All Forum Posts by: Terra Padgett

I agree. As a Tx investor in LTR for a while now, you really have to be at some scale for the cash flows to add up to anything worth while. Yes you have the other profit centers, but those are all secondary, tertiary or backend benefits; not cash today that you can utilize. And rentals are NOT all that passive anyways. A lot more active items than generally promoted. As an investor seeking passive investment income, I’ve pivoted more towards syndications and commercial investments via a real estate investment club. IMO, I’ve found it to be a much better way to deploy my active income, put money to work, and generate truly passive returns. 

If you've had it for that long and it's still not cash flowing well nor appreciating, I would highly consider putting it on the market for a retail sale. Having invested in multiple condos before, I agree with your realtor in that the appreciation on them is lower/slower. And the HOA rules, assessments (possible special assessments,) wall sharing neighbors, etc all make for a less desirable investment if the goal is to make money.
I’m totally on board with Passive Investing to generate Passive Income and quite frankly rental properties are NOT all that passive; even with a PM in place. IMO, syndications are a better route to go for the investor looking for truly passive investment opportunities. They can be a great partnership whereas you bring the capital and they bring the experience and labor to effectively execute on the business plan. The biggest thing is vetting the sponsor/syndicator/GP upfront. But once you feel comfortable and confident in the sponsor and their deal, then it’s really a set it and forget it type of investment. 
As for learning syndications and vetting sponsors, I’ve always preferred not to go at it alone. I learn and invest through a real estate investment club. They’re similar to stock investment clubs but they do real estate. I’m a part of one and also lead one. They’re both for accredited and non-accredited investors. Some of the biggest benefits come with the ability to spread and reduce risk. And you don’t have to live in the area either. Post Covid, most meetings are virtual and the deals are all over the US. I’d highly recommend looking into a club for passive investment opps. 

I've recently launched the second edition of the Power Pool Fund investment club. It is a passive REI club where we meet virtually to learn, network, review deals, and pool our capital to group invest in real estate for passive returns. We're currently open to new members looking to join, add value and receive value as we all continue to grow our passive income streams. If interested in learning more about what we do and how we do it, let's connect!

Bestplaces.net has all kinds of housing market date. Also deptofnumbers.com

If you have better options, you can share your details for evaluation. 

Has anyone ever done Private Lending 🏦 with JWB out of Jacksonville? How was your experience?

One way is to use a Real Estate Privacy Trust (REPT). You deed the property to the REPT which takes it out of your name. The trust will appear on any public record items and not your individual name. You'll have someone (your attorney, a friend, etc) be the Trustee of the REPT. They can't do anything with the property without your say so, thus it doesn't really give them any rights to the property. You'll assign a beneficiary of the trust; which can be your LLC.

We're looking to interview a couple of Property Management firms to take over management of a few homes. Which one(s) have you had a positive experience with??