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All Forum Posts by: David Bell

David Bell has started 16 posts and replied 118 times.

Post: $12,000 to Replace a Sewer Line... too expensive?

David Bell
Pro Member
Posted
  • Real Estate Agent
  • East Brunswick, NJ
  • Posts 129
  • Votes 63

@John Jacobs can you pm me who you had do the work? Thx

Post: Need Property Inspector & Insurance Referral Indianapolis

David Bell
Pro Member
Posted
  • Real Estate Agent
  • East Brunswick, NJ
  • Posts 129
  • Votes 63
Hi all. I'm looking for good home inspector and home insurance referrals in Indianapolis. Please let me know who you recommend. Thanks! Dave

Post: NO GUNS ALLOWED!!! sticker... should I put it up or not?

David Bell
Pro Member
Posted
  • Real Estate Agent
  • East Brunswick, NJ
  • Posts 129
  • Votes 63
John Koontz Yup. You're right. And it is a dumb idea to advertise that the tenants have all been disarmed.

Post: NO GUNS ALLOWED!!! sticker... should I put it up or not?

David Bell
Pro Member
Posted
  • Real Estate Agent
  • East Brunswick, NJ
  • Posts 129
  • Votes 63
Patrick Britton having children is exactly why I should never be mandated defenseless and advertised as such, especially in my home.

Post: NO GUNS ALLOWED!!! sticker... should I put it up or not?

David Bell
Pro Member
Posted
  • Real Estate Agent
  • East Brunswick, NJ
  • Posts 129
  • Votes 63
This is unconstitutional per D.C. v HELLER.

Post: Looking for Lenders in Indianapolis

David Bell
Pro Member
Posted
  • Real Estate Agent
  • East Brunswick, NJ
  • Posts 129
  • Votes 63

Hello BP.  

I am looking for a lender that provides long term mortgages on LLC owned properties in Indianapolis. Who are you using? Thanks!

Post: Real estate license benefits or drawbacks

David Bell
Pro Member
Posted
  • Real Estate Agent
  • East Brunswick, NJ
  • Posts 129
  • Votes 63

I just became an agent and I'm (hopefully) getting my first property this year.  

However, you'll need to understand that you have to be licensed where you will be investing in order to have direct benefits like saving commissions, etc.  Also, be advised that the broker you work under will most likely not waive the commissions on every investment property you acquire.  They'll probably waive it once.  Additionally as a licensed agent, you could have a greater liability depending on what you are doing.  There are costs involved(about $2000 here in NJ) to be an agent but if your partner will pay for it, that's not an issue.

Having said that, I highly recommend taking the class to get your license.  It was $399 with the book for a NJ license class.  I did it with a school that offered a revolving curriculum a few nights per week so you could attend days that fit your schedule and you would cover each chapter multiple times.  I really enjoyed the class and it was bitter sweet when it came time for me to exit the class and take the test.  I also ended up joining my instructor's brokerage as he is also an investor and I'm hoping to gain a mentor out of it as well.  I actually did this because real estate really interests me and I'm hoping to eventually transition out of my current full time occupation into RE sales and investing full time.  I don't plan to invest here in NJ so I figured there wasn't much downside.

Post: Any turnkey providers helping with BRRR Strategy?

David Bell
Pro Member
Posted
  • Real Estate Agent
  • East Brunswick, NJ
  • Posts 129
  • Votes 63
Kyle M. Could you PM me who you're working with in Indy? Thx

Post: Lenders and LLC's - Oil and water?

David Bell
Pro Member
Posted
  • Real Estate Agent
  • East Brunswick, NJ
  • Posts 129
  • Votes 63
Chris Martin I'm not challenging you because I'm a know nothing noob lol. I was just curious. How would this play out in a state that doesn't use attorneys for real estate transactions?

Post: Lenders and LLC's - Oil and water?

David Bell
Pro Member
Posted
  • Real Estate Agent
  • East Brunswick, NJ
  • Posts 129
  • Votes 63
Chris Martin I'm guessing the bank won't go for this if they know UP front that the ownership will be deeded over to the LLC at closing?