All Forum Posts by: Ronak Shah
Ronak Shah has started 9 posts and replied 128 times.
Post: Keep old Townhouse as Rental or Sell and Invest in Syndication

- Northern NJ
- Posts 128
- Votes 39
I have few SFRs and I would say the cash flow is good while going is good. You get 1 trouble tenant and all of a sudden few years worth of cash flow is exhausted (think of maintenance/repairs). With larger properties (whether something you can buy on your own or invest in experienced syndicators you feel comfortable with) there is diversification and more peace of mind (from not having to deal without management layer). Another benefit you can potentially get is being able to do cost segregation and benefit from better tax efficiency.
Post: Just want to say thanks

- Northern NJ
- Posts 128
- Votes 39
Congratulations @Mason Snyder! 12 SF and now breaking ground on 235 unit self storage units in 2 years is great progress!
Post: Self Storage Sydication

- Northern NJ
- Posts 128
- Votes 39
From my understanding, question about when to syndicate vs JV is not based on size of the project but rather participation of parties involved. You can familiarize yourself with "BREAKING DOWN Howey Test" at https://www.investopedia.com/terms/h/howey-test.asp. Hope that helps!
Post: Withdraw money from IRA for down payment to start REI?

- Northern NJ
- Posts 128
- Votes 39
@Adam Merrill, others have already chimed in rightly about using Self-directed IRA for this. However, remember you can't personally guarantee loans for IRA so you would be able to use the funds to use in others' ventures but I don't think you can use those funds to leverage. @Dmitriy Fomichenko, am I right?
Post: Lawyer for landlord/tenant issue - Prince William County VA

- Northern NJ
- Posts 128
- Votes 39
I am looking for a lawyer referral for help in Prince William County, VA for court case against my non-paying and non-cooperating tenant.
Post: Converting warehouse to storage & co-sharing

- Northern NJ
- Posts 128
- Votes 39
@Rosanna Tran I believe @Scott Krone has experience in converting.
Post: HELOC in NJ with LTV over 80%

- Northern NJ
- Posts 128
- Votes 39
Visions only goes up to $215k for 80-100% LTV otherwise is upto 80%. So search is still on!
Post: HELOC in NJ with LTV over 80%

- Northern NJ
- Posts 128
- Votes 39
Thanks @Alex Kellman! Good thing I didn’t specify upper limit 😀
Post: HELOC in NJ with LTV over 80%

- Northern NJ
- Posts 128
- Votes 39
I am currently with a national bank which has given me HELOC to 80% LTV but I wanted to see if there are any other banks which can go higher than that?
Post: Having a hard time growing.. Looking for ideas

- Northern NJ
- Posts 128
- Votes 39
You look at cash on cash when you use leverage and mortgages can be had around 5% with experienced partners.
Another problem I am facing is evaluating properties for mortgages. Since all my past purchases were cash, ROI was really good. The ones I am looking at now show an ROI of around 6% - 7% in Greenwich, CT and Stamford, CT mainly. If the mortgage is 6%, how does anyone make money? I must be missing something. I hope someone can clarify.