Jeff Castro
Is what I’m doing stupid? Personally and financially
24 July 2019 | 4 replies
Live in a cardboard box as long as your family is safe, happy, healthy and gets a good education!
Account Closed
How would you turn $500,000 into 5 million in 5 years?
2 August 2019 | 88 replies
@Monique ODell I would purchase 10 - 200 unit complexes that produce 500/monthly cash flow on each door.
Raphael Collazo
Multi-family prospects in 2019 and beyond
28 July 2019 | 6 replies
Do you believe that the increased demand for multi-families opens up opportunities in other income producing asset classes (i.e. storage facilities, retail centers, industrial properties etc.)?
Robert Mitchener
How to make an offering to the right lenders
24 July 2019 | 2 replies
Given that we can field only such a low amount to purchase properties that we want to buy and hold to produce a stream of income, we are having trouble finding (as one lending company called it) the "unicorn" of funders, someone who would be willing to finance up to 100% in some deal created for this purpose.The properties I am looking at range from 65k to 109k, so we've been looking for anywhere between 70k for 1 property to 440k for 5 properties.
Ken Tsui
Does buyer owe title fees upon a cancelled contract?
25 July 2019 | 4 replies
@Russell Brazil YUP exactly right the agent write the contract no charge they get paid for a closing.and a good agent or higher producing agent the title company just writes off the title report..
Travis Houck
Getting started + Syndication
10 August 2019 | 6 replies
I'm referring to visual boards, healthy life style, changing limited beliefs.
Jonathan Trimboli
Protection your assets
25 July 2019 | 6 replies
@Jonathan Trimboli In regards to per LLC Distribution, you should also look into these threads: - separate-llc-vs-one-llc- break-portfolio-into-multiple-llcs- should-you-form-a-llc-for-each-individual-rental-propertyYou should look into Series-LLC and see if that's an option for you - then you don't need to worry about this question, as you can place a property in its own children Series-LLC that you can form when needed.As for distribution, you can have one or more per LLC, and that depends on multiple factors:- property class - you might not want to mix A class property with a D class property in the same LLC, due to different tenant level- cash flow - you might want to keep your cash flow cow separate from the ones that barely produce- equity - you might want to keep the one with large equity in its own LLC while you can group the ones with little equity in another LLC (let's say you have one with 50K equity in its own LLC and 3 other each with only 10K in another LLC, till their equity grows to your risk threshold when you move them out in their own LLC).- number of units (in the case of MF)- location of real estateThe investor has to decide what mix is optimal for their situation + how-many-properties-do-you-have-in-your-llc
Steven Mojsej
Costs covered in rental income
25 July 2019 | 5 replies
You need to get enough to cover the mortgage payment, property taxes, insurance as well as producing some cash flow is the ideal situation.However with that being said, I know some other investors that have included utilities built into the property as well.
Brian Jones
First Meeting With Bank
26 July 2019 | 13 replies
One thing you can do is go to biggerpockets.com/calc The calculator tools are great and will help you to produce a professional presentation.
Matt Everling
Benefits of using a self-directed IRA for multifamily investment?
15 August 2019 | 30 replies
Having your IRA own a stable asset that produces consistent income might be better for the IRA than investing in paper assets that shift in value with the news cycle.Comparing an IRA investment in real estate to a personal investment in real estate is comparing apples and oranges.