All Forum Posts by: Tyler Kastelberg

Thanks for the post!

You're closer to success than you think. The best way to build a book of real estate assets AND gain credibility is to partner with a more experience investor who has connections to equity investors. Bring a good deal to an experienced investor, and most will be happy to give you some ownership in the partnership.

Let me know if I can help!

Hi Anthony - I'm not a CPA nor Lawyer, but I own and manage a number of real estate assets that I purchased both within and outside of an LLC.

A few notes:

1) You can purchase multifamily real estate within an LLC, and a bank lender will lend on real estate that is in an LLC. As a member of the LLC, the bank will likely require that you guarantee the loan.

2) Your lend will most likely need to be a local bank.

3) If you prefer a FHA loan, you might need to purchase the building personally, then assign the loan into an LLC. My understanding is that a conventional lender will allow this type of assignment.

Hope this helps - drop me a note if you have further questions.

Hi Fahima - I know your situation well. Most banks won't lend without a solid guarantor on the loan. The easiest way to get around this is ask a friend or family member to serve as the guarantor on the note. You might offer some compensation for their guarantee. This is very common in the world of institutional investing. Alternatively, the bank might allow you to substitute a guarantor with a lien on a stock portfolio or other liquid asset.

Best of luck to you!

Sid! Great question. I lived in SF for a few years and know East Bay well. The allowable square footage is going to be tied to the local zoning laws. You can typically find the regulations through a google search. Make sure you develop a solid financial model and plan a significant amount of time for permit reviews. You won't be able to break ground without City approval, which can take months.

Let me know if I can help!