All Forum Posts by: Brooks Rembert

I would go the long-term residential route. I'm sure your wife can attest that vacation rentals can be a bit of work.

In my mind, better to have a tenant there for 12 months instead of seven days.

For a four unit, a regular residential broker should be able to cover it. I'd start with the Allstates and State Farms of the world, then maybe go through a broker.

Rembert, LLC is a Virginia Limited Liability Company based in Williamsburg, Virginia and is arranging for the acquisition of undivided real estate interests in the above property by a limited number of investors. The property currently consists of 59 units and is offered at $1,250,000.

We are seeking a total investment of $650,000 with a minimum of $50,000 per investor. The investor pool will receive 90% equity in the building with a projected average annual return of 14%

I use 5% as a safe, conservative number just to leave myself some cushion in case unforeseen items come up.

Best of luck!

@Ricky White Like @Brian Tremaine said, there's not really enough info. And also, if you are trying to put together a deal where you're bringing in investors, 60% is probably a bit low of an equity stake for them. Typically, the investors should be getting an equity stake of 75%-80%. 

Also, your exit strategy, whether selling the property or refinancing and paying off your investors should be no more than about 7 years, with 5 years being more appealing to most.

Hope that helps some.

@Timothy Ryan

My two cents is to hold off on the LLC until the need arises, i.e., you've found a property, get under contract, etc.

As far as business cards and a website, do it now. Business cards are still great for networking events and a properly optimized website can be a great tool for gather leads and writing articles to start getting you name out there.

Best of luck.

@Ariana Naranjo

I just sent you an email. Thank you for reaching out.

We have a six-unit apartment building under contract for $210,000 and are looking for financing options that will maximize cashflow.

The units rent for $700 per month each ($4,200 per month gross) and our underwriting is assuming 45% for expenses and 10% vacancy, which puts our internal value on the property at approximately $249,000 based on a 10% Cap Rate.

The property is in Port Charlotte, FL, one of the top 25 places to retire in the US in 2015 according to Forbes magazine.

We have other financing available, but I'm reaching out to see if there are better alternatives.

I look forward to hearing from you.

@Jonathan Plant

 I just sent you a PM. Thanks for the questions and the inquiry.