All Forum Posts by: Rafael Brown

@Alex M. Awesome!!! Thanks!!! I own a couple of properties (4 doors and free and clear) but my partner wants me to put the properties into the partnership, which would be my equity into the business. He would then pay me a draw and I would be responsible for paying the draw back to the company. Also, he doesn't want me to partner with anyone else until he runs out of funds. You guys have pretty good deals and it seems less complicated. 

@Alex M. Sorry for the delay in my response. Thanks for the clear break down of what you did. I'm still pushing for this type of deal except my partner is not interested in the BRRR strategy, he wants to keep the cash flow coming in (since he has bucks one money coming in). Regarding the 50/50 split, your responsible for 50% of the expenses right? Does that come out of you cashflow and equity part? Also, what happens if a property goes vacant? Lastly, are you collecting anything for tenant placement or are you guys using someone else for that?

Philly is a good market (I'm from the West Chester area).  

Thanks,

Rafael 

@Alex M. I'm in a very similar situation. Did you ever figure this out? If so what worked best? Thanks!!! 

@Jason Fike did you make a decision yet? I'm in the exact same situation. This is a great post. 

Hi all, I'm looking for a CPA or someone that can help with tax planning. Any suggestions? 

Thanks,

Rafael 

@Jim Hiler This is a great post. I am looking for the Multifamily properties as well. Everything that I see sells very fast and at full ask. I'm looking in Coral Springs, Lake Worth and areas a bit south. I'll keep you posted if I see anything. 

Hi all, 

I'm looking to do some investing in the Baltimore area, however I'm looking of a company that good with tenant placement. Any suggestions? 

@Aaron White can you pm details. I'm a cash buyer coming to the area this week to look at a couple of deals. @Nick C. is correct any cash buyer would have a hard time walking away from a cash positive deal unless there are other factors that are discovered. 

@Emmanuel Augustin  I will be relocating to the South Florida market very soon. Can you please add me to your investor list? I will reach out soon just to connect with you. 

Best Regards, 

Rafael Brown