All Forum Posts by: David Y.

From what I have read, I think it's a bit easier to get financing if you put your first deal /few deals under your own personal name. LLCs have higher lending standards/interest rates and I think it's better to rent the house through your LLC instead of financing through it. When you start to scale out/up, I think it's better to do an LLC at that point.

This is a great thread, thanks for doing it. 

My partner and I are currently in the process of buying our first real estate property as an investment. 

Many real estate podcasts and books that I have read state that a big regret that the real estate investor had was not investing fast enough/ taking too long to invest in their first property. That being said, your recent BP podcast + your new book has some warning signs on the economy and a potential recession around the corner. If you were a first time buyer (as an investment), would you wait until prices are cheaper or would you jump in now, when prices are potentially higher? 

Obviously one cannot time the market perfectly and you also have to make sure the numbers work for you, regardless of when you buy. But what is your advice for timing your first home purchase? Wait 3-6 months? Buy now? 

Thanks!