All Forum Posts by: Taylor Hupfeld

What are the tax implications to doing this with a TIC? Would we still get to split the tax advantages based on our equity amounts?

This one is a bit beyond my knowledge of exactly how 1031 exchanges work. I wanted to reach out to you guys for some advice.

I have an investor that I am currently working with that has invested in several other projects with me. He recently informed me that he was selling an old warehouse of his (where he used to run his business out of before he sold it years ago). He was approached by an out of town developer that has offered him quite a bit more than he expected the building to be worth. Naturally, he is not looking forward to paying the capital gains on the sale. My first thought was for him to do a 1031 exchange obviously, but he also doesn't want to take part in the management of a new rental property (which is why he has invested with me as a private investor). I am more than willing to do a similar deal where I find a new property for us to purchase and split the equity of the deal. This would have to work in a way that also satisfies his 1031 requirements.

Any suggestions would be greatly appreciated. I know there are a lot of creative people out there.

This one is a bit beyond my knowledge of exactly how 1031 exchanges work. I wanted to reach out to you guys for some advice.

I have an investor that I am currently working with that has invested in several other projects with me. He recently informed me that he was selling an old warehouse of his (where he used to run his business out of before he sold it years ago). He was approached by an out of town developer that has offered him quite a bit more than he expected the building to be worth. Naturally, he is not looking forward to paying the capital gains on the sale. My first thought was for him to do a 1031 exchange obviously, but he also doesn't want to take part in the management of a new rental property (which is why he has invested with me as a private investor). I am more than willing to do a similar deal where I find a new property for us to purchase and split the equity of the deal. This would have to work in a way that also satisfies his 1031 requirements. 

Any suggestions would be greatly appreciated. I know there are a lot of creative people out there.

What product do you use for loan servicing? I am looking for a program that is capable of handling all of the typical aspects such as payment and interest tracking, year end statements (for IRS purposes), and ACH payments to the lenders. This would include private lenders as well as any deal that might be owner financed. 

In your opinion, what would produce the best results once you have a list established?

- Cold calling (via VA)

- Mailers

- Combination

- Other

Let me know what you think!

What systems are out there that will allow me to best keep track of deals where I've used seller finance, subject to, private lending, etc?

I'm looking for somewhere that I can essentially see all of these items in one location so that I can easily see anything from upcoming payments to specific terms to deadlines such as balloon payments. 

Thanks!

Taylor

Good evening,

I am looking for advice or to see if a certain situation would even be possible.

In this scenario, a long time resident (likely no remaining mortgage) has become increasingly ill and was taken in by family members who live in a different state. I was told recently that a "friend" that lives in the neighborhood (the companion of the owner) was supposedly taking care of a few things in the home before it would be placed on the market in the near future.

I have never actually been inside of the house so I am unsure how much work actually needs done. If it is anything like the home I bought in the same neighborhood then there is some updating that needs done but the return is definitely there. Three homes in my neighborhood have been up for sale at various points over the last few months and all of them had buyers within a week of being on the market.

My questions are:

Is there a way to negotiate a deal with the out of state family that involves a fair purchase price for as-is sale, me fixing up the home (to whatever degree is needed), and then paying them once I am able to sell the finished product. What would be the legal way to do this if it is actually possible?

I am not in a position to buy another home in this neighborhood, but I would be able to fund most imaginable repairs based on the projected return. Any advice is greatly appreciated!

I am not opposed to wholesaling leads that I dont want or that exceed my buying power for a particular time period.

My goal isn't to be a wholesaler but more so to use similar tactics to find off market deals for purchase.

Good morning!

I have recently been shifting my focus more towards acquiring multi-unit properties. I have a duplex and a few single families currently. I have recently been able to develop a relationship with a few investors who are also eager to invest in multis with me so I am obviously interested in ramping up my lead generation. We are currently working on closing a deal for two 4 plexes and are actively seeking the next deal.

To preface a bit, I am not a wholesaler. I am specifically interested in finding the next property to invest in. I am open to buying with cash or loan (with the new investors) or even finding somebody interested in seller financing (to add specifically to my own portfolio).

I have been attempting to drive for dollars for buildings anywhere from 3-20 units. I am looking for guidance on the best ways to go from "this place looks nice" to actually getting in contact with potential sellers and negotiating a possible deal. 

What works best for you? Cold calling? Mailers? Praying? I am open to any and all suggestions and wisdom from your experiences.

Have a great day!

Hey everybody,

I currently have a fairly new real estate rental company and I am looking to continue moving forward.

I am looking to consolidate/pull equity from several units. I have three single family units that are all currently owned by my LLC and a duplex that is in my personal name that I am looking to wrap into one loan and pull what remaining equity that I can.

What is the best way to go about this kind of structured loan? I have read that a typical LTV for 5+ units wrapped into a loan is 75%. If my math is correct based on the current comps of my properties that would leave me enough to use as working capital in my company for my next purchase as well as getting the duplex out of my name and into the business.

Any help would be greatly appreciated!

Taylor