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Updated almost 9 years ago on . Most recent reply

User Stats

12
Posts
9
Votes
Ann Miller
  • Moses Lake, WA
9
Votes |
12
Posts

First duplex LLC or no

Ann Miller
  • Moses Lake, WA
Posted

We are new at investing and just put an offer on a duplex that was just built in 2014. The rental market in this area is very good with no vacancy rates usually. The units each rent for $1100. We listened to podcasts and have been reading posts in BP. We thought that we were going to buy this through our LLC because of what we thought we had learned. Now it looks like loans are very hard to get if we purchase through the LLC. We are also trying to decide if we should pay more down since we would like more cash flow or buy more properties with just 20% down. We have about 250,000 to work with. We would like to stay in Washington State. We also are not planning to buy and hold . Any thoughts from experienced Investors?

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