All Forum Posts by: Brandon Morgan

so you're saying don't switch it over to an LLC later on? and when you say insurance do you mean insurance other than home insurance like State farm?

hi all, I am new to real estate investing and recently bought my first property a few months ago and got it rented out! I am thinking about the future and how I will purchase properties in the future. I often hear you should get an LLC to protect yourself in case something goes wrong. is that only useful if you have a large portfolio? is that worth looking into right now as I am only in the beginning of my journey? open to any suggestions, insights or past experiences.

 So regarding mobile homes where you own the lot its exactly like renting out a single family?

Hi all I’m pretty new to the real estate game and had a question about mobile homes. I’m not 100% sure how it works. To anyone that has experience in this, When it comes to mobile homes do I rent/ own the land and people pay to keep their home on the land? Is there a difference between renting and owning the land? How does this process work? Open to any past stories or information. 

Hi all, I recently bought a house near Scranton PA it is my first investment property. I live in the Jersey/NY area which is about 2 hours from Scranton. I am still looking for renters and I am wondering if it is necessary for me to get a property manager since I live far away. sometimes there are random things that need to be taken care of that I can't do right away since I do not live close. My realtor says it is not necessary since she can take care of some thing but I do not want to solely rely on her. to anyone investing in this area is it necessary to get a property manager? what is your experience with this and do you have any recommendations?

 ahh thank you much. Tbh that is what I have been thinking. especially since I am from the New Jersey/ New York area and prices got so insane here people are starting to move west so I figured Scranton is going to be up and coming. I just bought my first rental property but if I can get my hands on some of these super cheap foreclosed homes that can also be a good idea too! thanks for the insight. will do further research on the matter. 

hi all. I am new to real estate. I just bought my first duplex near Scranton with an FHA loan. I am currently looking for renters, its only been one month so I am not worried and the property is in good condition. I noticed there are a few single families and foreclosed homes in that area as well. I am wondering if it is a good idea to invest in one of these foreclosed homes or old single families. the prices there are actually extremely cheap compared to where I live in new jersey. my overall plan is to own multiple rental properties. what do you think on buying foreclosed homes or single families for investments near the Scranton area. I am open to any advice or suggestions to anyone familiar with this area.

 hmmm okay will keep that in mind. 

hi all. I just bought my first investment property near Scranton. it was a pretty good deal compared to the prices I normally see in jersey. I bought a duplex, move in condition, Newley renovated. This is my first time investing in real estate and being a land lord. I live 2 hours away from the property. Anything I should keep in mind for managing a rental property out of state? any tips or advice is welcome and if anyone has any info on the Scranton area that would be great too. 

Hi all, I am new to Real state investing and Live in the NY/NJ Area. things are super expensive. I was originally looking to buy a Multifamily but that seems to be impossible due to prices and inventory. I now started looking at single families so that I may possibly rent out the rooms. does anyone have any experience with renting out rooms? any legal issues I should know about? I am open to any advise on the matter.