All Forum Posts by: Luca Giani

Luca Giani has started 41 posts and replied 73 times.

I am open to different options - of course something that is already cash-flowing is also an option we are considering.

@Luca Giani You'll probably get a lot of bites on this post from people in Detroit. Many folks working these types of properties across the Midwest to include Detroit. Some people I've seen here on BP call Detroit an easy place to find deals and a great cash-flowing market. Having been there and looked at properties in the area, be careful taking their word.

I am from Michigan, but now live back and forth between FL & CA. As a potential out-of-state investor myself, wondering why you're looking for properties that have the potential to generate cash flow instead of properties already cash-flowing. Are you going to be BRRRRing?

Just curious because in most areas in Detroit, cash flow is really the only reason out-of-state investors buy. Historically, appreciation has been abysmal compared to other markets across the country (except for maybe 2019-2021).

0 Votes

Detroit, Michigan

Hello everyone,

My name is Luca Giani, I am a real estate agent in California and together with a partner, we are looking to invest in a rental property out of state. We are looking at different cities/areas and one of them is Detroit.

What are we looking for:

- Single Family homes up to Fourplexes, max 160k, 20-25% down payment.

- Properties potentially able to generate CASH FLOW.

- A lender to work with that can assist us to get a DSCR loan to buy the property.

- A reliable management company that will take care of payments, maintenance, etc. in order for us to deal with our property/ies without having to be present physically.

We are looking, in the long/middle term, to invest in multiple properties so this could lead to multiple business opportunities for you and your partners (lenders, management companies, etc.).

Anyone willing to help?

2 Votes

Detroit, Michigan

Hello everyone,

I would love to start an Investment Fund with the purpose of investing in Real Estate in the US.

I am a real estate agent in California but born and raised in Italy. I would love to find a way to involve Italian investors who want to operate in the US market.

Any source, tips, or advice on how to set up a real estate hedge fund?

Thanks, any tip or suggestion would be appreciated

0 Votes

Thanks!

Originally posted by @Culin Tate:

You should start by talking with your tittle company and an attorney in your area with experience in real estate investing.

0 Votes

Thanks!

Originally posted by @Wayne Clark:

You may want to check with your lender and see if they have a Due on Sale clause associated with their loans before you go through with that plan, just to CYA. Although it isn't super common for lenders to use that, it can happen.

1 Vote

Hello everyone,

I am planning to buy the first Airbnb rental property soon. I am going to partner with another person and we are going to get it as individual and then transfer the title on an LLC after the close of escrow.

Is it kind of standard way of operating when dealing with this kind of investment?

Any tips or anything else I should know about it that would be useful to know?

Thanks!

0 Votes

Hello everyone,

I have a client whose company is going to provide a monthly check for him to pay his rent.

He is looking to try and buy a property using a Land Trust to own and using the money for the rent to pay the mortgage.

Is that a legal possibility?

0 Votes

Hello everyone,

I am doing some research about Exp Realty and I am very fascinated about their models. One thing I can't really understand is how good is KV Core system as lead generation: does it provides quality leads?

For my understanding it is something similar to Opcity, claiming a leads before everyone else.

Also I read about the chance to buy additional leads: what is it specifically?

Thanks to everyone who will respond to my question!

1 Vote

Me and a friend of mine wants to buy a property to rent on AirBnB (Upstate NY). He lives in NY, I am a California resident. We don't own any investment property at the moment. Anyone here that invest in property to rent on AirBnB?

Some questions:

- what is the best way to find the deal? how much downpayment is required?

- what is the best way to buy it? LLC or as individuals?

Thanks for the help!

0 Votes

Thanks Stephen!

Originally posted by @Stephen J Davis:

Congrats on your decision to start building wealth with real estate. There are three layers of protection for you.

1. Management style
2. LLC
3. Insurance

Guess which one is the most important.....management style. Focus on how you are here to serve the tenant. Keep the property in perfect shape and take care of maintenance immediately when you get a call. Think of this as the "ounce of prevention."

Insurance is the "pound of cure." If you do something stupid (don't repair a sidewalk) and get someone hurt, make sure you have $300,000 liability insurance on each house and a $1 million umbrella policy over all of your property.

I do not use an LLC on single-family but you could in some rare cases.

Make sure that you take a course on property management even if you are letting someone else manage them. You are responsible to know.

0 Votes

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All Forum Posts by: Luca Giani

Luca Giani has started 41 posts and replied 73 times.

Post: Looking for investors oriented agents for rental property

Post: Looking for investors oriented agents for rental property

Post: Investment Fund - How to set up a Real Estate Hedge Fund?

Post: LLC & Airbnb rental property(ies)

Post: LLC & Airbnb rental property(ies)

Post: LLC & Airbnb rental property(ies)

Post: Land Trust in California

Post: KvCore and Exp Realty

Post: Buying a property to rent on AirBnB: how to finance the deal

Post: Investing in rental properties & liabilities