All Forum Posts by: Bryan N.

Sorry... I meant I am from SoCal.

Nice J

My sister lives in the Bay Area and from SoCal. The Navy moved me to Virginia Beach in 1997 and I've been here ever since. Thanks for the tip and I'll take it onboard.

I am definitely not dismissing LLC's. I completely agree on the 30 year mortgage point. I am pretty disciplined when it comes to numbers (I learned the hard way many times in the market) and the numbers tell the truth or they don't. I LOVE 15 year mortgages and completely agree with the paying down the principal. My current house is on a 15 year and I will never go back to a 30. I also completely agree with asset protection is like layers of an onion. I have always applied that philosophy to my stock/bond investments and it has served me well. Tomorrow I am meeting with my realtor who I have used for many years. We are going to discuss short and long term goals and formulate a plan from there. Believe me, I am not discounting any if the info given out here. I am merely soaking it up like a sponge.

Thanks Jaren!!!

I've been through all those except the /files link. I'll be checking that one out as well.

Definitely a buy and hold passive income strategy for me.

Thanks James.

Thanks for the responses. I tend to play a little more on the conservative side when it comes to investing (stocks/bonds). Since I am new to this type, I will maintain my conservative approach for now. I am looking for "vanilla" 30 year standard financing to get going on my first property. I think for now I will stick with the traditional route. Getting a normal mortgage will be easy with my credit score and income. As I go further into the journey I will explore the local banks and portfolio lenders more to pursue the LLC option if needed.

Hello BP!!! I have been poking around the site for a while and listening to the podcasts. I finally decided to create an account and get serious with my overall portfolio health. Stocks and bonds are fun, but I want to grow my money in other ways. More specifically passive income. I live in Virginia Beach and work at the Naval Station in Norfolk.

Rookie question time. So, I have been poking around this site for a while and decided to sign up, because I cannot get my head wrapped around something. I understand how LLC's can benefit/insulate an investor if structered properly. In my area almost every bank/credit union/etc specifically states they will not lend money to an LLC. So, why even bother? It seems the financial system is structered (largely) to defeat this type of setup.