
3 July 2024 | 54 replies
The east side is enticing from a pricing perspective but it is extremely rough.I would also highly recommend adding Detroit to your list of potential markets.

1 July 2024 | 1 reply
Will this impact our ability to get competitive financing (we are both well qualified as individuals and even more so together)?

2 July 2024 | 29 replies
Note I am not specifically referring to your BRRRR, but BRRRRs in general in this high rate market.

3 July 2024 | 3 replies
I've found some lenders that will go up to 80% sometimes, but I think your best bet might be a government-backed loan if you want such a high LTV ratio.

1 July 2024 | 3 replies
I would be using all of my own money for both the acquisition and the rehab.Also, I would (attempt) to GC this myself to save on the rehab.

3 July 2024 | 4 replies
Reading through some other forum posts, it looks like there are much simpler partnerships, entities, or offerings that would meet what I am trying to do:My Role:-Decide on properties to purchase, mostly SFHs-Establish LLCs or other business structures to hold the real estate and distribute returns-Purchase properties, using loans as needed depending on the ROI/cash flow desired from investors-Act as property manager for the properties-Depreciate properties held in business entities to minimize taxable income to investors-Distribute returns to investors-Create investments that have high cash flow (CF) and low appreciation (App) , moderate CF and App, low CF and high App-Find investors from connections, friends, and family with no public advertising-Advise in a minimal capacity on tax and real estate strategies-Send investment reports to investors-Be fiduciary to all investors-Receive compensation from PM and other management work I do related to the investmentsInvestors:-Can be non-accredited -Invest as little as $1000-Can use retirement accountsWhat references can people recommend for me to learn about business structures, partnerships, securities, taxes, or other topics to get me started on learning what will work for my goals?

3 July 2024 | 55 replies
Legal fees in NYC can be as high as 3k-4k.

1 July 2024 | 5 replies
And while I'm certainly not there yet in terms of real estate, I know that any hiccups in my acquisitions and scaling up won't come from a lapse in my asset protection structure.I hope this helps!

2 July 2024 | 73 replies
Do your market research to set your base price (filtering by private room, in your instance), stage it cleanly and simply, have some great photos taken, start your prices low, then go high, be responsive to their requests, etc.The biggest difference will be in your description.

2 July 2024 | 108 replies
I find the majority of them to have low repair costs and high ARV.