All Forum Posts by: Connor Benn

Again, not familiar with your area, however, some things to think about: 

1. What's your budget? Talk to a lender (or find a Realtor that can send you one) so you know what your budget is. That may determine location for you. 

2. Talk with a Realtor. If you're looking for something specific, like a multifamily property, then you may be limited to a certain area or price. Some areas don't have duplexes everywhere like they seem to do up north. Charlotte is one of those cities where we really don't have a good supply of them, so the ones that pop up are rare and/or in terrible condition. 

3. What would you be comfortable with if you can't find a duplex to help you achieve the same goal (ie lower your biggest expense which is your living expenses). 

Hope this helps!

 It sure can be a good options. I would just make sure you are running it by a mentor or fellow investors that you trust. It is always worth trying to walk it too. Just to make sure what they are saying is all lining up. 

You should always do your own due diligence, it does not matter whether the person you’re working with is a fiduciary or not. Look at real data, all the time, whether it’s comps, or real quotes from contractors. Buying from wholesalers is a great option.

 Absolutely !!! and depends on your goal. You could wait if you are just trying to buy one property right now. 

If not, you have no idea how much time and money you can save by being proactive. We have customers pay more than 10k in cleaning up the mess they have created becuase they didn't talk to the advisor before starting.

@Connor Benn, Getting bad advice from a cpa can be even more damaging to your RE investing career than getting no advice.  Make sure you're sitting down with an accountant who specializes in strategies and real estate investing.  @Ashish Acharya is one of the good ones.