All Forum Posts by: Juan Ayala
Juan Ayala has started 40 posts and replied 89 times.
Post: Using OPM to grow in real estate
- Rental Property Investor
- Albuquerque, NM
- Posts 92
- Votes 18
Originally posted by @Taylor L.:
506(b) is quite common if you have a preexisting relationship with investors and do not need or want to publicly advertise. $150-250k is a pretty small raise for a syndication, though. Typically the fixed legal costs of syndication mean that only larger raises make sense financially. It would be good to study up on the free syndication materials out there just to start building your understanding before you move forward with doing a particular deal.
Thank you! Yea, today I got a quote from a securities attorney, and they said the same thing that I would need to raise more for it to make sense. I will definitely continue to read up on this before pulling the trigger.
Post: Using OPM to grow in real estate
- Rental Property Investor
- Albuquerque, NM
- Posts 92
- Votes 18
Hello, I am thinking about starting my first RE syndication. I plan on raising money from at least two dozen family and friends spread out all over the U.S. I was considering the 506(b) to do this. (Sky notice filing fee would be pricy) I only plan to raise maybe $150k to $250k the first go around to get the syndication process down. Is the 506(b) the best way of doing this or do you recommend another way? Over the years I've had several family and friends want to invest with me but I've been unsure what SEC friendly vehicle I could use. Tia!
Post: Any advice? Purchased our first new construction with a VA loan
- Rental Property Investor
- Albuquerque, NM
- Posts 92
- Votes 18
Post: Any advice? Purchased our first new construction with a VA loan
- Rental Property Investor
- Albuquerque, NM
- Posts 92
- Votes 18
No HOA and thank-you
Post: How was your ADU experience in Riverside, CA?
- Rental Property Investor
- Albuquerque, NM
- Posts 92
- Votes 18
Thank you so much for the great info. Really helps me out. What are your thought on prefab ADUs?
Post: Help! Recurring Pest Issues w/ Watts, CA tenants
- Rental Property Investor
- Albuquerque, NM
- Posts 92
- Votes 18
Originally posted by @Joe Steele:
@Juan Ayala Del Rio is solid
Who is Del Rio?
Post: Any advice? Purchased our first new construction with a VA loan
- Rental Property Investor
- Albuquerque, NM
- Posts 92
- Votes 18
We purchased a new construction home in Riverside, California, about 10 mins from the University of Riverside. We went through KB homes and hopefully close mid-July 2021. Any advice on the inspection and closing process? Should we hire an inspector? Or attorney? We have no realtor we went directly with KB homes.
Post: How was your ADU experience in Riverside, CA?
- Rental Property Investor
- Albuquerque, NM
- Posts 92
- Votes 18
I am buying a new construction in Riverside, California. We are going to add an ADU to the backyard and maybe convert the garage as well. I'd love to hear from others in southern California and how your experience was with everything? From the contractor, you used to dealing with Riverside county...TIA
Post: Help! Recurring Pest Issues w/ Watts, CA tenants
- Rental Property Investor
- Albuquerque, NM
- Posts 92
- Votes 18
We continuously have pest issued with our duplex in Watts, CA. We have spent several $$$ patching up holes and cracks around the property. Does California require landlords to pay for both internal and exterior pest maintenance for duplex? Tenants aren't the cleanest people either. What do you guys do, or what would you do? Yes, I have a property manager, and we have started getting quotes for quarterly pest services. Any pest companies you suggest in Los Angeles?
Post: Refinancing Parents Property
- Rental Property Investor
- Albuquerque, NM
- Posts 92
- Votes 18
Originally posted by @Christopher Urbane:
Hi Juan, What was the final outcome of this. I have a similar question from my mom in regards to helping her refinance. How did it work out?
They ended up just selling both properties.