All Forum Posts by: Rakumarudu Nijam

Hey Megha!  As others have mentioned it is a trade off.  In the current market we are doing majority with no prepayment penalties since there may be an opportunity to refinance if/when rates comes down.  But also weigh the alternative of how costly the prepayment penalty is.  We are handling one now where the prepayment penalty will be $750, and it was a nobrainer since he is getting better terms.  

This property is over 3,000 square feet and sits on a 1 acre lot.

There are already 2 pools and a hot tub!

Off market and multiple comps showing an ARV of $1mil+

PRICE: $575k

Cash/HML

Call me or text!!

Kylee Smith - 409.673.4263

License # 786352Brokerage #9003665

I highly recommend Zachary Copp at copplaw.com.

I initially looked at Royal Legal, Anderson Advisors, and KKOS. After this thread I hired Anderson Advisors for a WY LLC and their anonymity strategy. They were solid, but their Series LLC was 3-4 times as much as KKOS, so I went with KKOS for a series LLC in TX. But then I regretted it because they couldn't seem to maintain my anonymity in their process, and I'd already learned that it was supposedly possible.

Then I read this article from Zachary Copp at copplaw.com and contacted him. He gave me a free consultation where he was very knowledgeable and helpful. I wish I'd gone with him to start with, and he's the one I'd hire in the future.

@Rakumarudu Nijam - which Austin Real Estate Investment Meetup? 

I used RLS back in 2018, when they were still ascending in their fame and riches, and not yet so expensive. Don't know a really good source now, stay away from Andersen, but first question is, do you really need asset protection? A lot of it is based on F.E.A.R.: False Evidence Appearing Real.
2nd question, have you done all the necessary precursors? 

@Ricardo Cuadros Great news! Starting tomorrow, May 1st, 2024, we're launching a new service that connects real estate investors with vetted and trustworthy property managers. This service includes managers experienced with Section 8 rentals, so it could be the perfect solution for your needs in San Antonio. Let us help you find the right property manager for your investment!

I found them to be incredibly overpriced and focused on fears that are likely never going to apply.