All Forum Posts by: Ed Tamayo

@Ryan Moyer

Just to clarify, I am talking about syndication that not involve renting but syndications that are related to active Investments.   

as a reference, Here there are some CoC returns as per biggerpocket investors

https://www.biggerpockets.com/... 

https://www.biggerpockets.com/...

What kind of CoC Returns do you think the average buy and hold investor gets?

Quote from @Jerry Bower:

           I don't think I want to own Ten $150,000 places because I imagine that starts to become a lot of work. What is the sweet spot? Three $500k places? Two                   $750k places?

Most people will say that you get the most bang for you buck with the $150K units  but as you anticipate, having a few of them, becomes actual work and not just passive income. 

You can get real passive income with syndications. You still have to vet the syndication but you can get Cash on Cash returns with syndication deals that you can't get with renting.  

@Max Kim  I do buy tax deeds in Georgia and that's most of what I do. I have been doing it for seven years now. 

There are in fact worthless properties for sale but there are still opportunities on the higher priced properties. 

For example, this past Tuesday on the Fulton county auction they had a house that is listed in the MLS for $6 million and it was sold to the highest bidder for $1.2 Million. There was a building appraised by the county at close to $3 Million that sold for $1 Million.

I did not actually see those properties so I don't now good of a deal those were but I did check out a nice house that would easily fetch close to $600,000 in the open market, that sold for $440,000.

This is a tendency I have seen already so I am now working in pooling money to have access to the bigger, better deals. 

@James Baucher

I would say that it could be argued that the closing date should be the date the judge approved the sale but most people will say that the date on the deed is the closing date as the date on the deed is the same as the closing date for the great majority of Transactions.

I moved ALL my money from my IRA accounts into a Self directed IRA and I invest in Real Estate with superb results. I wish I would have done it earlier.

Hello all, 

I have a number of properties under Tax Deeds in the state of Georgia.  In Georgia, there is a 1 year redemption period, followed by several months to obtain a free and clear title.  During that time the money invested is tied to the property. 

I run into am outfit  that will lend money against those properties.  The place looks legit but the overall cost is high.  I do understand that Tax deeds are risky and I expect to pay a premium but I would like to know if there are other outfits that would lend money against properties under a tax deed.

Any pointer will be appreciated. 

@Leslie Stouffer

There are some

Renters who would not mind but for sure you will have a smaller group of people to rent to.

@Joseph McCrillis

I would advise against B.

The possible number of different kind of documents is just too many.

For wat it’s worth. This is what i do.

I keep everything digital.

I don’t rent but I have over 20 properties right now so my first level of folders is the county, I then have a folder for each property

And for each property i have

Buying

Legal

Rehabbing

Selling

Photos

Surveys

Receipts

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We invest in distressed real estate assets buying properties at below market value at government foreclosures, make them ready to market and sell them for a profit.

Our investment horizon is of about two years and because of our high focused investments and of our years of experience we can offer better returns than most Stock Market and Construction funds and we back your investment with Real Estate assets.

We offer Fixed Income and Variable Profit plans with returns from 8% to 13% and up

We are a Georgia corporation and while we invest mostly in the Estate of Georgia, we also look for opportunities in Florida, South Carolina and Tennessee.

The properties we buy have an average investment time horizon of around two years.

Real estate properties prices on which we invest tend to be in the $50,000 -$300,000 range and we require a minimum investment of $50,000.

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Two great options:

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Hello all,

First we had Virtual currency, now you can buy virtual real estate. 

There a few platforms where you can buy a piece of digital land. 

Its value, or lack there of, lies only on the perceived value that it may have in the future or perhaps the platform will evolve into a virtual reality environment where you can build a house and or a commercial space for rent. In any case, I don't think anybody knows what's really going to happen down the road. 

BUT, if anything, this will be the time to get in. 

I am copying here a link to a Time magazine article on Virtual Real estate.

https://time.com/6140467/metaverse-real-estate

I would have to think that most people on the forum would not be inclined to play with this but it would be great to hear from those who have looked into it.