Skip to content
×
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
ANNUAL Save 54%
$32.50 /mo
$390 billed annualy
MONTHLY
$69 /mo
billed monthly
7 day free trial. Cancel anytime
×
Take Your Forum Experience
to the Next Level
Create a free account and join over 3 million investors sharing
their journeys and helping each other succeed.
Use your real name
By signing up, you indicate that you agree to the BiggerPockets Terms & Conditions.
Already a member?  Login here
New Member Introductions
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 12 days ago on . Most recent reply

User Stats

18
Posts
9
Votes
Scott Ball
9
Votes |
18
Posts

Opinion on gameplan

Scott Ball
Posted

I am a long-term investor who lives overseas in Australia but will be moving to PA (maybe around Clarion, or Indiana, PA or somewhere between). I have read a lot about the differences there so can someone look over my gameplan to see if this would be good or how to improve. New to buying properties there. 

1) We need a place to live for 1st year, so we buy a duplex in cash using an LLC to own it. (We would use cash as we can't get a loan from over here, even though I am a US veteran.) We would live in one half, rent the other and move out within a year once we find a better place to call home and then have both sides rented.

2) We buy a home in our own names, not in LLC, with cash.

3) Once we get jobs we can buy more duplexes in a different LLC, hopefully with a loan using equity from perhaps the other properties?

Does that sound right? So a different LLC for each new property and our residence in our own names? Doing the LLC for asset protection and strategy is just long term hold.

Thanks in advance, 

Scott

Loading replies...