All Forum Posts by: Lawrence Rutkowski

You can have the best of both worlds by electing s corp status via your LLC. Check into it.

Hey Felix,

I just came across F4F and was curious about it too.  I see you received no responses, but did you end up using them?

How many refi's can you do with bank financing?  Hard money is expensive, yes, but how many mortgages will banks typically lend?  I was under the impression that after 4, things start getting tough..

Hello all,

I am looking at acquiring my first apt complex and I'm not sure exactly what information is necessary to provide to my money partner.

I already have a vague picture through having effective gross income/operating expenses and NOI, I'm not sure what else I need to look at to valuate these buildings.

Any help would be much appreciated. 

Great insights, thank you all for the food for thought.

Hello,

I currently own investment properties in Buffalo NY, which are each treated as an LLC, and a single family home in which I live in San Antonio TX. Is it possible/legal for me to transfer the ownership or sell my home to my corporation, or to another one I file, then pay myself rent, as well as deduct repairs and other property expenses that you cannot deduct from your personal residence through that corp?

Any recent thoughts on the pros/cons of going the franchise route, ie: homevestors?Just wondering if the juice is worth the squeeze. 

Any current thoughts on the pros/cons of franchising, ie homevestors?

Is the juice worth the squeeze?

Hello,

I now live in Texas, but have roots in Buffalo, NY. I already own one FHA financed duplex there. I'm looking into a partnership with a friend who still can take out an FHA loan to buy a property. I have the money, far more experience managing a rental, and connections to various contractors, he has none. The general plan would be this: He takes out an FHA loan in his name on a quad, I pay the for the down payment and closing costs. If there are repairs we would either take out and FHA 203k loan, or split the improvement costs. He would live in one of the units and manage the day to day activities, I would assume a consultant role while he gets his feet wet. The idea as of right now is to hold the property as the FHA loan allows for the highest, low cost margins on a rental property. Any suggestions on how the equity should be divided in this venture?

There are many factors and strategies to look at when investing in real estate.  No single way is "good" or "bad". My very first duplex I purchased I've been cash-flowing a net of $1,000/month, however if I were to sell it after the $7,000 I put into for down payment and minor cosmetic improvements, and the fact Buffalo Ny properties appreciate veryy slowly, I'd end up losing money.  So depending how you look at it, a 70k investment that grosses me $18k a year, having used little of my own money, or a house that I have almost no equity in, I'm either a genius or a fool. Sounds like a pitch for a seminar, or you just needed to find a new way to manage, and buy your properties..