All Forum Posts by: Aaron Hunt

@Jaysen Medhurst

Good to know. I wonder what happens if everyone has less than 20%...

 Funny. DC Metro area is my childhood bubble...and unfortunately I am back here now because my income is very high for the amount of work I do.

 I’ve moved around a good amount for my (medical) training. Lived on both East & West Coasts. Not afraid to get outside the bubble I grew up in as I quickly realized there’s much better places to live and/or own rental properties.

Currently well into the process of getting an investor group up and running via an LLC.

Will soon be filing with the state, opening our needed accounts and then determine financing or not.

Initial though was to buy property with cash. Decided to look around and seeing if leveraging (financing) for multiple properties was an option.

Question is for an "unproven" new LLC (no track record) where the ask from the bank is for all individual investors (members) to submit their personal documentation - if a property is financed would it show up on everyone's credit report and affect their DTI?

Thanks

Medicine.

Early 30s. Started 2 years ago:

3 Class A, 1 Class C/D. Range: $95k-$350k.

All under property management.

Located 500 to 2,400 miles from my primary residence.

All cash-flowing.

Bought first, and second with 5% down loans.

HELOCS are currently untouched.

Used copy of Rich Dad, Poor Dad.

Respect. Haven’t bothered to sell any of my Vegas digs yet.

I like to humble brag that I can take a crap in a different toilet every day of the week out there.

Need to figure out where to put my money if/when I do.

Gurus have to go to extremes, create some controversy, so people like us keep them relevant.

Dave Ramsey in this case is a perfect example. You remembered that one line, and now everyone is telling you it’s bunny stew...cause it is.

I’ve yet to meet someone who was able to stick with their financed properties for 10+ yrs and had the finances to whether a downturn, regret it.

One thing I’ve usually noticed is that: Those who own additional properties often tend to become more successful in the long run and take on more overall risks, maybe because they have those investments to “fall back” on as a safety.

Wins compound over time.

@Terry Lao

You trying to pick up some more 4-Plex on the cheaps? LOL