All Forum Posts by: Damir Kamber

Great stuff everyone, thank you so much for all your advice. I will keep you all posted as I continue with my journey. 

Damir 

Hello BP world,

By continuing my education process, I will also continue with questions since everyone has been amazing and helpful so far. 

I currently have 2 rental properties and wanted to throw some legal questions your way. Should I transfer the properties into an entity and if so, which entity do you recommend? I will also be doing my first rehab in 2015, should that be under a different entity? 

Who is the better go-to for entity consultation, accountant or attorney?

Thanks in advance,

Damir Kamber 

That is a great strategy Jay! Now instead of keeping the additional $800 at the end of the year, you give it right back to your tenants as a holiday gift. Now they will NEVER leave, well never say never but you know what I mean. I love that idea!!

I purchased my first home in 2007 at age of 23 with an interest only loan. My first tenants were from New Orleans right after hurricane Katrina. I lost 6 months of rent and 10K in damages with them. My second tenants of the property set my kitchen on fire and left me their dog after the eviction, wish I had paid them couple hundred bucks to leave. Now my parents live there so I'm set for now, except there is not cash flow. I also refinanced since then. 

Damir 

@Yaz Bajric Great job and useful info, thanks for the share. I am looking to flip my first house next year in Atlanta and information like this definitely motivates me further. 

Hello all,

As I have said in the past, I am a new real estate investor seeking further education. Well, new in a way that this time I want to educate myself first before further investing. By now, I have only been an accidental REI with 2 rental properties to show for.

Now that I have found a reliable real estate agent and have decided that my first "real" investment in 2015 will be a flip in the Atlanta area, I am further looking to complete my team. My next step is to start vetting accountants, attorneys and hard money lenders. My agent has supplied me with a couple references for each. I am currently creating interview questions for each of them and they are following:

1. Providing me with their RE references they have worked with in the past.

2. Pricing.

3. List of RE services they provide.

4. Are they willing to build long term relationships? Meaning, will they provide me with information today in order to benefit in the future? Of course, certain things have to be paid for right away.

I would love to get more experienced feedback from the BP community regarding the right questions to ask in the vetting process for accountants, attorneys and hard money lenders.

Thank you all in advance !!

Thanks everyone, great help so far !!

Hello all,

This is officially my first post on BiggerPockets. I am currently hooked on the podcast, listen to it every day to and from work. Great job guys!

My wife and I currently own 2 rental properties and I guess we became real estate investors by accident, as do many others. Real estate is something that we want to pursue long term and would like to find out how to better connect with professionals in the Atlanta area. 

If anyone could share their experience of learning more about local real estate either through BiggerPockets or other venues, please share. In the mean time, I will start with Google haha. 

Thanks and we look forward to this great adventure! 

Damir & Aida