All Forum Posts by: Eugene DuShawn Smith

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? 

Investment Info:

Townhouse buy & hold investment.

Purchase price: $174,900
Cash invested: $2,000

Hello, not only am I new to the site I'm also a new property investor. I just start taking investing seriously and started my own company Eugene Housing Corp LLC With so far just one townhome property under my portfolio with my 1st tenant

What made you interested in investing in this type of deal?

this is a townhouse in a booming neighborhood on the rise

How did you find this deal and how did you negotiate it?

this was a first time started home that I live in for 2 years before tuning it into a investment property

How did you finance this deal?

via mortgage

How did you add value to the deal?

front yard renovation. removed all bushes and trees and placed rock and garden also added a water filtration system inside the home