All Forum Posts by: Cassie Roberts

Hi John, they are doing good! We actually live in Staples and just closed on our 4th SFH in Staples. We've been lucky with good tenants so far. Thanks for asking. How about you, what kind of real estate investing are you involved in?

I will look into that option Bob, thank you!

My husband and I purchased three SFH this past year and are using them as rentals. We decided to create an LLC to protect our personal assets. The LLC was created after purchasing the rentals. We used our accountant to help us set up the LLC, but she said we will need an attorney to get the properties moved under the newly created business name. Looking for advice on what is the easiest and cheapest way to go about this?

My husband and I have purchased three SFH in the last year and are using them as rentals. We decided to create an LLC to protect our personal assets. The properties were purchased before the LLC was created so now how to I move those properties into our newly created business. I had our accountant help us set up the LLC, but she said I will need an attorney to put the properties into the LLC name. I'm looking for advice on what is the easiest, cheapest way to accomplish this?

Very inspiring story and congratulations!! Thank you for your service!

Hi Sarah- I was also in a similar situation as you. I work full time in a field that has nothing to do with real estate and wanted to take a chance on a rental income. Less than a year ago I bought my first rental, just a small 1bed, 1bath and then closed on two more SFH in March. So 3 properties in less than a year, my husband thought I was nuts, but once you get into it...it can be addicting. I live in Minnesota in a small town. The Midwest is a great place to get started being the houses are reasonably priced. I did do a lot of research on my towns housing economics before purchasing. The town I live in is in general a low income town with 40% of it's residents renting, which is high so I had no issues renting my properties fast. Make sure the numbers make sense when purchasing your first property, some people don't focus as much on cash flow and just like the idea of building equity, but I am all about the cash flow on a property and look at he equity as an added bonus. My first property was a quick decision purchase because it was priced so cheap, my next two homes I took a lot more time and really researched the homes before purchasing. I recommend doing this and not buying the cheapest home on the market. In the last 6 months I have also obtained my real estate license and created an LLC for our rental business to protect our personal assets. These are all things you can choose to do or not do, totally up to you. I dove in head first and am loving the extra income I'm able to pass onto my growing family. Biggest piece of advice I can give is don't let fear hold you back....just go for it! Even if the first property fails, you've learned something and don't give up!