Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here

Join Over 3 Million Real Estate Investors

Create a free BiggerPockets account to comment, participate, and connect with over 3 million real estate investors.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
The community here is like my own little personal real estate army that I can depend upon to help me through ANY problems I come across.
Starting Out
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

Updated almost 4 years ago,

User Stats

11
Posts
45
Votes
Rebecca Hays
45
Votes |
11
Posts

Starting out and have a few questions!

Rebecca Hays
Posted

Hello!

Just starting out in SE Louisiana. I have several questions- maybe these are obvious, but I'm just asking as I have questions. 

1. Is having a tax lien on a property more motivation to sell for the owner? I read where it can get tricky depending on how much is owed on the house. I haven't seen much about people using this as a strategy to get leads. Can y'all explain more on it?

2. For wholesaling in Louisiana- it seems it may be better to use transactional funding instead of just assigning. True? Also- do I need an LLC to use this funding?


3. I am trying to figure out the best method/strategy for my family to get started. We are currently renting. I want to put us in a home as well as start investing. Originally, I was thinking just using FHA to buy our home and start by trying to wholesale properties to earn the extra income. I guess my question is what advice would yall have for getting started if you also were looking to buy a place for your primary residence as well?

Loading replies...