All Forum Posts by: Stuart Grazier

@Warren Robinson You should look around JRB Fort Worth for investment properties. You would then have the best of both worlds; close to a military base and in a thriving/growing city. Plus, it would be close to home for you.  

For all the note professionals out there:

I have accrued a decent portfolio of performing mortgage notes over the last couple of years and my tax bill at the end of the year has gotten quite large. As far as tax deductions, my CPA says there isn't much I can do to reduce the tax bill, as there aren't many things I can write off, and it's not like a physical property where I can depreciate the home. Or can I?

I know that quite a few people buy mortgage notes within a self-directed IRA to save on the taxes, but all of mine are currently owned in an LLC.

Besides opening up an IRA, I'm wondering if there are any other tax strategies / deductions that can help me reduce my tax bill next year....legal of course.

Thanks.

@Dorothy Ma I'm moving to Denver next summer and have similar goals as Daniel. Would you mind sending me info on your duplex for sale? I just sent you a message.

Thanks,

Stuart

Wow! Thanks to everyone for so many recommendations. It's definitely appreciated.

@Joseph Graeve It can definitely be difficult investing while active military. I've been doing deals from Naples, Italy the last two years and that makes it even harder!! I'll be moving to Denver next summer, so I'm still a ways off, but when I get in the area, I'd definitely like to join up. I'll send you a private note.

@Bill S. Thanks for the thoughts. You make a good point about a solid market and long term appreciation.

@Sherman Langford Incredibly helpful! Thank you very much. These prices definitely look a little better and may work for buy and holds. Are there many foreclosures or off-market deals from wholesalers in the area? I'm assuming they get picked up pretty quick. What are typical rents going for in that area? I'd probably be purchasing a 3 or 4 bed home.

@Colin Smith Colorado Springs is probably a little too far of a commute. Thank you though.

@Travis Sperr and @Tyler Howell I'll take a look at GVR as well. Thank you. I'd like to shoot for as close to getting the 1% rule as possible, so the closer to $250k, the better for me. I'm sure those go quickly though.

@Jean Bolger Thank you for the info. I still have a year before I will move...June 2017 is my move date, so I have lots of time. I do like the idea of a duplex, but it would have to be big enough for my family. I have one kiddo, with hopefully another on the way soon. I'd like to stay below $400k, but would be happier with $250k-$300k if that is even doable. Do you have any particular zip codes that would be better for duplexes? Would need at least a 3 bed per side, but prefer 4 bed.

@Matt Grace Love the idea of the house hack with a duplex. Same question I asked to Jean: any suggest areas of town to look at duplexes? Would need at 3-4 bed per side. I randomly saw advertising for new-construction KB home duplexes in Stapleton that are going for a little less than $400k. Is that a decent area? Seems like that price point would work if the other side is renting for normal Denver rents.

@Greg Hamer Castle Rock looks nice too. Looks a little more expensive than SE Aurora, but definitely nice. Thanks for recommendation.

Lastly, does anyone know of any wholesalers that may have off-market deals? I would be interested in getting on investor buyer's lists to start getting an idea of the market.

Thanks again.

@Mark Allen @Randy S. @Bill Bates @Josh Sandefer @Jordan Springer @Blake Galler

We started a DFW military REI meetup. Would love to put you in touch with our leads and join forces to network, educate, and offer investment opportunities. If interested, send me your email and I'll connect you with more details.

BP,

I just found out I could be moving to Denver, CO for my next set of military orders. I'd be stationed at Buckley AFB. I just started looking at houses and it looks as if prices are extremely high. I will only be there for two years, so I'm wondering if it's better just to rent and invest my money elsewhere in cheaper areas of the country, or look for a place to buy.  

If I was to purchase, I'd want to buy a house that I could hold on to and know that I would have positive cash flow as a rental after I move. Does anyone know of any areas of Denver where this would be possible? From a very quick look on the internet, it doesn't look like there is anything on the market right now that would pass the 1% rule.

Remember, I'd be living in it first with my family, so I don't want to look in the bad areas of town. I'd be open for a rehab, as I've done some fix and flips in Texas. And I'd be ok with a longer commute to work if the location was right.

Would love some recommendations from local Denver investors/realtors.

Thanks @Bill Gulley. I appreciate the advice.

Investor A has a fix and flip property and looks for private money to fund. Investor A is offering a 15% interest-only loan to Investor B.

Investor B has private money to lend Investor A. Investor B lends money and expects to be secured with a 1st lien position.

Investor B has partners (Investor C, D, & E) that he pools money from and offers them 10% interest.

Question 1: What type of platform should Investor B use to secure Investors C, D, & E? Since Investor B has the 1st lien position, what other type of instrument can be used? Would a promissory note work?

Question 2: None of the investors are accredited. What does Investor B need to do to ensure he follows guidelines set by the SEC?

Thanks @William Corcoran Best of luck to you as well.

@William Corcoran Completely agree with you William. There are a ton of smart, highly successful NCOs. I wish it wasn't this way, but when we sat down with a few JAGs, they recommended we keep it separate, due to potential conflicts between business (money changing hands) and rank. The rules of fraternization don't bode well for including all ranks.

The only concern is for active military. Once retired, I think that concern goes out the window. There's no fraternization rules for civilians and military.

As a military member, I'm sure you understand. This protects both sides of the equation. We don't want anyone getting in trouble.