New member -DFW

[John Young]

Hello all: I have heard about and used bigger pockets from time to time when I needed input on rather specific situations but have never been an active member, I plan to change that. Within this community I firmly believe that whatever the issue someone here has experienced it and will be willing to provide helpful information. A little about myself; I owned one SFR in my college town while in school and sold it after graduation to fully pay off my student loans using the appreciated value of the homestead. I just bought a home in Farmersville Tx and my only out of pocket expense was the inspection, 0% down through various programs and negotiations. I have started renovations (minimal needed, basically paint) and plan to make the property my primary residence and rent the property at fair market value after my hold period expires (2018). In the meantime I am looking for investment SFR's in the 85-125 range in which to use the remainder of my capital from my first sale as a down payment. Also I am interested in forming a LLC to hold said property and learning about mortgages that are transferable to a LLC without refinancing through a commercial loan. I understand the benefits and requirements of a LLC as I am a lender at a commercial bank. In that regard I have available to me more knowledge about modeling cash flow and benefits of entity structure regarding liability and taxes than the average person. I am 24 years old and fired up about real estate.