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.
Buying & Selling Real Estate
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 about 6 years ago,

User Stats

36
Posts
17
Votes
Jimmy Thomas
  • Rental Property Investor
  • Brooklyn, NY
17
Votes |
36
Posts

Keeping a house completely off my name...

Jimmy Thomas
  • Rental Property Investor
  • Brooklyn, NY
Posted

Hi All,

I currently rent in the expensive market that is NYC , but intend on purchasing long distance investment properties with a partner very early in 2019. I had no intentions on buying in my market, but an opportunity has come out of no where for me to purchase a duplex $200k below market value through a program for municipal workers (thats me!). 

It seems that this process may play out sometime in 2019, but the one catch is that you cant currently own any real estate in your name. This is to great an opportunity to pass up, however it is not a guarantee, and I would not bet my investing future on it. My partner and I have set up an S. Corp for our dealings, and plan to begin BRRRRing properties very early in the New Year.

Can anyone tell me if there is a way I can stay totally isolated from theses properties for the time being? Thanks

Loading replies...