All Forum Posts by: Edward Pruett

Have/had a few STR's in the Pigeon Forge, TN area and now looking to expand my portfolio to MFH's. Looking to connect with property managers in the area!! I have funding and currently looking at properties, but need to have a great Property Managment team before moving forward. Look forward to connecting!!

 Great questions! Yes, this is part of my investment strategy, looking to diversify just a bit and LTR's are within that diversification plan. Great advice on the family member piece, but I'm 100% certain that this will go well - plus, I can shoulder the burden if needed while finding another tenant. Thank you for the reply and advice!! 

@David Clinton III Makes sense, thank you!!

@David Clinton III

Thank you for the reply! So if I can find an investment that offers a higher rate of return vs. the I retest rate on a mortgage, then I should get a mortgage and invest the rest. Did I follow that right?

Hello everyone! Looking for a bit of advice. I recently sold a shot term rental and was able to make a nice little profit! I'm looking to reinvest some of that profit and have a scenario that I'd like to run by the group. I plan to purchase a small property as a long term rental for a family member who will pay rent back to to me - very reliable, but I will setup agreement as I would with any tenant. I know that I will receive $900 a month and am debating if I should purchase the property outright with cash or get a small mortgage while putting half down (or a similar scenario). 

Look forward to any advice that the group might be able to provide. 

Thanks! 

@Jingru Sui, thanks! I will have a loan and will ensure that the LLC is on the title.

Thanks for the info!

New investor here, closing on first short term rental on or around June 1st with a business partner. Have started the process of creating a LLC and was curious to know what advice folks have concerning the title of the property. Should I put the LLC on the title or the individual names of each partner? Welcome any other advice that you may have as well!

Have a great one!