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All Forum Posts by: Kon Zel

Kon Zel has started 10 posts and replied 141 times.

Post: Where should I invest?

Kon ZelPosted
  • Rental Property Investor
  • NJ
  • Posts 152
  • Votes 56
@Elizabeth Roncevic So far so good but I'm really looking to expand out of state rather than here.

Post: Where should I invest?

Kon ZelPosted
  • Rental Property Investor
  • NJ
  • Posts 152
  • Votes 56

Elizabeth - 

I can relate, I live in the same area.  I have investments mostly out of state, just need to build your team.  Make sure you have people you can trust.

Post: I want to purchase my first multi-family -Check Report

Kon ZelPosted
  • Rental Property Investor
  • NJ
  • Posts 152
  • Votes 56

That CoC return is way too low. I'd keep searching.

Post: Where Should I Form an LLC if I'm an Out of State Investor?

Kon ZelPosted
  • Rental Property Investor
  • NJ
  • Posts 152
  • Votes 56

I'm going through some of this right now. Can someone recommend a reputable firm to redo my legal structure? I have a LLC in CO and NJ, but want to set up an OpCo in WY that will own the other LLCs.

Any recommendations are appreciated.

Post: Memphis? Memphis. Memphis!

Kon ZelPosted
  • Rental Property Investor
  • NJ
  • Posts 152
  • Votes 56

I'm looking for some boots on the ground in Memphis.  Let me know if anyone has recommendations.

Post: How to sell turnkey rentals to out of state buyers?

Kon ZelPosted
  • Rental Property Investor
  • NJ
  • Posts 152
  • Votes 56

Ronald I'm somewhat familiar with the upstate market, but it's been a few years since I've been up there.  There are a lot of dilapidated houses, but there's probably a reason for that given the macro factors in that part of the country.  

There are some neighborhoods that are decent and could warrant some investments. but definitely have to selective.  

If you see any true deals in decent neighborhoods, send them over.  I'm always looking for new opportunities. 

Post: New to flipping and looking for properties in New Jersey

Kon ZelPosted
  • Rental Property Investor
  • NJ
  • Posts 152
  • Votes 56
Originally posted by @Keith T.:

Newark NJ It’s upcoming city prices are still low.

 Just stick closer to the water or Ironbound

Post: Large fee from my PM on a wasp nest removal

Kon ZelPosted
  • Rental Property Investor
  • NJ
  • Posts 152
  • Votes 56

I have a good PM in Denver if you decide to switch.

Post: Anyone investing Bethlehem, Pa? (Lehigh Valley)

Kon ZelPosted
  • Rental Property Investor
  • NJ
  • Posts 152
  • Votes 56

I've been looking at Easton and Allentown a lot lately, but still am hesitant.  

If anyone has connections to the area, hit me up.

Post: Multi-Family Syndication Help! (first one...)

Kon ZelPosted
  • Rental Property Investor
  • NJ
  • Posts 152
  • Votes 56
Originally posted by @Lane Kawaoka:

Rhett Z Begley if the raise that is needed less than 600k then it’s not worth it to syndicate and do an expensive ppm.

Instead get it done with a few friends and do a simple JV agreement.

Maybe I'm being too literal, but can't you get most of the benefits as managing member of an LLC (JV) as you would from being the sponsor? Aside from the ability to solicit interest, the benefits seem similar - can determine payout structure, retain control, etc.

Am I missing something?