All Forum Posts by: Amod Karve

 Thanks Stephanie. I mostly want to understand how do I go about figuring out the demand / vacancy rates for MTR before investing in furniture etc on my property. I doubt that there is AirDNA kinda like data that I can use.

Also would love to connect and understand more about this space from you when you have some time.

Hey all,

I have a rental property in Clifton NJ that is currently an LTR. With the tenants moving out, I'm toying with the idea of converting it to an MTR. Would love to talk to someone in Northern NJ who is knowledgable in this area or is already involved in MTR here. 

Thanks! 

Amod

thanks. will look into it.

I'm looking for property managers in Central jersey to connect with. 

Is it possible for a seller to do a 1031 exchange when they sell an LLC with real estate assets in it (without selling just the assets themselves). We're looking at a situation where it would be tax-advantageous for us to buy an LLC (unit sale) vs purchasing just the assets within an LLC. However, since the seller wants to do a 1031 exchange, I'm wondering if would be possible for them to do so (to buy real estate or perhaps another LLC that has real estate in it).

If you know someone who is experienced in this kind of thing, would love to connect and talk more. Thanks!

I have two current rental properties (1 in NJ and the other in OH) and looking to acquire more (possibly in OH). The new properties will either be long term rental or STRs. I am considering moving my existing properties in an LLC and buying the new ones in an LLC as well. Would love to connect with lenders who have dealt with such scenarios

Also, I would really love to learn hands on about note investing. If anyone would like to be my mentoring partner and show me the ropes, I'm happy to bring the funding and share a cashflow / profit percentage (with the mentoring partner) as they see fit for the deal. I hope this will be a win-win for both of us as I get to learn hands on and the mentoring partner gets to share a piece of the profit without having to fund the deal.

Please DM me if this sounds appealing.

Thanks

Amod

 Hi Chris, 

I signed up for PreREO, but I'm not entirely sure how it saves time. I believe I still need to do due diligence on the notes (or am I missing something). On that note, do most people here have a team that you rely on for due diligence? If so, how does your team look like?

Thanks for all the help so far. I am learning a lot!

Amod

 I want to use the money to invest in new deals and grow my portfolio.