All Forum Posts by: Ty Coutts

Hi Chris,

Start by networking through BiggerPockets, local real estate meetups, LinkedIn, and self-storage investor groups. High-net-worth individuals, private lenders, or experienced investors looking for passive income may be ideal partners. Be clear on terms—percentage of equity, profit-sharing, and exit strategy. Consider structuring it as a joint venture (JV) or syndication. Also, explore creative financing options like seller financing or private loans to reduce upfront capital needs. A strong deal presentation will help attract serious partners for this and future investments!

Welcome, Takarra! 

It's great that you're ready to take action. The BRRRR method is a fantastic way to build wealth, especially in Augusta, where there are solid cash-flowing opportunities. Start by networking with local investors through Augusta REI meetups, BiggerPockets forums, and Facebook groups. Building a strong team (agent, contractor, lender, property manager) is key—seek referrals from experienced investors. Consider starting with a SFH or duplex in an area with strong rental demand. If you have any questions or need help on a loan, DM or email me, I'm licensed in Georgia.

Hi Veronica, 

It sounds like you're heading in the right direction by setting up an LLC for your flip. Since the property is being held for less than 12 months, the IRS will likely classify it as a dealer property, which means the profits from the flip are subject to ordinary income tax rather than capital gains tax. In this case, the LLC will file taxes as a pass-through entity, meaning the income or losses will be reported on your personal tax returns, and each partner will report their 50% share of the profits or losses on their respective individual tax returns.

To make sure you’re doing things correctly, I recommend consulting with a CPA who specializes in real estate investments, as there may be strategies to mitigate tax liabilities or specific deductions you can claim related to the flip. They may also help clarify any state-specific tax rules in Ohio and Washington. If you need any help with the financing or have any further questions, feel free to reach out.

Hi John,

Pricing for short-term rentals inFt. Myers varies based on seasonality, local demand, and competition. Peak months (winter/snowbird season) see higher rates, while summer and hurricane season may dip. Use AirDNA, PriceLabs, or Wheelhouse for data-driven pricing. Also, check comparable listings on Airbnb and VRBO with similar amenities. Dynamic pricing tools adjust rates based on demand. Ensure strong reviews, professional photos, and optimized listing details to stay competitive. Consider adding amenities like beach gear or a hot tub to boost bookings. Good luck!

Hi Kanaam,

To start, focus on financing—U.S. lenders may require higher down payments (often 25-35%) for foreign investors. Research financing options like portfolio loans or working with international-friendly banks. Have reserves for vacancies, repairs, and closing costs. Building a solid team (agent, property manager, lender) is key. Understanding cash flow and loan terms will help you manage payments. Connect with investors in similar situations for insights. Any other questions, let me know!

Hi Tom, 

Building a manufactured duplex on land could offer great returns, but it comes with complexity—zoning, utility hookups, and permitting can delay your timeline and add hidden costs. An existing duplex provides immediate rental income and proven market comparables, reducing risk. Your $120K could cover a strong down payment on a cash-flowing duplex. If you’re comfortable with the process and local regulations, new construction might yield higher equity, but for simplicity, an existing duplex is safer. Any other questions or help with a loan, feel free to Dm or email me!

Hi Trent,

It's great that you're thinking ahead! A 100-year-old home with structural concerns could mean costly repairs, so get a thorough inspection, especially for foundation and floor issues. Renovation costs can spiral, so overestimate your budget and factor in contingencies. Since the ADU needs a full gut, ensure zoning allows its use as a rental. Also, confirm market rents support your investment. If numbers work and risks are manageable, this could be a solid house hack!

Feel free to Dm or email me if you have anymore questions.

Hi Julia,

Rehabbing fire-damaged properties can be a profitable venture, but it requires careful planning and additional considerations. As a loan officer, I recommend first ensuring you have a thorough assessment from a contractor who specializes in fire damage. It's crucial to understand the extent of structural and electrical damage, as well as any potential hazards like smoke or mold. When financing these projects, keep in mind that some lenders may require a larger down payment or charge higher interest rates due to the increased risk. It's also helpful to look into insurance coverage for fire-damaged properties, as some insurers might be more selective about coverage. Make sure your budget accounts for potential unexpected repairs and delays, as these types of properties can sometimes reveal hidden damage during the renovation process. If you have any more questions, feel free to DM me.

Hi Evan,

Yes, in most short sales, the lender typically pays the buyer’s real estate agent’s commission, but this varies by lender and specific circumstances. The total commission is usually negotiated as part of the short sale approval process and deducted from the proceeds. Some lenders may limit commissions or require specific terms. It’s essential to confirm this early in the transaction. Connect with lenders experienced in short sales to understand their specific policies and requirements!

I'm a licensed lender, if you'd like to connect, shoot me a DM or email!

Hey Stepan,

In today’s market, finding solid flip deals requires being more strategic with property selection. I recommend targeting emerging neighborhoods with strong long-term growth potential, where property prices are still affordable but demand is on the rise. Keeping rehab costs in check means focusing on high-impact upgrades like kitchens, bathrooms, and curb appeal, while avoiding over-improving the property. Stay on top of material price trends, and have contingency plans for unexpected costs. Buyer preferences are shifting towards energy-efficient homes, smart home features, and open-concept designs, so incorporating these elements can increase appeal. Working with contractors requires clear communication and detailed project timelines to ensure that deadlines are met and avoid overruns. It’s crucial to build a solid relationship with your contractors, ensuring they understand your expectations and budget constraints. If you have any more questions or need help with the financing of these projects feel free to DM me.