All Forum Posts by: Matt Ward

What is average % of rents going to repairs for everybody? Would be interesting to know.

Also good property managers as it seems this is harder in the area. Thoughts on Peter Lezeska?

Hey guys, new to Rochester scene as well and wanted to say hey and meet some of the players. Would love to connect and help wherever I can.

Basically reinvesting large ecommerce profits and planning to go hard in Rochester buy and hold. 

Why the hell are deals so good with Cap Rates etc? @Matt Handy what percentage of rents are you putting back into repairs and maintenance? I was seeing 15-20% on quite a few properties I been looking into, duplexes and quads.

@Matt Handy

bump. anybody?

have searched extensively but haven't found a good answer on this

Hi Matt, thanks for the great info.

Should I contact the card company and tell them to report to all bureaus?

For the car idea it is smart, except I like in Switzerland and don't have a car...

Other thoughts?

Hey guys, new to REI and looking to invest ecommerce profits.

Struggling with the whole credit thing. Didn't have a college loan, home loan or car loan in past and no credit card. Just got a secured credit card a few months ago because banks wouldn't give me credit card even though business was pulling tens of thousands in profit a month.

Just got pre-approved for a 1500 limit credit card and should be being shipped to me.

Now I ran a credit score and TransUnion gave me a 720 and the other two had no score at all...

What the hell do I do with real estate?

Looking to potentially sell the ecommerce business for around 7 figures, just started the listing process. If I don't sell, wanted to reinvest most of profits (~30-60k per month) in real estate.

Odd situation. Help...?

Thanks

Planning to invest in GA.

Question, from liability, tax and safety standpoint, what is recommended structure for company.

Thinking and have heard many times an LLC or S Corp as holding company with sub-LLCs in the states you own assets, one LLC per 20-30 units...

Would you make holding company an S Corp or LLC and why?

For where, does Wyoming or GA make more sense for LLC? Wyoming is better for LLC protection, taxes, anonymity purposes but GA is the state of business conduct...Thoughts?

Currently own Wyoming S Corp, opening another Wyoming LLC and live outside US, though US citizen. Thanks guys!

@Alex Franks the goal is long term, sustainable wealth. My ecommerce business has been quite successful and is bringing in significant profit I'd like to reinvest in more long term, safe real estate investments. The goal would be to be a either a passive investing partner or the main business guy who had others managing on the ground stuff.

Very interesting article, all kind of lines up. Thoughts?

Ps. Not my blog, just very powerful info and curious to see what those smarter and more involved in game say.

Needs to be viewed with accompanying charts so no point copy/pasting here.

https://www.distressedpro.com/2015-real-estate-crash/

Thanks for all the feedback and support.

Was looking at investing in either South Atlanta area where family lives (and live for 8 years) or Syracuse and Rochester area of NY State where I grew up.

@Jared Delaney way way too expensive. I could buy a house for 100-200k in NY State that would be 2 million here...

Pretty much what it says. I run several ecommerce businesses and live in Switzerland (among other places), staying out of US more than 330 days a year for foreign income exclusion.

What are recommendations going forward with real estate investment as someone outside country? Is it necessary to "hire" a partner in US to handle maintenance, day-to-day, legal stuff etc or is it feasible with property management company etc...?