Hi Guys, I am interested to know the strategy to buy +60% of controlling shares of Co-Op building in order to convert it into rental units, has anyone been involved in this kind of deal?

Isn't there a certain way to kind of "cheat" the FHA system by downgrading from a 4 plex to a single family home? 

My background is in Finance, Valuation and Strategy and I have spent most of my time working in corporate, as well as one year on Wall Street... which all equates to not much real estate deal experience.I am most interested in wholesaling, BRRRR strategy, and finding a financial way to take down some large cash producing assets/portfolios.I am looking forward to gaining and sharing knowledge with everyone.

Kind of.

Appreciation seems too close to the same returns as index fund. what kind of appreciation have you seen?

My kind of family... 

I've run across plenty of wealthy people who I assume to be Accredited investors that make you wonder how they possibly could have come to accumulate any kind of wealth. 

@Percival P.I’m not all that familiar with VA loans so will refrain from giving advice but here’s a couple things to maybe look into: can you take title and receive the loan yourself and then later contribute it to the LLC and your partner contributes cash to the LLC in equal amount so that you are both equal partners just contribute different kinds of property?

@John Peine that sounds like my kind of deal.  

I had always thought that making a public record of personal debt might violate credit laws but the clerk's office didn't know anything about that.I'm kind of stuck here and unsure which way to go.