All Forum Posts by: Derek Foy II

Kevin,

I'm an agent and investor in the Birmingham and surrounding areas. I would love to talk with you guys.

I've charged agents 250.00 for home inspection sit in and have been paid up to 500.00 for showings.

Karyn,

I can send you a list of inspectors in the area that I've used but you have to make the decision. Since I'm a licensed agent it would be considered as leading or steering. Send me your email address and I'll forward you the list.

Thanks Naveen.

I have set a goal this year to purchase 20 income producing rental properties. I've purchased my first property and have caught a snag. The property has plenty of equity but I can't access it to purchase the next property. I recently went full time in my real estate business so I know have to show a full year on my 1099 when before my job produced a W-2. I want some advice on should I wholesale this property and build up my cash? Are there any banks or credit unions that still loan on income producing rentals? I also would like you guys to comment on should I put the property in my personal name or my LLC. It seems like less hassle from the banks to put property in my name.