All Forum Posts by: Evan O'Brien
Evan O'Brien has started 67 posts and replied 124 times.
Post: Personal Loan: Down Payment

- Sayville, NY
- Posts 126
- Votes 34
Is it a good idea to use a personal loan to fund a down payment for an investment property? I know that using a personal loan through a company such as discover or SoFi is much riskier than using a different type of financing strategy such as a 401(k) loan or HELOC to fund a down payment. But if you're able to make the numbers work with the property with the personal loan is it a good idea to take one out?
@Trevor Stone Thank you so much for the information, I’m planning to start with my own money and the amount of money needed to start investing in Buffalo is way less than Long Island. I’ve thought about investing in Buffalo since there is a good rental demand and I’m somewhat familiar with the area (I went to college at St. Bonaventure University), have visited there multiple times and I have several friends that live in the Buffalo area.
Where in Buffalo are your rental properties located? I’m hoping to get started investing within the next 1.5-2 years when I have enough money for a down payment and potential rehab costs. Thank you again for reaching out!
What’re everyone’s thoughts on investing in single family homes or small multi family property’s in either Rochester, NY or Buffalo, NY? What factors in each of these markets determine if they’re great markets to invest in?
@Eric Nintzel It is really nice to see someone else from Sayville on here! And awesome! I’m planning to do the long distance route as well and looking to hire a PM, Agent, Contractor and develop relationships with lenders in the area I invest in that way I can work on my business instead of in the business. And very nice, a couple of friends that I grew up with live near off the Block and off Lowell rd. I live off of Terry Road by where the Island Hills Golf course used to be.
If you’re interested I’d be down to meet up one day, I’d love to hear about how you got started and where you currently are in your Real Estate Investing journey!
@Eric Nintzel Eric, thank you so much. And thank you for the advice! Where in Sayville do you live?
@Randy Gutierrez Thanks you so much! And awesome! Where in Sayville did you get married? I’ve been thinking about investing in the Lehigh Valley area, I’ve heard great things about purchasing property there as well as the increase in employment opportunity’s there. I’ll definitely send you a PM since I do have a couple of questions and if you even wanna meet up in person when Covid calms down I’d be interested in that too!
Post: Questions to ask an Agent

- Sayville, NY
- Posts 126
- Votes 34
Hello, What are some great questions to ask when hiring a potential Real Estate Agent for your team? I’m looking to purchase single family and small multi family properties below market value for long term buy and hold while obtaining cash flow and rehabbing the properties to increase their value!
Post: Starting an LLC for your rentals

- Sayville, NY
- Posts 126
- Votes 34
Hello, when is considered an appropriate time to open an LLC for your rental property portfolio? From the research I've done it doesn't make sense to create an LLC after you purchase your first rental and you shouldn't have greater than 3-4 rental properties in each LLC since the person who's suing you can go after all your assets in that once LLC. Does anyone have any suggestions?
@David Ribardo David, thank you for reaching out! The Lehigh Valley was one of the markets I’ve been exploring and considering investing in! Would I be able to send you a PM to learn more about the market, how you got started and what factors to consider when investing in the Lehigh Valley?
@Danish Jawaid thank you!