All Forum Posts by: Everitt Gill

I'm looking to buy a property as a buy and hold rental unit, the numbers look good but there is one big potential problem. the current tenant is 80 years old. what happens if she dies in there? should I be concerned with legal problems if she falls in the house and then her family sues me? do I need to buy some sort of special insurance or anything for this? I'm very ignorant when it comes to this, any help would be appreciated. the property is in Florida

I'm 21, have about 1.5 years of spotty work history, a near 800 credit score, and $38k in cash and liquid assets. I want to buy my first property to Brrrr but I'm concerned that my limited work history and short credit history of only 1.5 years will be a turn off to lenders. I have been working a $10 per hour job for the last 2 months and this one is actually alright, there is a clear path I'm being pushed through to become a manager with a fantastic company in the state of FL. so I intend to build more work history here. are the pieces here for me to get a loan to buy a property? or will my limited work/credit history prevent it?

I'm 20 years old and need a place to live. I have the means to buy a decent condo in a safe place for about 105k. I will be leasing out one of the 2 bedrooms to another person, likely a college student at the near by University of North Florida. Should I buy this property in an LLC since I will be renting out part of it? Should I have a professional create the LLC? Ive made one before and it was not difficult.