All Forum Posts by: David Silva

I need some advise on forbearance.

I recently lost my job and I'm considering whether I should place my mortgage in forbearance. Is an FHA loan.

Or I should pay it with some cash I had saved up. I’m looking for work but it’s kinda of hard right now.

I wanted to start investing this year and I don’t want to create a road block with this.

@Nathan Gesner so true. Lesson Learned!

Hi Bp Community just want to share something that happen to me recently. This is mainly for those who are thinking of investing in real estate and never really get it going, and i want to say I'm guilty of it myself. Always making excuses and always saying tomorrow I'm going to  start, then that tomorrow never comes. Why is that? For me, I was too comfortable in my job, making decent money, good working hours and being in the medical field that has high demand i felt good. Then new management comes in and start making so many changes that don't make sense and next thing i know I'm terminated! It was a shocker for me, it left me spinning, questioning myself what did i ever do wrong? I've always been one of the highest performers, what happen? and well to make it short, my conclusion was " I was not doing things right" "I failed my self and my family for relying on outside sources to take care of us" 

This time going forward I am more committed than ever to pursue my journey in investing and never again rely on things that are not in my control dictate my well being. 

So for those who are staring ****GET TO IT*** having a job risky. 

Thanks and best of luck! 

@Anthony Gayden

Great thank you!

@Jaysen Medhurst

Great thank you

Hi Bp Community,

I have an interest in getting into multi-family and i want to target properties owned my single owners and not big companies. 

What is the average number of units that they normally hold? 

And what markets are more likely for those to be in? 

Thank you!

@Wendy Oliver I think i heard that episode too, I believe it was an interview with an attorney, very informative.

@Lynda Duke You should make one in the state the property is located and then add that LLC to the one in wyoming.

If you are buying a property to do a BRRRR, Do you buy under your name or under LLC? I'm asking because i came across a post that they said lender would not refi with cash out under LLC.

Could the other option be buying under your name do they whole process then change ownership of the property to the name of your LLC?

or is this location dependent? 

Answers would be greatly appreciated it.  

Thanks 

Makes a lot of sense. Since i want to be for cash flow i might just have to move my search more to the midwest or other markets. 

Thanks