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Updated almost 5 years ago,

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12
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Hector Asencio
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12
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Trying to get started in buy and hold

Hector Asencio
Posted

Good morning, Trying to get started in buy and hold soon. Based in nyc, looking to invest in upstate NY and out of state and Have about 40k saved up. Have some questions about starting off.

Should I go to a bank for a conventional loan within nyc for a property outside of the city or a bank near where the property is located ?

Which would be better , a bank (small , large ) or credit union for funding ?

For a first timer, is setting up an LLC before investing better or just setting up liability insurance ?

Can I take out multiple conventional mortgages at the same time to fund multiple properties at the same time?

Which states, more specifically with cities are low price in real estate and are good starts for someone new ?

Would it be better to get turn key properties first or go straight to BRRRR method?

Thanks , any advice would be appreciated 




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