All Forum Posts by: Alexander Thomas Chaney

Is it absurd to be investing in a real estate property when I know I'll be moving 8 hours away in a different state within the next 3-5 years?

How hands off is property management?

Thanks everyone!

Okay sold, I'll look into umbrella policies now. Thank you for the help everyone!

So I'm just starting out and will probably expand as time goes on, would it be better to get an umbrella policy now and then get an LLC after I start gaining more assets?

Thank you for the response!

Thanks for the information everyone, it really expanded my view on how to approach buying a property. Can't wait to post about it again as a success!

About to take the plunge into real estate investment. Before I buy a house and start renting, do I need to make an LLC? Or maybe make a business of a different type? If so, what are some good resources?

I'm located in Missouri if that makes a difference. 

Thanks in advance!

Ah, I understand. That's pretty clever. So you have found that college students in that market usually expect to live with roommates and are therefore not turned away by the price. Thank you again for the answer, I may apply this to my situation in the next few months. I'm sure I'll have more questions around that time=]

Could you expand on what you mean by college rental? 

Do you mean like a duplex or bigger?

Thanks for the response!

While still learning the about the processes involved with buying a rental property, I've been keeping an eye on real estate around me. I have noticed some promising options, but to get a strong ROI/cashflow I have to buy for very low and rent for very high. Is there a baseline that I should look out for?

Thanks!