Author Topic: Real Estate investment  (Read 29699 times)

Offline fliZ

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Re: Real Estate investment
« Reply #135 on: March 08, 2018, 10:02:18 AM »
For a single family rental property, does it make sense to move it under an LLC or is it not worth it and should just be kept under my name?

Offline bubkiz

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Re: Real Estate investment
« Reply #136 on: March 08, 2018, 11:52:08 AM »
For a single family rental property, does it make sense to move it under an LLC or is it not worth it and should just be kept under my name?

Depends if you want to protect your animonity to tenant or not. If you have a PO Boxor business , you can use that on the tax record whixh will make it more difficutl for trantas to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.




Offline hvaces42

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Re: Real Estate investment
« Reply #137 on: March 08, 2018, 12:21:07 PM »
Depends if you want to protect your animonity to tenant or not. If you have a PO Boxor business , you can use that on the tax record whixh will make it more difficutl for trantas to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.
Animosity with tenants ::) ;D... A.N.O.N.I.M.I.T.Y.
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline fliZ

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Re: Real Estate investment
« Reply #138 on: March 08, 2018, 12:36:03 PM »
Depends if you want to protect your animonity to tenant or not. If you have a PO Boxor business , you can use that on the tax record whixh will make it more difficutl for trantas to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.
For a single family, self managed property, anonymity isn't really an option (or concern). Sounds like no real benefit to LLC if properly insured.

Offline mercaz1

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Re: Real Estate investment
« Reply #139 on: March 08, 2018, 03:38:25 PM »
Animosity with tenants ::) ;D... A.N.O.N.I.M.I.T.Y.

you might as well correct the whole post

Offline lubaby

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Re: Real Estate investment
« Reply #140 on: March 08, 2018, 03:54:19 PM »
Animosity with tenants ::) ;D... A.N.O.N.Y.M.I.T.Y.
FTFY  :D
Once the game is over, the king and the pawn go back in the same box.

Offline bubkiz

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Re: Real Estate investment
« Reply #141 on: March 08, 2018, 04:46:32 PM »
Depends if you want to protect your anonymity to tenants or not. If you have a PO Box or business address, you can use that on the tax record which will make it more difficult for tenants to figure out where you live.
For liabilty issues, just make sure to have adequate insurance.

Corrected.

Holding it in an LLC will make it more difficult and expensive to refinance.

Offline Ephraimh

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Re: Real Estate investment
« Reply #142 on: March 08, 2018, 07:48:47 PM »
Hi all,

Have a 3 family building for sale in Brownsville area. Right past crown heights and a few blocks from the Broadway junction trains. Fully occupied, tenants on 1 year leases. R-6 zoning, frame construction and gas heating. Asking 725k. Please PM if interested, or have someone else who is interested. Thanks.
Pm sent

Offline Yehuda25

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Re: Real Estate investment
« Reply #143 on: March 08, 2018, 08:12:55 PM »
Animosity with tenants ::) ;D... A.N.O.N.I.M.I.T.Y.
;D
“To avoid criticism say nothing, do nothing, be nothing.”


― Aristotle

Offline Mr.Lou-RealEstate

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Re: Real Estate investment
« Reply #144 on: March 08, 2018, 10:20:28 PM »
OFF MARKET 6-FAMILY PROPERTY FOR SALE - ASKING $4,200,000

The Offering:

6-Family investment opportunity in one of the most desirable neighborhoods in Brooklyn. The subject property is located at 435 Dekalb Ave between Taaffe and Classon Avenues in Bed-Stuy Brooklyn. Property consist of a total of 8 Units - six 3 bedroom/1 bath railroad style apartments with open kitchens, ALL VACANT! Two commercial spaces totaling in 1,755 sq. ft., (1 vacant 875 SF each with full basements). Indian Restaurant occupying one of the commercial units has 7 years remaining on lease and pays $4,000 monthly with no increases.

Zoning: R7A - C2-4 - MAX FAR: 4

Property sits on a 27' x 100' Lot. Building is currently7,020 SF with an additional 3,800s buildable remaining. The six apartments are vacant and ready to be rented as-is for current market value.
No renovations required!

Location Highlights:
• Pratt University around the corner
• Walking distance to the G, C and S trains making it easy to get anywhere in Manhattan.
• Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.

