All Forum Posts by: Emma Chen

@Jeff Elmore Jr Welcome to BP. We have a good mortgage broker we used for buying our first home in San Diego. Let me know if you need one.

Emma

Hello Adrian,

I have EB-5 experience because I help my old company set up Regional Center and solicit investors . You can pm me for what exactly you are looking for.

Emma

Welcome Stephan! 

 Hello Dean, I am interested in Nashville too. Do you have any market information you could share? What neighborhoods/zip codes are you looking at in Nashville please?

Thank you.

Thanks @James Wise We are currently thinking not to start an LLC just for this Deal. LLC is definitely a way to go if we have more partnership deals in the future. We think this deal is too small to go through hassle setting up a LLC for now.

Hell all,

I am about to buy a rental house out of state all in cash with an equity partner, who will contribute 90% of fund and I will contribute the rest. I have already bought 2 houses on my own. This is the first time working with a partner. I will work as asset manager( not property manager) after closing the deal.

We will sign a partnership agreement stating our partnership and ownership of the house.

My quick question:

Should we both sign the purchase and sales agreement so we can both be on the deed? I was planning to let my partner sign the PSA alone so it will be easier for future sale of the house. 

In this case(I wont be on the deed), is there going be some potential risks for me?

Much appreciate your time!

Happy holidays!

Emma

Based on your numbers, your COC return is 20%. Good return for sure. One thing, do you manage your property on your own? If so, you need to count 8-10% management fee in operating expense. In this case, your coc return will be lower.

Agree with @Tim G. $527 is retail price for decent house in Poway.

@Thomas Williamson It helps a lot. Thank you and good luck with all your properties. 

@Thomas Williamson I have heard that it is hard to rent out houses in Atlanta, not only in winter. I am trying to get into the market but got warned that it's hard to find tenants in general even for nice houses. Is it true based on your experience?

Thanks,

Emma