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All Forum Posts by: Tim Vitale

Tim Vitale has started 6 posts and replied 34 times.

Post: Multifamily Meetup Charlotte MSA

Tim VitalePosted
  • Investor
  • Wilmington, NC
  • Posts 38
  • Votes 15

I would be interested in attending as well. New investor looking at SFH currently but plan to upscale to MFH in the future.

Post: Thinking through the logistics of BRRRR

Tim VitalePosted
  • Investor
  • Wilmington, NC
  • Posts 38
  • Votes 15

Jason - I have questions around the private lending portion of what you said. I have access to a private lender but not sure how to approach them about this interest only loan. For my understanding (as well as the pitch), I would basically ask for X amount of dollars with say 10% interest. Once the BRRRR is complete, I would refinance at the ARV and pay back my original private lender money. Is the 10% compounded or it simply, if you lend me 100k for 6 months (seasoning period), I will repay you $110k in 6 months?

Post: How do I start an LLC ?

Tim VitalePosted
  • Investor
  • Wilmington, NC
  • Posts 38
  • Votes 15

@Scott Smith 

This is exactly what I'm trying to do, but can't seem to wrap my head around how I should setup a series LLC within a trust for anonymity.

I'm in NC so I don't know if that affects the situation at all, I'd love to discuss further in order to get setup properly the first time before beginning my investment portfolio. PM me; be more than happy to pay for your time for a phone call to discuss/walk through what needs to be done correctly.

Thanks,

Tim

Post: Charlotte, NC REI Networking Meetup - Tues. Feb. 5th

Tim VitalePosted
  • Investor
  • Wilmington, NC
  • Posts 38
  • Votes 15

Hello!

My wife and I are new investors looking to meet like minded people! Looking to bounce ideas off of and ask questions to experienced investors. Ready to make the plunge once we get some questions answered by people that have already gone through the process. 

Is Resident dog friendly? Would like to bring our golden to the brewery with us. 

Thanks!