All Forum Posts by: Benton Moss

Hello BP community! 

Hope all is well with everyone. I am a newer investor from eastern North Carolina and have completed my 4th SF rental deal as of December 2016. I have all four units rented and cash flowing nicely at the moment, and want to tap into the great resources of BP to learn more about what it will take for me to begin really experiencing the compounding effect of equity and cash flow in RE. So, I wanted to reach out to the BP community to hear from investors who made the jump from SF rentals to other types of CRE by asking for your brief case study with the following:

If you had SF rentals and made the jump to CRE:

a. How many units did you have before you felt comfortable making the jump?

b. How long did you wait from when you began investing in SF to make the jump? I.e. how many years of experience did you have when you made the jump? Why?

c. What type of property did you purchase as your first CRE investment? MF? Self-storage? Office? Retail? Why?

d. How did you finance the deal? Did you get creative? Did you pledge SF rentals as collateral? Seller financing? Traditional financing? Wraps?

e. Overall details of the first investment (whatever you feel comfortable leaving): Purchase price, negotiation details, financing structure, end result of the investment (still holding, flip, bad result, etc.)

f. What you wish you knew going into the deal. 

Thanks everyone and I wish you all happy investing!

Hey John Phoenix - I am a broker/investor from eastern North Carolina with contacts in the triangle market as well. Currently living in Chapel Hill and would love to connect at some point in Raleigh if you have time. PM me if you're around and would like to get together! Benton

@Jasmine Patel Perfect - PM me if you find yourself in NC and looking!

Hi Jasmine Patel - I am a licensed Realtor in the eastern part of the state but spend a good deal of time in the triangle as well. I know some great agents up here. Also have a multi-family deal you may be interested in if you would like to discuss offline. 15 unit condo rental. Best of luck in your real estate journey! Benton

Laythe Jadallah Welcome to BP! This place got me started into rei. Great learning environment and inspiring as well - just closed my 4th deal of the year and recently became a licensed broker as well. I'm in the triangle currently as well. I have a 15 unit condo complex I am looking at but haven't lined up how I'd finance it yet - we can talk offline if you're interested! Best of luck to you with your journey Laythe. Hope to connect soon.

Hey Jay Miller - I found a 15 unit condo rental w/ 61k annual income after taxes and HOA dues in the triangle. Would love to discuss offline if you are interested. Best, Benton

Hi everyone - I am considering forming an LLC as a holding company for several properties. What are the pros and cons of using this type of legal structure to encompass a few properties and what advice might one give before considering this an option? Thanks!

Hey everyone! I'm an investor from out of town and am interested in learning more about Port Charlotte Florida from an investment perspective. I am in the process of forming an LLC to deploy enough capital to purchase several properties and am looking to learn more about this area as a potential candidate. Any information or experiences would be appreciated. Thanks!

Hey everyone! I'm an investor from out of town and am interested in learning more about Port Charlotte Florida from an investment perspective. I am in the process of forming an LLC to deploy enough capital to purchase several properties and am looking to learn more about this area as a potential candidate. Any information or experiences would be appreciated. Thanks!

@Michael Jobe & @Dawn Brenengen That sounds great - once the offseason rolls around I'll definitely have to check the BP meetups out. Thanks everyone!