All Forum Posts by: Julien Jeannot

@Kris Bano

That's a lot of things to chase on your plate. I'd invest passively, look into syndications or become the money partner of a successful investor.

@Nikash Rajeshbabu

The short answer is yes. Find yourself a local RE agent that has experience and expertise with this strategy to pick their brain.

 That covers it all.

@Dan Rushiti

Well done with your success. 

2 thoughts:

- At 30 years old, I would focus on building out your equity base rather then cash flow. When ready to retire, convert the equity into cash flowing assets.

- Tax angle: consult your CPA to figure out how to take Real Estate tax loses against the rest of your affairs. Consider the Cost Segregation strategy.

@Gabriel Gutierrez

Any thoughts on using washer/dryer units that require payments?

- Tenant have a habit of over using the units if they do not have a financial incentive to do so. The water bill is giong to go up.

- The extra income will help with replacement of these units as they will see more wear and tear by the use of 4 tenants rather then one.

- The paid units will be commercial grade and handle more abuse.

@Craig De Borba

No such things as "best" the structure you need is based on your wholelistic situation, risk tolerance, and goals.

Privacy is an expensive thing and requires a planning up front. You can easily figure out who the owner is by looking at the chain of ownership, registered agent, and mailing addresses. I've seen plenty of owners trying to hide their identity by transferring the asset into a trust or LLC, but it does not take a genius to figure out its the same owner.

As always with these things, best to consult with a lender, insurance agent, attorney and CPA that can take your whole world into account.

@Thomas Murphy

A tip: you live and die by your property manager. 

@Sam Trulli

Duplex all day long. 4 plex even better.

@Matthew Mclean

None. I start with my long term strategic goal and back into what I need on each project.

In my experience rules have way to hide opportunities.

@Nana Sefa

Here what I see:

- Too much DIY and low cost contractor. End of paying 2-3x in the end.

- No keeping up with state and local landlord laws.

- Not treating it like a business.