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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?
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3 July 2024 | 0 replies
We build long-lasting relationships and make it possible for people to work together again by focusing on results that are good for everyone.Early on, I learned how important it was to look over deal sheets carefully and never accept the first offer.
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2 July 2024 | 7 replies
Good stuff - you are pretty spot on - technically people max out under conventional loans at 10 - but oftentimes its with fewer properties as people run into hurdles before hitting 10, some of which you mention - wanting to diversify strategies, multifamilies, needing LLCs etc.I think you are on the right track for DSCR Loans - I always say that DSCR is really perfect for people in the 5-50 property range - typically conventional is the best fit with your first few, and then when ready to make the "jump" to scaling bigger and faster - DSCR is the best bet.
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2 July 2024 | 18 replies
Sometimes you just find people who don’t understand even the basics.
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2 July 2024 | 5 replies
Also, Matt and his team are great people. http://ohc-bnb.com/sleepPM me if you want Matt's contact info
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2 July 2024 | 20 replies
@logan @Logan M.don't tell these people the truth we don't need them in our niche, no competition is great
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2 July 2024 | 23 replies
BP is the right place for hooking yup with people.
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2 July 2024 | 14 replies
Current Situation: I am trying to househack a house in Cincinnati as I have 4 people who have agreed to live in the property that I buy.
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2 July 2024 | 2 replies
Would love to connect with agents and other people who are familiar with the house hack model in this area.
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3 July 2024 | 55 replies
@Jessenia Hartage Most people on here are afraid of NYC and have certainly never been to Queens, so I would take the warnings with a grain of salt.