All Forum Posts by: Michael Ansley

Hey Everyone,

Here is the situation and I'd love to hear your thoughts. I'd like to get more liquidity to be ready to strike on investment opportunities as the economy worsens. The best way I can come up with at the moment is to sell my single-family rental in Virginia that is cash flowing about $340 a month and counting. From everything I've learned in economic times such as the one we're in its best to hold on to income producing properties especially when they are in an appreciating area. If I refinance my VA rental at today's interest's rates, I'd have single digit negative cashflow but, will have access to about 45k-50k. If I sell the property, I'd net about 115k but, will lose the cashflow but I would have the cash available to buy another investment that could get me out of the rat race. Keep in mind that I have other properties that are Cash flowing but, they are owned in a partnership, and we'd break even at best if we sold it now and we'd have a major negative cashflow if we refinanced now at today's rates. I think it's best for my business partner (given how we structured the deal) that we just hold on to these for now and keep the great cashflow.

Given some of the predictions of the economy that forecast a major deflationary economic environment between now and 2025 that could see all types of investments selling at a 50% discount what would you do? Would you sell now, refinance now, or wait a few more months or longer before exploring these options again? My other concern here are that banks are also failing. If I liquidate and a bail in happens my capital may be at risk.  Thanks in advance. I look forward to hearing from all of you.

-Mike

Hello All,

Me and my business partner are going to close on 3 duplexes outside of Atlanta in a few days. All 3 duplexes are right next to each other and have 3 different mortgages with the same bank. My questions for the BP Community are:

Should I put each duplex in separate LLCs or put all three under one LLC?

Should  I open 3 separate business accounts for rents to be deposited into?  Or should I have one business account for all the tenants of the 3 duplexes to deposit rent and pay the mortgage from that one account?

I love to hear BP's feedback.

Thanks AJ. H.

Hey All,

My business partner wants me help him buy his first investment property(4plex). He has the cash to buy it but, not experience, or the credit to do it. That is where I come in. I own one investment property and have the 750+ credit needed to do deal. My business partner stated that he would like to keep all of the cashflow and is willing to buy me out to do it.

Any suggestions on how I should structure this deal? Is there a typical amount paid to buyout a partner? I have my own ideas but, wanted to hear from you. Any suggestions would be much appreciated.

Thanks @Bruce Woodruff. I appreciate your input.

Lol. Thanks @Ray Danishyar. This is very helpful. Much appreciated.

Hi @Charlie MacPherson thanks for the advice. It's Much appreciated. Buying a business is a great idea. As much as I love laundromats(and I've looked into buying one) I have yet to find a business that I actually like and allows me the time freedom that real estate offers.

@Terrell Garren thanks a lot.

@Patricia Steiner lol.

Hey @Yoann Dorat thank you for the input. It's extreamly helpful. I've done telemarketing and sales over the phone, It's actually my preference.