All Forum Posts by: Jim Biggs

I don't like the solution, but, we allowed a roughly 3/5 ft no mow zone on the banks of the lake. After a couple years both the geese and ducks are gone. They do not like to nest were predators may be lurking. Otherwise a good herd/hunting dog. Have the animal professionally trained.

Agree Syndication is the way to go. You would be hard pressed to find a more hands off easily accessible and available to anyone with cash and a willingness to educate yourself a little so that you could pass muster as a sophisticated investor as defined by the SEC. Using the guidelines below you should be able to do some basic calculations to arrive at a number you are happy with. By the way, never put more into you company 401k than what they match. Start an "individual IRA or Solo 401k and grow the nestegg even faster tax free.

• Double your money in 1 year, IRR = 100%
• Double your money in 2 years, IRR = 41%; about 40%
• Double your money in 3 years, IRR = 26%; about 25%
• Double your money in 4 years, IRR = 19%; about 20%
• Double your money in 5 years, IRR = 15%; about 15%

COC RETURNS

Using the Rule of 72. The rule says that to find the number of years required to double your money at a given interest rate, you just divide the interest rate into 72. For example, if you want to know how long it will take to double your money at eight percent interest, divide 8 into 72 and get 9 years.

So a COC of 10% would double every 7.2 years

Google efficiency in that area and pick apt.com site to compare. Start a spreadsheet and start to inputting all square footage and rents into sheet and calculate rent per square foot. Patterns will start to emerge.

Ellis hold a spot for 2. I'll email you.

@Ellis Hammond Going to see if one of my team can meet you there. Sorry I can't fly out last minute to meetup. Just got back from DFW, Jacksonville and Phoenix. Boston in July and SF in August. Would love to have coffee when you are in Chicago or somewhere on the road if paths cross.

Along with bonused appreciations the new tax law also affected vehicle  ownership as it relates to a business. You may be able to buy a lot more than you thought with the right  CPA. I'm surprised no one has chimed in yet. what do you own now, that you will be trading?

Imagine who you would love to be in 10 years. Dream as big as you can. Look for several people that are already there and offer your services to one of them. I admire what you're doing and wish you success although I have a feeling you're not going to need a wish. :)

I would offer a link to an article by an attorney in the greater Chicago land area. But, the last time I posted a helpful link  BP took down my post. So much for offering suggestions. Beware,on the North side of the city and with some of the suburbs we saw larger apartment complexes get a tax bill 3 times higher than the previous year. Not to mention we are fighting rent control.

"PROFESSIONAL" PM's  in larger multifamily (100 units or >) typically charge 3 to 5 % and no lease up fee or any of the other phantom fees. Stop worrying about these small out of state "so called" turnkeys and jump straight into large multifamily. Everybody eventually does so why wait?

Sounds fair to me. Now just a matter of entity structure! Carefull here as you could impose unwanted taxes on yourself.