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All Forum Posts by: Joe Prillaman

Joe Prillaman has started 66 posts and replied 418 times.

Post: Year One - 7 Deals and No Money Invested

Joe Prillaman
Posted
  • Rental Property Investor
  • Carolina Beach, NC
  • Posts 441
  • Votes 462

@Michael Ealy, yes I agree with you! Eventually I would like to jump into apartment syndication. I’m currently going through The Best Ever Apartment Syndication Book by Joe Fairless! I’m very conservative with my numbers and I’m currently pouring all the money I make into additional investments! Looking forward to being in a position like yours one day.

Post: Year One - 7 Deals and No Money Invested

Joe Prillaman
Posted
  • Rental Property Investor
  • Carolina Beach, NC
  • Posts 441
  • Votes 462

@Delicia Williams, no I did not. Under my personal name. I would get an umbrella insurance Policy if you are worried about liability. Super cheap and helps me sleep at night.

Post: Year One - 7 Deals and No Money Invested

Joe Prillaman
Posted
  • Rental Property Investor
  • Carolina Beach, NC
  • Posts 441
  • Votes 462

@Ethan McRae, yes I have gone into more detail in a few previous posts. Shoot me a message and I’ll be happy to go into more detail with you if you have any specific questions!

Post: Year One - 7 Deals and No Money Invested

Joe Prillaman
Posted
  • Rental Property Investor
  • Carolina Beach, NC
  • Posts 441
  • Votes 462

@Deb S., full time job I’m an industrial sales rep!

Post: Year One - 7 Deals and No Money Invested

Joe Prillaman
Posted
  • Rental Property Investor
  • Carolina Beach, NC
  • Posts 441
  • Votes 462

@Justin Kalieb Bartram, increased my net worth by 100k through forced appreciation.

Post: Year One - 7 Deals and No Money Invested

Joe Prillaman
Posted
  • Rental Property Investor
  • Carolina Beach, NC
  • Posts 441
  • Votes 462

@Joel Gierbolini, depends on which investor I’m using. I get rates between 7-12%. Typically 1 year loans, interest only with a ballon payment at the end of the note.

Post: Year One - 7 Deals and No Money Invested

Joe Prillaman
Posted
  • Rental Property Investor
  • Carolina Beach, NC
  • Posts 441
  • Votes 462

@Doug Henderson, I'm using a mortgage broker send me a massage and I can get you connected to him. I'm refinancing into my personal name but I did get an umbrella insurance policy to add an additional layer of protection. My Airbnb's are in an LLC. Typically 5ish percent on the refinance.

Post: Year One - 7 Deals and No Money Invested

Joe Prillaman
Posted
  • Rental Property Investor
  • Carolina Beach, NC
  • Posts 441
  • Votes 462

@Joel Gierbolini, not yet but that is the future plan! Right now I’m just using private money to fund my deals.

Post: Year One - 7 Deals and No Money Invested

Joe Prillaman
Posted
  • Rental Property Investor
  • Carolina Beach, NC
  • Posts 441
  • Votes 462

@Brett Tvenge, send me a message we might be able to meet up!

Post: Year One - 7 Deals and No Money Invested

Joe Prillaman
Posted
  • Rental Property Investor
  • Carolina Beach, NC
  • Posts 441
  • Votes 462

@Chris Connolly, I do not own an apartment complex but I did do complete rehabs on my single family homes and did rehabs and extensive staging on my Airbnb’s!