All Forum Posts by: Lane Kawaoka

I got a lot of people saying that they were interested but no follow it terms of preliminary contact information :/ So at this point the buy and hold folks will remain in dormancy. Please PM me to connect if you are still interested I might have lost your first PM.

SFHs

Hi are there any recommendations for property management in the Atlanta Georgia area? Thank you in advance. 

If you are a fan of optimal leverage I would not pay down mortgages... that would lower your return on equity.

Look at making the seller or your replacement properties make improvements and increase the purchase price by that amount but make sure it makes sense from an ROI prospective and your property needs to appraise for the higher price if your trying to get a loan. Does anyone know if you can increase the prepaids?

If you have exhausted all options I would just pay the taxes on the boot and just be grateful that you were able to able to tax defer the lions share.

I was trying to go for a small group where everyone is actively engaged. Maybe at a restaurant where everyone can sit at one table (less than 8). @Troy Fisher I hear you loud and clear. PM me if you are interested.

@Zach SchwarzmillerPM me you email if you are interested. Aside for you Multi experience I know your actually active in buy and holds so you would be a good addition. Would be great to restart our previous debate on how Multi Unit Financing is a Buzzkill because of the 30%+ down payments needed.

Thanks @Troy Fisher @Julian Buick however I am not interested in meeting with wholesalers, property managers, and rehabbers -well I am but not for this meetup. Just wanted it to be a bit of a mastermind with just a focused few of buy-and-hold investors.

The Internet and avalibilty of information has made it easier for the majority of the population to become aware of trends. I think the impact will be less peak/valley market cycles. I don't know if this applies to RE but these days the latest gadget does not stick around that long. 

One thought I have about BP is that although RE is a powerful mechanism to build wealth that it's widespread popularity can make some who should not be In RE try and fail and go two steps backwards. If you are not savvy enough to network and learn about RE without wonderful the BP guide to ... then maybe you are not worthy to take on leverage and upkeep the housing that others rely on. 

Go ahead and PM me your email or phone. I'm take the lead on per-qualifying this group. I want it to be worth everyone's time with a focus to the meetup. It might take me a week to get back to everyone and coordinate cause the day job but it will happen.

Looking at the REIA options in Seattle there are a lot of good options however they are primary focused on Wholesalers and Flipping which is not true Real Estate Investing but a RE Business. In my opinion Wholesalers and Flipping is a full time job to do it right and is not passive.

Is there anyone out there who would like to get together and discuss passive investing/buy hold? I am NOT a marketer who will refer you to another local market specialist in Memphis/KC/Etc, I just want to get like minded investors together. Possible discussion topics:

-Lending/Financing

-Legal Structuring

-Macro Portfolio building

-Local Investing/Out of State Turn Key products

There are books and a plethora of blogs/forum on the Micro aspects of Real Estate however these Macro topics are better to discuss in person. Yes... this message is going out to you all REI BP Lurkers who are Passive investors on the forums so feel free to PM me to express your interest.