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All Forum Posts by: Chootar Laal

Chootar Laal has started 9 posts and replied 23 times.

Goals, Business Plans & Entities

Post: LLC for rental properties?

Chootar LaalPosted
  • Boston, MA
  • Posts 23
  • Votes 0

i had the same question about properties and LLCs. is this the same as having the property in one's name but have an LLC for the operation/maintenance? im just about to purchase my very first investment property and i didnt know if i could put the deed under an LLC or just put it in my name, it seems easier that way.

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Interesting investment opportunity, but how to finance it?

Chootar LaalPosted
  • Boston, MA
  • Posts 23
  • Votes 0

its priced at 340k, i haven't negotiated yet. rent is 2400. what does P&I and PITI mean?

0 Votes
Private Lending & Conventional Mortgage Advice

Post: Interesting investment opportunity, but how to finance it?

Chootar LaalPosted
  • Boston, MA
  • Posts 23
  • Votes 0

we bought a rowhouse (single family) last year. now the place next door to us is converted into 2 condos and both are up for sale. we dont want to buy both, just 1 of them.

since its right next door to us, can it qualify as a 2nd home? proximity issues? if not, then an investment? as an investment, what are the requirements? 20% down?

any other options? its my first real estate investment purchase other than our primary home that we bought last year.

0 Votes