All Forum Posts by: Stuart Udis

This right here ^^^ the roadmap to success.

@Jonathan Bock Does this come before or after the $3k cost segregation study and the $10K course on how to scale through renting rooms?

I think many make the mistake of believing real estate is more liquid than it is. If there is a reason why the investor requires their capital back in a short period, they should invest in a more liquid asset. As a real estate investor you also want to sell when it is most opportunistic..... putting a clock on when the property must be sold can hurt performance and result in bad decision making.

If the extent of your real estate business is renting out your basement than no, a Wyoming trust is not necessary (in fact, a Wyoming trust is not necessary for 99.9% of real estate owners)....you were contacted by a fear mongering sales person, not someone I would consider to be offering credible services. 

@Anshuman Thakur I would recommend local counsel in the areas where you invest. It's not realistic for one transactional attorney to be qualified to represent your interests across the country.  Good transactional counsel will not only help with preparation of the purchase agreement but ensure all diligence items are covered. These items will vary depending on the municipality.

Why do you need partners in transactions that require 0% down.....

There is one other explanation, being over extended. Although that would be looked down upon by a lender as well because of the inherent risk of lending to someone who has too much on their plate. 

@Michaela Hayes What about these projects would make it compelling for a lender to offer 100% financing? Lenders look at creditworthiness/balance sheet/track record and the collateral in determining the leverage they will offer. You will have more success finding LP partners to fill the rest of the capital stack alongside of the construction debt.

Everywhere I turn all I see are pitches for affordable housing and the same (not so) compelling arguments regurgitated by syndicators, capital raisers, brokers etc. for the investment strategy....strong returns...lower volatility....supply (huh?) and demand....yet today was a first for me. I was sent an offering memo by a broker selling a multi-family building in an area no reasonable person would even consider affordable housing material yet the marketing materials made a point of emphasis to detail how the property would satisfy the need for affordable housing. Have we gotten to a point in this industry where a property is more attractive by short changing the true fundamentals and classifying the property an affordable housing opportunity? 

@Jerry Velez Familial relationship wouldn’t have any bearing. Follow the local licensing and disclosure laws. They seem to be quickly evolving across the country…but this should be secondary. Why even concern yourself with the legality if it’s self serving and harmful to your family member?  Just as bad as the posts you see from time to time of the grandchild wanting to work out creative financing to buy their grandparents house below fair market value.