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2 July 2024 | 3 replies
@Sheri Rolfe if you’re already under contract, read through it carefully as it will usually explain if there’s a way for you to cancel without you being in default.
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3 July 2024 | 25 replies
So a sponsor that's great for one investor will probably be terrible for another (and vice versa).I'm a conservative investor, so when I invest in real-estate I prefer sponsors that have at least one full real-estate cycle of experience, little to no money lost, low leverage, and high skin in the game.And there is a multi-family operator that has multiple real estate cycles of experience (decades) and it's track record claims no money lost in that time.
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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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2 July 2024 | 108 replies
I bring an analogy from our every day experience.
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3 July 2024 | 6 replies
While the West End market has been hot this past year and will continue to experience high demand, pulling comps from 7-8 months ago is ill-advised.
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1 July 2024 | 13 replies
She later leveraged her experience to teach others how to harness the potential of virtual assistants globally.One crucial lesson I learned was the importance of timing.
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3 July 2024 | 3 replies
My experience is to spend some extra time and get granular with the data so it best fits your marketing needs.
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4 July 2024 | 7 replies
I'd really appreciate any suggestions from anyone that has had a similar experience.
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3 July 2024 | 12 replies
If I get the condo, I would just rent it out after my departure in 1-2 yearsThanks in advance for reading and for any advice or insight you may offer to my situation and/or question above!