All Forum Posts by: Aaron Dyson

Hey James, 

Thank you for your response. I will deffinitely work on getting an LLC set up.

As for managing the property I am moving out of - the place I am moving to is only 15 mins down the road so I am planning to self manage for now. 

Howdy Everyone, 

I just put a 4-bedroom, 3-full-bath new-build home under contract in Bryan, Texas, using a VA loan. The purchase price is $325,000, and as part of an end-of-year incentive, DR Horton bought the interest rate down to 3.99%. The catch is that it must close before January 31st, and I had to use their lender, DHI. My monthly mortgage payment will be approximately $2,100.

Comps in the neighborhood are currently renting for around $2,600/month, so my plan is to live in the property for 1–2 years before renting it out. For now, I’ll have one roommate paying me $600/month and might consider finding a second roommate to help offset costs further.

This will be my second property. I currently live in a 3-bedroom, 3-bath townhome about half a mile from Texas A&M's campus, which I plan to rent out once I move into the new home. Before renting, I need to complete a few improvements to the townhome, such as landscaping and replacing the flooring in the bedrooms.

I have a few questions and would appreciate any advice: 

What should I look out for during the home inspection and closing process on a new-build property?

Does it make sense to start an LLC to hold my properties, and what are the pros and cons?

How can I best prepare for managing two rental properties, including handling maintenance, vacancies, and tenants?

Looking forward to hearing your thoughts—thanks in advance for the advice!

Today I contacted an agent about purchasing a duplex in Bryan Texas. After exchanging a few messages she informed me that the duplex would most likely not qualify for conventional financing because it is not the correct width for a duplex according to code in Bryan. From what she told me I’d either have to pay in cash or with secured financing. Does anyone have any experience with any thing like this?

I am new to real estate investing, and will soon be purchasing a duplex with a partner. I was just wanting to find out what the pros and cons are for getting an LLC vs and Umbrella Liabillity Policy