All Forum Posts by: Dusty Register

Hey Everyone,

Still relatively new here, but I'd like to think that I have a basic understanding of REI & the underlying math behind rental properties.

Situation:

My wife and I currently own a townhouse, but are looking for an investment property within 5 miles of our address.  We have another couple that has a limited amount of experience with Real Estate Investing, so we are looking to go in on a property together.  They would like to live in the investment property for the next year or so, while we all rehab the house together.  Ideally, we would put in $15,000 or so and increase the monthly rent by $100-$150.  After they move out, we would both manage the property and treat it as a buy-and-hold.

My question is regarding the actual division of ownership of the property. How would one typically begin the evaluation? If they are covering rehab costs and a bit of extra labor, would we cover the mortgage? We plan on forming an LLC and discussing with a lawyer and tax expert first, but I wanted to pose the question here.

Any advice would be much appreciated!!

Dusty 

Good Evening Everyone,

I'm still relatively new to the forums and the concept of REI in general, but couldn't imagine a better forum to pose questions/solicit some feedback! My fiancee and I are getting married in October, and are weighing the pros/cons of buying vs. renting. Here are the facts:

1. We are looking in a relatively expensive area (suburban Atlanta).

2. We plan on moving to a new city within the next two years.

3. We have been pre-qualified and have enough cash to match a 20% down payment.

4. We know little to nothing about fixing up/adding value to a home, but are more than willing to learn!

5. Rentals are in high demand in the areas we are interested in.

Given the above, does it even make sense to purchase a single-family home now, then rent it out via a Property Management Company when we move?  Or should we solely be focusing on finding a property to rent for ourselves, so that we don't end up without a home come October?  

Thanks!

Dusty

Hey Everyone, 

This is my first post on the forums.  I'm a recent college grad looking to build a steady stream of passive income outside of my current job.  I'm in Atlanta, GA, and plan to live here for the next couple of years or so.  My soon-to-be-wife and I are looking for a place to live, and I thought "What better time than now to begin my real estate investing career?"

The thought of living in one side of a multi-family and renting out the other side seems appealing, yet somewhat daunting.  Is this a rational fear for a first time investor, with my only experience coming from a couple of books and the Bigger Pockets Podcast?

As far as next steps, should I just begin looking on Zillow, Realtor.com, Trulia, etc.?  Or should I just make an appointment with a Real Estate Agent that is willing to show me a couple of multi-family properties in the area?

Thanks for any help!