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All Forum Posts by: Chris Tarashuk

Chris Tarashuk has started 4 posts and replied 17 times.

As a college student myself I have many friends who lived off campus.  I've seen a few people talk about how students are terrible at upkeep.  This is 100% true even when looking at the more responsible students.  We get busy with studying and managing our course work as well as trying to like "college life" and it can be quite a headache for the home owner such as yourself.  The thing with college students is they also do not really care about the quality of the place so as long as the place remains livable you should have no issue finding tenants.  I have seen students paying over 2k a month for an apartment where the toilet seats were falling off and the place was in shambles as well as other wild things.  If kids can live in that your place should be fine!  I'm still new to everything but see if you can add specific clauses to the terms of the lease (such as no parties greater than x people).

Hope you found this helpful!

Post: Creating a Buyers List For Wholesaling

Chris TarashukPosted
  • New to Real Estate
  • Posts 17
  • Votes 14

@Eliott Elias @Maurice Smith

Thank you both for your thoughts on the matter! I think I'll go with creating a buyers list as my first step. Best way to do that would be through meet ups correct? Maybe meet an investor friendly agent to get connected?

Post: QOTW: Do you buy your properties in an LLC?

Chris TarashukPosted
  • New to Real Estate
  • Posts 17
  • Votes 14
Quote from @Nathan Grabau:

@Chris Tarashuk I have 2 in one LLC and a third in a different LLC. It does not make too big of a difference how many LLCs you have, for me it was primarily so I could account for the properties in smaller groups. I personally reconcile all of my bank accounts with the accounting data I track for each property, having different bank accounts for them is probably easier than having different LLCs. Since setting it up, the rule of thumb I have heard is you put about 1m worth of property in each LLC and then create a new one.

What specifically are you trying to achieve through your legal set up? Depending on what you are trying to do different things make more sense than other things. For example, I am buying a new primary residence that I intend to airbnb when I am no occupying in then airbnb it full time after 1 year of owning it. I am doing this in my own name, not through an LLC, because I get access to 5% conventional financing using this strategy. My "limiting factor" currently is cash, so I can let my DTI take a hit. If you have cash, but a not great DTI, then going inside of an LLC is advantageous, but you will have to borrow through a non conventional lender on more unique or lesser terms.

@Nathan Grabau Currently I am just trying to read up to figure out how I would like to set up the properties I plan on getting in the future. I would like to get my first property next year but will most likely need to go out of state to afford one. Until then I planned on wholesaling as a way to build capital to reach that goal. I figured if I were to start with that it may be beneficial to keep them under 1 LLC to begin with but I am still pretty new to the game and in the researching zone.

Post: Creating a Buyers List For Wholesaling

Chris TarashukPosted
  • New to Real Estate
  • Posts 17
  • Votes 14

Hey everyone, still new and been trying to do a lot of research on wholesaling. Grnerally I've seen people saying to have some sort of a buyers list before approaching a deal. Do you all agree and what are some tips in creating that list to begin with?

PS: Please share any other good reads or watches on wholesaling I have much to learn!

Post: QOTW: Do you buy your properties in an LLC?

Chris TarashukPosted
  • New to Real Estate
  • Posts 17
  • Votes 14

@Nathan Grabau You said that you hold them in LLCs as in plural? Do you create an LLC for each property or do you format it a different way?

Post: New Member: Hello Everyone!

Chris TarashukPosted
  • New to Real Estate
  • Posts 17
  • Votes 14
Quote from @Jason Maguire:

Welcome to BP! Definitely wish i started RE when i was still in college. Including the podcasts, Bigger Pockets has a book store with books ranging on a wide variety of topics from LTR's, Flips, STR's, Wholesaling, BRRR, etc. You can also go to the "networking" tab above & try to connect with local investors in your area.

I'd recommend diving into those as well and soak in everything you can. Best of luck in your journey!


 I appreciate it a ton I will definitely check out the bookstore!  

Post: New Member: Hello Everyone!

Chris TarashukPosted
  • New to Real Estate
  • Posts 17
  • Votes 14

Hello everyone, my name is Chris and I am from NJ. I found the Real Estate Rookie podcast a few weeks ago and have been binge listening to it!  It has replaced music on my car rides and I have listened through the work day too.  I am a 21 year old college senior who will be graduating in the spring of 2023 with a degree in social work.  In the meantime I have gotten extremely curious about wholesaling as an introduction to the field.  Long term I would like my portfolio to consist of a mix of long and short term rentals.  If you are a wholesaler I would LOVE to chat and try to boost my understanding of the craft (I only just learned of the concept recently and am trying to get a firm grasp on the ins and outs before diving in).  

If you have any book recommendations on real estate or business in general I would love to hear them!

Already seen how welcoming the community is so I cant wait to start getting to know people better!