replied 48 times.

Post: Time For Rental LLC Consideration.

Post: INVESTING NOT REAL ESTATE

Post: Time For Rental LLC Consideration.

Post: 3 rentals and looking to expand

Post: Anybody worked with zeker management

Post: Birmingham, Alabama! Still a secret?

Post: LLC with long distance investment properties

Post: Purchasing thru Roofstock

Post: Cleveland, OH investing

Post: 100k to invest. Short or long-term? Single or duplex?