All Forum Posts by: Elisha Keller

@Michael G.

Very classic Philly movie. No problem. I like welcoming folks. Congrats on owning several properties free and clear. Do you like owning multifamily properties? What are the advantages? Disagvantages?

Good morning folks,

Here's my newbie question for the day. I just finished my first book on being a land lord (this book was single family specific 90% of the time). I'm going to be purchasing a multifamily and be an OO. The question:

What are the differences in how you file for taxes? Do you simply split everything 50%?

@Stephanie Luongo

Welcome to BP. I'm a local Philadelphia, PA girl myself. I'm just starting out in investing. I'm also interested in buy and hold properties. What REIA meetings have you been attending? What are the fees locally? Do you find them helpful?

@Andre Buckner

No. I'm not in a REIA group right now. I've gotten a few responses here about going to different groups to check them out. I'm also hoping to get some Philadelphia members together from this website for a lunch to just chat, share ideas and network.

@Brandon Turner

Thanks for the input! That's definitely what I'm leading towards.

As I've been listening to the podcast it seems that in at least 3-4 they talk about "setting goals". I've always liked that idea; however, it seems even more important with real estate. So my newbie question of the day:

What are your goals with real estate investing? Why was real estate the way you choose to go about achieving that (those) goal(s)?

@Jennifer Lee

I'm excited! Thanks for this post Jennifer! It's given me a lot of information and it was great getting to hear some of your recent journey in REI.

@Jennifer Lee

I had read somewhere (or maybe it was a BP podcast honestly) that anything over 4 units is considered a small apt. I wouldn't want to take on anything over 4 units (either in purchasing or being a real estate agent for) until I was more comfortable with real estate.

Also, since you said your classes were paid for maybe I will reach out to some brokerages and just talk with them about that possibility. Do you think having a bachelors degree (English) will help at all (showing I can finish an education commitment)?

@Cuong Le

Thanks for the information. I'm use to living with roommates, and large families so I don't think living with a tenant so close will be a problem (at least for a while).

I'll have to look into HUD. It seems likes it's a whole new realm for REI that I haven't really gotten into yet. But thanks for the information.

@Danny Day

Thanks for the advice! I wasn't sure exactly how the licensing worked and I didn't realize it was $1,000 to get a license. The MF my partner and I are looking at are between $100,000-$150,000 normally (some above, some below).

Recently, Century 21 reached out to a friend of mine and offered to pay for the classes (and possibly license) if he stayed with them for a year. Is this something either you or @Jennifer Lee have heard of before?