CALL ME TODAY FOR MORE INFORMATION


LUIS V. BRIONES, JR.
M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt

Offline hvaces42

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Re: Real Estate investment
« Reply #145 on: March 08, 2018, 10:51:23 PM »
OFF MARKET 6-FAMILY PROPERTY FOR SALE - ASKING $4,200,000

The Offering:

6-Family investment opportunity in one of the most desirable neighborhoods in Brooklyn. The subject property is located at 435 Dekalb Ave between Taaffe and Classon Avenues in Bed-Stuy Brooklyn. Property consist of a total of 8 Units - six 3 bedroom/1 bath railroad style apartments with open kitchens, ALL VACANT! Two commercial spaces totaling in 1,755 sq. ft., (1 vacant 875 SF each with full basements). Indian Restaurant occupying one of the commercial units has 7 years remaining on lease and pays $4,000 monthly with no increases.

Zoning: R7A - C2-4 - MAX FAR: 4

Property sits on a 27' x 100' Lot. Building is currently7,020 SF with an additional 3,800s buildable remaining. The six apartments are vacant and ready to be rented as-is for current market value.
No renovations required!

Location Highlights:
• Pratt University around the corner
• Walking distance to the G, C and S trains making it easy to get anywhere in Manhattan.
• Nearby amenities include shops, dining, religious facilities, medical centers, schools, daycares, banks, supermarkets and more.

CALL ME TODAY FOR MORE INFORMATION


LUIS V. BRIONES, JR.
M.S. Real Estate Finance & Investments (NYU '08)
Licensed Real Estate Broker - License # 10401290045
Rapid Realty NYC
M:(347) 391-0056 | F. (718) 228-7918
E:  LuisVBrionesJr@gmail.com
A: 93-49 71st Drive
      Forest Hills, NY 11375

Expertise in Leasing, Sales, Acquisitions, and Consulting of Commercial and Residential Real Estate Properties


Each RAPID REALTY office is an independently owned and operated Franchise, with its own Licensed Real Estate Broker and Licensed Real Estate Salespersons working for them.

CONFIDENTIALITY STATEMENT: THE INFORMATION CONTAINED IN THIS TRANSMISSION MAY CONTAIN PRIVILEGED AND CONFIDENTIAL INFORMATION. It is intended only for the use of the addressee. If the person actually receiving this communication or any other reader of the communication is not the named recipient, or the employee or agent responsible for delivering it to the recipient, any use, dissemination, distribution or copying of this communication is STRICTLY PROHIBITED. IF YOU HAVE RECEIVED THIS COMMUNICATION IN ERROR, please immediately notify us by return e-mail, and DESTROY this communication and all copies thereof, including all attachments

“Real estate cannot be lost or stolen, nor can it be carried away. Purchased with common sense, paid for in full, and managed with reasonable care, it is about the safest investment in the world.”

-       Franklin D. Roosevelt
I'll give you $6MM Cash right now.
Fair warning - Any PMs sent in response to forum posts are fair game for ridicule in public.

Offline Ephraimh

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Re: Real Estate investment
« Reply #146 on: March 10, 2018, 10:57:28 PM »
they always say they can pull the loan if you put it back in the LLC, does that ever happen?
You have to wait minimum a few months for the bank to sell your mortgage to an investment bank, once the bank sells it and you make your monthly payments on time they usually never pull the loan,

Unless you start missing payments and they look into the loan then they can tell you that they wanna pull the loan and you should refinance it right away, otherwise you’re good

Offline thaber

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Re: Real Estate investment
« Reply #147 on: March 10, 2018, 11:41:31 PM »
will commercial loans have much higher rates?
they always say they can pull the loan if you put it back in the LLC, does that ever happen?
any recommendations of lenders who do?
You have to wait minimum a few months for the bank to sell your mortgage to an investment bank, once the bank sells it and you make your monthly payments on time they usually never pull the loan,

Unless you start missing payments and they look into the loan then they can tell you that they wanna pull the loan and you should refinance it right away, otherwise you’re good
Keep in mind that this is not the kind of decision that you make based on anonymous opinions in a forum

Offline Ephraimh

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Re: Real Estate investment
« Reply #148 on: March 10, 2018, 11:42:52 PM »
Keep in mind that this is not the kind of decision that you make based on anonymous opinions in a forum
That’s a given.

Offline thaber

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Re: Real Estate investment
« Reply #149 on: March 10, 2018, 11:43:23 PM »
That’s a given.
You'd be surprised