All Forum Posts by: Amie Wassell

I included knowing the seller as the relationship could create more opportunities for creative financing options. 

It has slowed down as well after things were flying about a year ago. I would say it slowed in the fall. I'll have to look at the number of average days on the market for January. There are home that do rent for 6500 and maybe higher. Not as common but possible for sure. And in the area this home is in, I absolutely think that is reasonable. Do you see mainly long term renters at that price or more corporate or short term?

Here are the details of the house
Between Sac and SF
- 4/3 one bedroom downstairs
- lot is pretty big for our area at 8400.
- 2000 SQFT 2 story home
- built in 1995
- current owner bought it for 350,000 in 2002
- currently listed for 670,000
- on a court (very desirable neighborhood)
- 71 days on the market
- very low maintenance lot
- turn key
- listed 75 days (she dropped the price 10k at the beginning of the month)

I literally just got an LLC this week so starting to really start to look and I was chatting with a childhood friend on Facebook and she wants to move back to Dallas where her daughter lives (where I am originally from, I am now 5 miles from her current home)
Her husband passed away 2 years ago and kids are grown. 

There is an agent listing the property. I'm trying to figure out a good option, and if I can figure out if renting the property would even make a profit. It's way out of the initial price I was thinking but being I know her personally and I know this location well but not the market as I'm new to all of the creative financing and real estate. I have 2 chapters left in Brandon's book Investing in Real Estate. 

What would be a good way to approach this? A MLO? Thank you, sorry for my ignorance I didn't expect to a possible option to come up. 

Currently looking to start investing. I am currently starting to structure my side hustle correctly. (I screen print and embroider apparel for small businesses) I have my DBA for that but plan to make it an LLC.

I have been watching Pace Morby, he talks about having a holding company in Wyoming and then an LLC in the state you do business. 

Should I have a holding company in Wyoming - for anonymity? Then my LLC for current business (that is currently a DBA) and my real estate LLC under the Wyoming holding company?