All Forum Posts by: Taylor L.
Taylor L. has started 52 posts and replied 4896 times.
Post: Looking for SDIRA custodians, Solo 401k Trustees, Financial advisors, & syndications.

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Sent you a DM, happy to have a call & share experience.
Post: Terminate exclusive agreement.

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Quote from @Chi Sastry:
Quote from @Taylor L.:
My next step would be to reach out to their broker. Sounds like you've given the agent ample opportunity to respond.
Thanks Taylor! How do I do that? I don’t think the agent will share the Broker info.
You'd have to track it down. It should be clear which company they work for, I'd start by going to that company's website.
I would consider this the nuclear option with this agent, just to be clear. Again I'd only do it if I'd given the agent sufficient opportunity to respond.
Post: Terminate exclusive agreement.

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My next step would be to reach out to their broker. Sounds like you've given the agent ample opportunity to respond.
Post: Getting cold feet... please help run my numbers

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Can you be more specific with its location in Florida?
Post: How much to pay passive investors in my flips?

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Before doing so, determine whether you're offering a security. Research the Howey Test
Post: 506C Verification Service

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We've used Parallel Markets, it works well. Believe it does integrate with Syndication Pro.
Post: Accounting Software-Getting started with one property

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Baselane is free. IMO it's a pretty good product for free. Fairly simple but it'll get you started. They will hit you with pitches for their banking.
Post: The best tax advantage on cashing out the IRA if there is any.

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Why not transfer to a self directed IRA and just invest it in real estate?
Post: Are High-Interest Rates Stopping You?

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I have 2 main concerns about zero cash flow for 5 years:
- Opportunity cost: what if, during that 5 year period, rates change or you find a cash flow opportunity? Having that money locked up for so long with no cash flow means you're probably missing out on a lot of other options that do produce cash flow.
- Zero cash flow means risk: what happens if and when a big repair bill comes due? Or you have a vacancy? Zero cash flow implies that you can't build a repair reserve to prepare for difficult times. someone tried this without having a cash reserve in the bank, they could suddenly find themselves in need of cash in a hurry.
I totally agree with not sitting on the sidelines. It's tough to make deals work today, but it can be done.
Post: Experience with Senior Living Fund in Olathe KS

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Who is the fund sponsor or manager?