This is a great illustration of the power of private equity partners. 

In Depth;Scenario 1:You or your family have an LLC named FLLC with $X cash reservesYou place an offer on a property and purchase it via loan / note written from the FLLC(lets say 15% down);You then immediately go for a regular refinance and are able to to get down to a 15% down conventional as a primary residence or a 20% down investment propertyScenario 2: You or your family have $X in cash reserves You place an offer on a property and purchase it via cashYou then refinance immediately via delayed financing exemption (this may cost you higher interest rates because not all banks know about this or are willing to do it and this is a cash out refi which is a different product than a regular rate and term refi, again more points higher cost)You can only refi up to the cost of the purchase price + renovations cost OR appraisal price - whichever is lowerYou can see the clear powerful advantages of scenario 1 here if you purchase a property below ARV- my only concern is;- In scenario 1, banks will need your statements and will pull your credit, they will easily see that your HELOC or cash reserves or whatever were transferred to your LLC account and thereby be able to identify that the LLC funding you is yours.

I don’t necessarily need to get to the point of being a GP as I imagine that’s an entirely different animal, I just want to maximize the power of OPM to grow my portfolio and management, and recognize high returns for my clients.

I was thinking close to the base might be good for visiting Navy families & perhaps my son and some roommates could rent it during power school, but I guess close to the beach would be good for all families. 

We have a tenant that does not have the power bill in their name and now they are not paying the power bill or the rent.

At an ARV of $1,600,000 80% LTV is $1,280,000Which equates to $6.4 million dollars worth of leveraged buying power assuming a 20% down.

Simple things like “turn on the TV” generate far more messages with guests than it should because somehow the cable box and the TV power states get out of sync and they can’t figure it out (despite the fact that they get one universal remote to use).

I go back to the late 90s and think about the “cast of characters” ie companies that dominated the valley then, all or most have vanished but the valley has grown 10x more relevant and powerful as newer and more innovative companies have come in.

I do believe in the power of cities coming back to life once the pandemic effect is over which could be 2-3-4 years .. hence my interest in sfo .

Cynically, I also think that the most ambitious employees will want to be in the office where they can cozy up to the powers-that-be and brown-nose more effectively.And, to the extent that people want to be in the office, Covid may be the moment when people realize that the open-plan office is a great failure and a destroyer of productivity, not to mention a spreader of germs.