All Forum Posts by: Chad Hrapmann

Thanks for the information, do you know of any that don't need the DVR box and can just store internally in an SD card?  This would mean the only hard wire would be for power supply.

A tenant had his car broken into recently so I'm looking into beefing up the outdoor security.  I've been researching a lot of security camera solutions but can't seem to find a simple yet effective one to purchase.  All of the ones I've looked at have WIFI, Hardwired, or 4G requirements but I don't want any of that.  Not living at the property it seems like a waste to purchase wifi or piggyback of a tenant's network and the need for real time alerts seems unneeded for an investment property.

The important features to me seem to be: high quality, motion sensored or rolling recording, night vision, and internal storage.  Are there any cameras out there that fulfill all of this and work standalone?  There's no need to have the footage available unless an incident occurred so as long as the camera kept the latest 3 days ongoing I'd say that would be enough.  Even if you couldn't grab the footage from bluetooth but had to get the SD card from the camera would be fine.  I'm not expecting incidents to happen often if ever, or I hope.

Any suggestions or personal experiences with other solutions are welcomed.

Thanks Robert!

I forgot to mention I'm going with a conventional loan with PMI until 20% equity is gathered. I'm going to follow your advice and make sure I start off this investing the right way.

I'm purchasing a townhome in Louisiana to use as a Primary residence while I fix minor issues then convert it into a rental. I'm getting a conventional loan putting down 5-10%. My end goal is to buy another home in the near future (6 months to 1 year) to use as a primary residence for a few years and transfer this townhome to an LLC.

1. What is the best/right way to go about this? Buy the home in the LLC's name? If not, how hard is it to transfer homes into LLC, costs?

2.  What tax benefits/costs should I be aware of from trying to move fast?

3. Are there any legal loopholes that let me keep the first time buyer tax exemptions?

I've researched some of these things but haven't found much on my unique situation, buying primary home with investment property in mind shortly after.  Any advice or help would be appreciated.