All Forum Posts by: Charlesa F.

Also discussing my goals with people who aren't like minded. I allowed a family member talk me out of a good deal. 

My biggest rookie mistakes have been using the first realtor to contact me through realtor.com instead of utilizing BP to find an investor friendly realtor. And using a home inspector I found through google instead of finding a verified one from the American association of home inspectors. Those mistakes alone have cost me thousands.

@Dwight Kimball I understand that is the case if I do not repay the amount borrowed, It will be deducted from the death benefit. 

Thank you for responding. Now to find out how to place the title within an LLC.

At what point do you put your home in an LLC?

I found a multifamily and put an offer on it. I want to put it in an LLC but my realtor says that I cant until after closing, He said because the LLC isn't formed yet. So I would have had to form an LLC on a property prior to placing my offer. Is this true? It doesn't sound right to me.

its $800 in CA

*insert cringing emoji

Thank you for this post. It was so interesting to read everyone's responses. 

@Tom Jensen

I think its an awesome idea. I started a policy a few months ago and am looking at properties, I haven't borred from it yet though.

@Aaron K.

Thank you so much!! It doesn't have a selected flood map boundary. That was a really bad hurricane. I lived in the area for 20 years and never experienced a flood, but the house I lived in even flooded🥺

@Shaun R.

The book that introduced me to the concept was

What Would the Rockefellers Do?: How the Wealthy Get and Stay That Way, and How You Can Too