All Forum Posts by: Varinder Kumar

Investors prefer holding money in an LLC account rather than personal bank account...is the tax fees etc worth the investment, I say yes.

@aaronsmith thanks for the advise.  From the looks of where my goals are headed it seems as I would need to get both regardless of utilization of both or not.

@Micki M. Thank you so much for your response! The o lyrics thing that concerns me is the vacancy, which also the reason I want to go multifamily where my vacancy rate would be less than 100% (like my SFR). In any case my reserves should cover that. Thanks again for your respond. How's Denver market anyway as far as buy and hold? I went to Aspen to snow board a couple years ago and loved it.!

I am thinking about getting a HELOC on my current SFR in Orange County, CA to purchase multifamily properties. I currently have a clean 500 cash flow on it, I manage the property myself. Im looking to pull out enough to put a 20% down on the multifamily. From what I see my current cash flow will take care of the payments on the HELOC and ill be able to purchase my multifamily as well. I dont have any other source of funding other than this.

What are your guys thoughts on this? Good move on investing and moving up? thanks!

@Bryan O. Thanks for your reply. It makes sense and helps out! How ever it looks like i am going to be creating an LLC anyway because of the flipping im going to be doing, so my private money lender funds will go through that LLC. For my rental I think im going to just stick with umbrella insurance.

@David Faulkner I believe cap rate tells you something about profitability. But thats not the only thing one should look at as there are other variables involved when calculating profitability.

@Manolo D. Really? Please elaborate. Thanks

@Taye N. Thanks Taye, I am going to call the city tomorrow and find out exactly what it is i can do.  From the way the property is right now the back wall of home is not 5 feet away from the alley on the other side its more like 2 feet away from it and its divided by a fence. Ill keep respond again to you tomorrow to let you know what they said. thanks again!

There are so many other properties out there that you can purchase with a way lower purchase price which has a higher cap rate. Iv seen properties for 400k with 13% cap rate. Dont focus on the purchase price, just because it is an expensive property it does not necessarily mean it is good profitable buy.  

@David Faulkner Lol thats pretty crazy!