All Forum Posts by: Chris Hill

Definitely a cool idea, I have heard of similar concepts.

Unfortunately I’m not as comfortable or experienced in that route. Definitely interested more in traditional buy-and-hold which I have experience doing. But thank you for your reply!

I live in Utah and I can’t find anything that cash flows within 500 miles, so I am ready to buy out of state.  I can find $150 per door in Utah, but I’m sure I can find better producing markets and I am confident I can build a team. Looking for buy and hold.

Now maybe this is tough to find, or if you do know where it exists, you would buy it yourself.  But if you can help I am ready to go.

My goal:

-At least $400 per door, preferably multi fam after all expenses, management, etc.  a bunch of single fam would be fine as well.

-b to c properties

-landlord friendly state

-not Concerned about appreciation, just looking for cash flow

let me know if I can answer any questions!  thanks!

Here is my status

I have 10 properties, two of them recently paid off. Ultimately I’ll do 10 LLCs for each one, but for now I have started two new ones for the paid off units, and the rest are still in one.

I was told by an attorney to do a master llc with sub LLCs under it. Now, I know what a series LLC is, but have not really heard of a master. Whats the difference? why use it?

If I have them all in separate LLCs and truly run them separate, is there any reason to have series or master LLC? What is the benefit?

Lastly, with separate bank accounts, if I needed to transfer funds around, what is the proper way of doing that? LLC to me, and the man me to different LLC? Never LLC to LLC?

Here is my status

I have 10 properties, two of them recently paid off.  Ultimately I’ll do 10 LLCs for each one, but for now I have started two new ones for the paid off units, and the rest are still in one.

I was told by an attorney to do a master llc with sub LLCs under it. Now, I know what a series LLC is, but have not really heard of a master. Whats the difference? why use it?

If I have them all in separate LLCs and truly run them separate, is there any reason to have series or master LLC? What is the benefit?

Lastly, with separate bank accounts, if I needed to transfer funds around, what is the proper way of doing that? LLC to me, and the man me to different LLC? Never LLC to LLC?

I’m accredited but have zero relationships. I’d be looking for something passive.  Thanks!

That’s a great idea! I’ve been south managing for six years so I actually don’t know any property managers. What would be the best way of finding property managers in the Ogden area? Other than Google…

Hi all, I’m investor in Ogden. I’ve been looking for the past six months for additional cash flowing properties. I cannot find anything that will cash flow more than $200 per door. With prices being so high, what are you doing currently? Are you waiting for prices to drop in the future?

Is anyone in Utah doing syndications? How can I get involved?

Ok similar question and I’m guessing the same answer.  

I have 5 other units I just refi-ed 

All 150k loans at 4% for all 5.  

If I had an extra 1-2k cash, would it be better to snowball, or pay $250 on each.  

If snowball, would they be paid off sooner doing snowball?

I’m guessing the answer is still yes?

Perfect! Those are the exact answers I was looking for. Yes one year sooner is a definitely worthwhile. Thanks for detailing that out!

Sorry that didn’t make sense. Doing one at a time would be faster than equal overpayments?