All Forum Posts by: Anthony W.

Thoughts on this: I wanted to achieve buying 2 duplexes and still haven't bought any this year. Not sure if my buy box is to tight or the market I'm in is just not good but I'm feeling the pressure to buy but don't want to buy bad. Anyone have this feeling? What did you do in this situation? I don't want to not meet my goal but also don't want to buy bad.

Hello everyone, I may have an easy question for most of you but seems to be catching me up for some reason. I already own a duplex but now I have a partner who would like to buy real estate too. Is it necessary to buy RE in an LLC when having a partner? What should I look out for? What type of lending does an LLC usually qualify for? I really apologize if this comes off as a stupid question but for some reason, I can't wrap my head around it. Thanks for all answers

@Jeffrey Albaum thanks so much for that reply I will do my research and look into a credit union that might do this. That is exactly the option that could possible help me with aquiring a new property.

Hello everyone! Just wanted to ask a quick question. I am a long-distance investor, how can I leverage my investment property to get another one? I know I have equity but don't know how to get access to it.

1. Looked into refinancing.....to expense and the rate quotes I have been getting are mid-8s.
2. I haven't saved up enough to just outright do another 20% down,
3. Been looking for partners but everyone is tapped that I know or just too scared lol.

Any advice is welcome of course and I'm just trying to get different points of view.

Hello everyone. Just a question... How long do you give your PMs before firing them? I have recently hired on a PM in the Cleveland area who seems to be all show no go. I think I have been fairly clear with my requests and they have not even considered actioning them. They are actually shutting them down. Some context. I am an overseas investor and I recently bought a duplex that I learned was being under rented AND I pay all the utilities. As you can see as an investor this is a no-go. The price was good for the duplex but I can pay all the bills and let them live there for under-market rents. What would you do in both these situations?

Investment Info:

Small multi-family (2-4 units) buy & hold investment in Cleveland.

Purchase price: $72,000
Cash invested: $18,000

Finally did it!!! Just jumped in and made the plunge after much analysis. Had to break the paralysis cycle and I did it. Just closed on my first duplex in Cleveland. Time to see how this goes. Any advice for new investors like myself? I have property management in place and I will be doing cosmetic repairs as I would like to raise the rent on the current tenants. The property is currently rented under market value. Any advice is welcome and thanks.

@Paul Stamm thats funny that you are from Indiana and I'm actually looking into investing in the Indianapolis area. Just was doing some virtual driving for dollars in that area. Maybe we can chat about areas and see what comes of it.

I am finally debt free and looking for suggestions from ANYONE on how to break into the Real Estate arena. Below are some thoughts I had about the way to go about it. I currently have a pretty good credit score now but just a small savings of 10K with access to borrow up to another 60K personal. 

1. Take a hard money loan and purchase a place to rent

2. Get a personal loan and purchase the property outright, BRRRR it and pay off the loan.

3. Use the BRRRR with the Hardmoney loan (only thing is no purchase track record)

Like I said any thoughts will help and thank you.

@Joshua Moseler I actually have a partner in your neck of the woods. We have been discussing the Macon area. I would love to chat with you about that area.