All Forum Posts by: Eugene DuShawn Smith

Thank you very much for your advise. This is helpful 

So I been having this idea of buying a condos out in Orlando for a while now. Beside the HOA fees their pretty cheap and I think there could be a lot of money in them; buy and sell with a tenant, long term lease with tenants, or even short term Air BNB. what do you you guys think think?

 I have equity in my investment property and I have a lot of equity in my primary residents. 

no rehab needs to be done on the investment property and I already have a tenant in place on a lease. 

My goal is to keep moving forward with investments. I don't want to take my foot off the gas 

Thanks for the advise. I just did a cash out refi in order to move my 1st property from my name to my LLC another cash out refi on the same property wouldn't be over kill? also I have a tenant in place now already, I would love to find a muti family or duplex on the market

I just closed on my 1st investment property under my LLC and I'm very excited about it. now I'm at a point where I want to keep my foot on the gas but I'm having an issue trying to figure out what's the next move (how do I attain my second investment property?) ...Third...fourth etc. any ideas would be wonderful.

I just closed on my 1st investment property last week. WOOH WOOH!! I Moved to Florida from West Virginia in 2021 but kept the townhouse I bought there in 2018 and placed a tenant. I got with a loan officer that does nationwide loans "Capital Commercial" and refinanced under my new company Eugene Housing Choice LLC. the interest rate was higher than I wanted it to be but was expected of course because of the current times that we're in.

Thank you everyone. your replies have been very helpful I now know to use a private lender. Its unfortunate but YES 5 years is seasonal with Navy Federal and they will not LTV for anything less

Good Morning, I live in Florida and I've owned a town house in WV for just under 5 years now; 4 years and 2 month's to be exact. It currently has a mortgage and has been occupied with tenants for just over a year and I'm now wanting to put that home under my LLC, but cannot find a bank willing do a (LTV) loan to value because the home isn't seasoned meaning it hasn't been occupied by me or a tenant of mine for 5 years or more. does anyone know of a bank that that can help?

Thank you Sir. 

Good afternoon. My current tenants at my Townhouse have been on a 1 year lease agreement pending a home build of their own that they plan on having finished by the beginning of March of this year. I'm trying to find a new month to month lease agreement doc to put them on but I'm not having any luck. does anyone know where to find one?