All Forum Posts by: Eric Eckman

Just purchased a condo in Hollywood and paid cash. Looking to get some money out of the equity. Can anyone recommend a lender or offer any advice?

I'm putting the final numbers together on the purchase of a condo that we'll be renting out in Hollywood. Looking for referrals to good Property Managers. Thanks in advance!

Thanks @Victor Steffen, @Mike Z. and @Jay Helms. I am looking for more regional and market based information in line with city-data or other similar sources. Do appreciate all the suggestions though!

What are good sources for analyzing markets in terms of number of rentals available, avg rents, time on the market, etc.....?

This article is chock full of good information for anyone investing in the Greater Cleveland area: http://realestate.cleveland.com/realestate-news/20...

Here's a link to the report that they cite: https://www.wrlandconservancy.org/communities-at-t...

Thanks all for the replies. It's really helpful to hear the feedback from people that have been living in this world already. It seemed like everything I read pointed to putting my properties in an LLC for asset protection and tax savings. Definitely sounds like that's not necessarily the case.

I'm preparing to buy my first rental property, single family. Ultimately I hope to have several and plan to own them in an LLC. My debt-to-income is such that I could definitely qualify for a traditional 30-year mortgage, with a 20% downpayment and low interest rate but it would be in my name. Under this route, I'd transfer to the LLC in the future.

However, I know there are risks with transferring to an LLC in this fashion so am I better off just biting the bullet and taking the loan out through the LLC, meaning 30% downpayment, likely less than 30 year loan, and likely a bit higher interest rate?

Am I even thinking about this the right way? Any thoughts are appreciated.