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All Forum Posts by: Doug Kenney

Doug Kenney has started 2 posts and replied 13 times.

Post: Good Real Estate Accountant/Lawyer in NYC

Doug KenneyPosted
  • New York, NY
  • Posts 13
  • Votes 33

I'm just getting started in real estate investing, and I'm based in New York City.  I'll probably be doing most of my investing activities out of state; however, I'd love to get a great accountant and/or lawyer to help me get set up with the right legal entities, banking, etc. so I can get started.

Anyone have good recommendations?  Or, even if you use someone out of state but you're based in NYC, I'd love to hear from you too.

Post: Fund And Grow Business Lines of Credit

Doug KenneyPosted
  • New York, NY
  • Posts 13
  • Votes 33
Originally posted by @Matt K.:

If you doing this to buy properties.... for buy and hold... and are planning on a cash out refi, TALK TO A LENDER prior. You might get stuck w/ a house on a line of credit when you can't refi out of it.

 Could you elaborate on this?   Are you saying that if you purchase the home using business lines of credit somehow, that banks will be hesitant to loan to you on the backend of the rehab/refi?

Post: Houston Flood Homes Now Renting

Doug KenneyPosted
  • New York, NY
  • Posts 13
  • Votes 33

@Monte Mabry did you ever get an answer to this from other sources? would love to hear, as I'm thinking of getting in on the action but want to verify that post-rehab rentals are doing OK!