Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Andres Moreno

Andres Moreno has started 2 posts and replied 4 times.

Post: LLC? How much in the bank?

Andres MorenoPosted
  • Virginia
  • Posts 4
  • Votes 3

Thanks for that reply. I guess I could have better explained. I do plan on getting a small multi-family and occupy one of the units. 

Did not know about an LLC not being able to get an FHA loan. I need to do more research.

Which way of the LLC conversation do you fall? Would someone that chooses to hold property on their personal name need (or should) to carry high insurance?

Again, thanks for the reply. 

Post: LLC? How much in the bank?

Andres MorenoPosted
  • Virginia
  • Posts 4
  • Votes 3

How's everyone doing, 

So I've done some research on how to best protect my personal finances when starting my investment career and so far I think I've come to the conclusion that an LLC is the best answer. What are your guy's thoughts?

Also, when looking to get a loan, lets say a 200k loan, how much would you say should the LLC have in the bank account for a loan such as FHA?

Thanks everyone

Andres.

Post: New member and investor

Andres MorenoPosted
  • Virginia
  • Posts 4
  • Votes 3

Thanks, glad I found this site!

Post: New member and investor

Andres MorenoPosted
  • Virginia
  • Posts 4
  • Votes 3

How's it going everyone,

My name is Andres Moreno. I'm 28yrs old and looking to become a new real estate investor with plans to purchase my first property within the next 12 months. I will be relocating near Northfolk, VA this December and I will hit the ground running to find my first multi-family property.

A little bit about me. I was born and raised in Colombia but have been in the states for half my life now. I'm a futbol (soccer) aficionado, love listening to music and like to spend spare time doing web and graphic design. 

I started my real estate curiosity by taking a real estate sales person and appraisal course through Allied Business School and realized I didn't want to be a sales person but rather an investor. 

How's everyone doing?