All Forum Posts by: Bryan Morell

Quote from @Dawn Roy:

Aurora Title is my go to.  Have you reached out to them?

Cheers1

 Thanks, Dawn!

I have not reached out to Aurora, but I'm working with Apex at this time. If I see a need to switch things up or add another title firm, I'll check out Aurora. Thank you for the recommendation!

Bryan

Quote from @Latoya Pryor:

Apex title & settlements services in Glen Allen are very wholesaler friendly.

 Thank you Latoya!

Hello,

I'm currently looking for a Richmond area title company that has experience working with wholesale transactions. I'm struggling to get responses from those I reach out to. Does anyone have any recommendations?

Thank you!

Bryan

Hello!

I am searching for a title company in the Richmond area that has experience working with wholesale transactions. I'm struggling to get responses from companies I'm reaching out to. Anyone have suggestions for companies to contact?

Thank you!

Bryan

Quote from @Hope Harmotto:

interested - can you share details?  

https://www.zillow.com/homedetails/5227-Clarwin-Ave-Pittsbur...

Quote from @Jamie Dietz:

What part of town and how much are you asking?

https://www.zillow.com/homedetails/5227-Clarwin-Ave-Pittsbur...

I have just begun the process of marketing a duplex I am selling in Pittsburgh (Fully rented at market rent). Please contact for details. Thank you!

Hi Will,

I think a big factor with this is how you will manage your accounting and record keeping. If you use software where you can assign each transaction to a specific property, that would be much easier to maintain and have views of expenses. On the other hand, it may be simpler and straightforward to break into individual accounts, but that could become a headache as well.

Ultimately, I think it all depends on how organized you are or want to be, and the best method you see to enable that. I personally use Rentastic for my accounting software and it is very easy to use and assign each transaction to a property or just the overall portfolio.

Bryan

Hi Diondra,

As mentioned above, I do not think you'd be able to get FHA financing for an LLC owned property, but I could be wrong.

Also, if you do your research and ensure you have an air tight lease and insurance policy on the property, you can supplement any of the benefits an LLC would provide you while owning a property in your personal name. I would supplement that way, particularly since financing can be much more difficult when if you aren't searching as an individual.

Thanks!

Bryan

Quote from @Carlos Valencia:

Hello Tahirih, 

Do you plan on purchasing as an investment or open to the possibility of house hacking where you live in one unit and lease out the rest? Owner occupied usually needs at least 3.5% down if using FHA or 3-5% for conventional. As for Investment properties you will need 20-25% down payment. Just look at the area of where you plan on investing to see how much you will need to save. Hope this helps.

@Albert Bui @Matthew Kwan

I was able to utilize the FHA loan strategy myself for my first investment property and I would highly recommend, if possible. It is a great way to get into REI with low money down while gaining hands on experience to learn the ins and outs. 

Thank you!
Bryan