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27 May 2024 | 5 replies
Note: I left my corporate job over a year ago and building a startup (beyond real estate) so I believe this limits my options re mortgages, yes?
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29 May 2024 | 13 replies
If you can take on another job or work more hours to build up some savings you can get a primary residence with little to no down payment if you can find the programs in your area.
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28 May 2024 | 11 replies
Trust but verify.
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27 May 2024 | 7 replies
I found myself attending in-person networking almost weekly prior to the pandemic, but we live in a different world, and the digital shift has made it harder.Currently looking for personal investment deals in the area, and also passionate about connecting other local investors with trusted service providers.
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29 May 2024 | 26 replies
I get it, build a team, hire professionals, blah blah.
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29 May 2024 | 6 replies
Build equity over time and take advantage of tax write offs and appreciation. 3-400 a month on a 70k investment is a 5-6% cash on cash return - you can get that in a high yield savings right now, and, that's objectively a lot of cash to shell out.
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29 May 2024 | 9 replies
@Simmy Ahluwalia I'm a builder in Atlanta and I'm starting to delve into the spec build market.
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29 May 2024 | 27 replies
The contact told me we should separate the 1099 income from s corp entity, that would already save us money.we should also give a percentage of our s corp as shares to our two daughters, that would also save us taxes.I also want to get into real estate investment to build passive income.
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29 May 2024 | 21 replies
Open to loans but only if we net 10k a month after mortgage payments With 2 million dollars you could solely fund one of our ground up development deals at 15% down on a 50,000 sq ft building which we put about 70 units in on non recourse debt for land we already have locked up and entitled. don't buy and hold, don't listen to any of the 20 agents from columbus here who try to sell deals that are garbage. if buy and hold was the answer you'd see massive capital pools in columbus buying deals up. that was the model in 2014. all of the value creation is from ground up development partnerships. we can build with land cost below 65% of finished asset value on lease up and you can have no risk into the deal. the deal I'm talking about is a 12 story deal that we are working on. in columbus you can get downtown land for $400k that is about 0.22 acres right now with unlimited height and unlimited floor area ratios and build massive equity from joint partnerships.
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30 May 2024 | 6 replies
I've done this 4 times and it has worked out great to build my rental portfolio.