All Forum Posts by: Anup Shah

Happy Winter to all of you!!

Me and my partners currently follow BRRRR strategy where we buy the property with HML and as soon as rehab is done, refinance it within less than six months. Now, for our next property together, I want to explore an option to fund the deal with my own cash where I can charge some interest and points (to our partnership) and refinance it as soon as rehab is complete (in 2-3 months). So, I wanted to know -

1) What is the high level process for the same?
2) Do I need to register as a lender or just LLC is good enough?
3) How do I document the points and interest rate and put the property as collateral?
4) How does the interest/profit considered from tax perspective since I will be lending the money to our own partnership?

Hi friends and future colleagues,

This is Anup, a newbie from Seattle area wanted to introduce myself. I've recently started learning about financial independence and soon realized real estate is a way to go (buy and hold mainly). I've invested in one SFR in Tacoma with partners who have been investing in this market for more than a year. The property is being rehabbed by them (I am a passive investor so have learnt few skills but not a whole lot during this process). I am continuously learning (reading forums and listening to BP podcasts every day during my commute to/from office.

My near term goal is to continue investing locally whenever it makes sense (close to 1% rent and at least some cashflow) and learn more about other markets for out-of-state investing.

Looking forward to connecting and collaborating with you all on the best platform on planet earth.

-Anup