All Forum Posts by: Matt B.
Matt B. has started 13 posts and replied 76 times.
Post: Feedback on Setting up Partnerships and Silent Partner/Investor

- Greenville, SC
- Posts 81
- Votes 16
Post: Need Advice - Best way to purchase Duplex via IRA?

- Greenville, SC
- Posts 81
- Votes 16
Post: Need Advice - Best way to purchase Duplex via IRA?

- Greenville, SC
- Posts 81
- Votes 16
Post: Feedback on Setting up Partnerships and Silent Partner/Investor

- Greenville, SC
- Posts 81
- Votes 16
Hello BP -
I have a few questions regarding business structure -
1. I am curious how one would set up (paper work wise) a business relationship with a peer who wanted to have an active role in the business ?
2. Also - would anyone have advice on setting up an investor relationship (if a peer wanted to invest money into the business but not have an active hand in the daily processes) Any feedback appreciated. I have set up my LLC as a solo venture but could at some point bring on a partner.
3. Also - if anyone use a self directed IRA to buy properties, can you roll an existing IRA or 401k into this new tax shelter shelter?
Thank you in advance!
Post: Robyn Thompson - "Queen of Rehab"

- Greenville, SC
- Posts 81
- Votes 16
Originally posted by @Jeremy Peters:
Her cash flow projection didn't include vacancies, property management, repairs or her payment to the seller.
Jeremy - would you have a model/sheet that does include these variable?
Post: Robyn Thompson - "Queen of Rehab"

- Greenville, SC
- Posts 81
- Votes 16
Originally posted by @Steven Biter:
Dell Schlabach l am primarily a buy-and-hold investor on owner financed properties, but have completed a few rehabs and have done several wholesale deals as well.
That might be surprising that I'm advocating so strongly for Robyn's courses when she is the "Queen of Rehab" and her class is primarily geared towards that side of the business and I am primarily buy-and-hold investor, but I'll explain that below...
When she teaches, she often has Larry Harbolt with her (If you haven't seen Larry's owner finance stuff, it is a first class course as well) and his techniques are more applicable to the nuts and bolts of owner financed deals, but the value that I took from Robyn in my business was from the organizational side of the RE investing business, specifically the accounting side as she has an accounting background having worked for IBM for 10+ years and the point of automating, outsourcing, and hiring folks to do that parts of the business that are not directly income-generating such as property management, filing, some lead generation, etc.
Those functions of RE investing were the 20% of my business that were creating 80% of my headaches and since I've implemented Robyn's stuff I get a lot more done and have much more time to do deals and get to even be a lot pickier with the properties that I take in to my portfolio or end up rehabbing, wholesaling, etc.
Can you go into more detail about the "headaches" you eliminated
thx