All Forum Posts by: Reid Frohlich

I have been using the BRRRR method for about 5 years before I knew it had a name. I am interested in partnering with a plumber, electrician, HVAC, and general contractor and giving them each 10% ownership in each property in exchange for their work on the rehab portion of the strategy. Thoughts?

I have 15 single family homes and I am interested in what the best insurance companies are.

Thanks

Reid

I have multiple people who want me to invest their money in rental properties as I already have 15 rentals myself.  I am not sure how to structure it and what blind spots I need to be aware of.  Is there anyone who has set up an investment group like this?

Thanks

Reid

I have 13 rental properties and I am planning on starting to flip three or four properties a year. Should I set up a new company for the flips?  Why?

Cody, did you find a CPA who specializes in real estate?

I am looking at using a self directed IRA to invest in my real estate business. I already have 10 rentals but would rather use that money to grow the real estate business. The little bit that I have read says that I have to hire a property management company and can't do any of the work myself. Is this correct?

I purchased the rights of redemption from a home owner in foreclosure. After the auction I used the rights to buy the house. The attorney representing the bank mailed a certificate of purchase to court . W hat is my next step? How do I get the house in my name?

How does the resale value on a modular home compare to a stick built home?

I currently have 5 properties that are valued at 320,000 and currently owe 160,000.  Up until now each of these have been on a separate 15 year note with 3 year periods of fixed interest.  We have been using our own savings to make 25% down payments and so far have invested 80,000 which means we have about $80,000 in profit or equity not purchased.  I have found a bank that will refinance all of the properties on a 20 year fixed note for a similar interest rate.  I have the ability to finance 80% of the total value leaving me cash to purchase more properties or I can just refinance what I owe and use the equity for down payments on future properties.  Seems like if I take the cash I will be paying interest on it while I am waiting to find new properties.  Is there a reason to take the cash out and have it on hand vs just sing equity as down payments?

Thanks