All Forum Posts by: Gino Barbaro

@Aj York

DM me and I will connect you with a property manager/investor

Gino

@James Crothers

what made you pick 10 rental properties? Is that 10 units, 10 buildings?

@J Shoe

You can get into the syndication business, and raise money from investors. If you're looking for seller financing, you need to look at deals that people would finance to you. If you approach a broker and ask for seller financing right off the bat, it isn't going to work out well.

Gino

@Paul Florez

I would ask @Dave Foster if you qualify for 1031 if you sell even if you live in one apartment.

I am afraid if you get a situation where you have to evict and it takes months. I always try to plan for worst case scenarios, and carry enough reserves

Gino

@Paul Florez

I would myself be hesitant to refi and go negative with my cash flow. A couple months of vacancy or repairs could put you behind the eight ball.

You could always sell the duplex and take the equity and roll it into something bigger. You could also refi the property with an 80% LTV, take less funds but have more stability

Gino

@Daniel Sabato

It depends where you are going to invest and if you're looking more for cash flow or appreciation. I din't have enough capital to start on my own, so I partnered up and did a few joint ventures, sprinkled in some seller financing, and then syndicated a couple of deals, only to return to joint ventures.

Pick a strategy, then a market, then start to network with all the brokers in the market. $400k is plenty to get started.

Gino

@Tj Hock

Great post and thought provoking question. I think the most important thing when trying to rent a unit is quickness to respond. If you don't respond, they're off to the next opportunity.

1-2 days may be too long, especially in a competitive market. (Just my opinion)

Gino

@AJ Wong

We've closed 3 deals with Credit Unions this year. Community banks got hammered last year after the rate hikes and credit union terms blew them away.

We got 25 yr am, 2 yr I/O 6.75% 80% LTC

It's always the right time to buy real estate, although some times may be more challenging, it isn't always the right time to sell.

It's only the right time if you are committed!

Gino

@Nirav Patel

I would visit the site before I invested, and possible other deals that the syndication group owns. I would also vet their property management before I invest with them, along with a slew of other team members.

Not much as an LP once you're invested.

@William Coet

GPs are signing on the debt, finding, managing and running day to day. They get compensated with fees and equity in the deal. Their advantage is they get equity in the asset for not putting in capital. They control operations.

LPs are passive. Their liability is limited to the deal itself. Once they find an opportunity, they invest in the deal, and their obligation is usually over. To some, that's an advantage. To others, they would like to have more control.

I think the goal of many is to build enough equity by being a GP to ultimately become an LP.

Gino