All Forum Posts by: Claudia Bonaudo

Hi y'all!

Finally I found a property that is a good deal for buy and hold, it's my first one so I have no idea about the costs of things, right now my doubt is:

How much is a resonable cost for an inspection of a 1250 sqft apartment in Dallas, TX?

I'm sure many more questions will arise along the way.

Thanks!

It's good to have different points of views as well as opinions, thanks @Bill Gulley for sharing your knowledge.

I own and lease a property in Mexico City and don't have no company/LLC managing it.

@Rod Yarger  I believe that here in the States is different, everybody sues people just like that and that's why I'm concerned and want to do it the right way and as a protection of myself and my assets because even if it's just one, right now is all I have so that's why I want to protect it.

Now I'm going to think twice in making the LLC o just buy a very good insurance policy.

Ok, now I got it! thank you for teaching me a good business practice and clear up my mind @Kathy Henley

Great @David Faulkner this is all very interesting options. 

I will look at the trust option for my future and growing business, for now I will buy it under my name.

Thank you.

@Kathy Henley  So what you are explaining to me is that I can consider:

1. Buying the property under my name (is just an apartment not a multifamily)

2. Paying a rent to my own LLC? so it can "manage" the property (this will be the apartment I'll live in)

3. When I move out and I rent it to a third party fill a Quit Deed to transfer ownership of the apartment to my LLC

And with so my LLC will start building credit and is kind of a tax strategy?

I believe the knowledge you're sharing with me is very valuable so I want to clearly understand it.

Thanks

Ok thanks @Marcelo Ricarte, I'm very interested to keep on the REI business so I'll keep reading, learning and asking to the BP community!

Hi BP members, 

Can someone help me with this?, I'm buying my first hold, live and then rent property, should I buy this under my name and after a year or when I moved out I put it under my LLC name or I buy it since the begining under the company name?

Thank you all

Hi @Hattie Dizmond, it sounds good, isn't that illegal? I read something about finding properties and reselling them (dog bird?). 

Congratulations, tell me more about it, was it easy?

Hi BP members, I had a discussion inside my head. yesterday I looked at a post from @Riley Caldwell an thought ..."what a great idea what she proposed here!"

I'm starting in all these Real Estate Investing business and I've being doing my work studying a lot and looking for some opportunities out there (lately there aren't much).

I found a house in Oak Cliff (Winnetka Heights) that is a flipping neighborhood, actually a great deal for fix and flip, the owner bought the property with other two partners in a foreclosure five years ago and they need the cash now. 

I went to look at the property today , and see a LOT of potential but sadly for me I don't have any expertise in rehabing and for sure this property needs A LOT of that (Foundation, windows, kitchen, baths, garage), so if any of you are interested in this property and turns out that you wanted it, I can just go and learn from you, actually I can go with you to see it again, help you with the work there or whatever, really I just want to LEARN!

If anyone is interested, you can contact me!