All Forum Posts by: Huy N.

Another Houston Member! see ya around

Too bad, i'm all the way in Nortwest. you guys have fun!

Hello,

Does any one in Houston TX area has a reputable glass company that i could refer too? I need to replace a big piece of window glass for one of the house.

Thank you,

Dang...sorry to hear this. Unfortunately I don't have any experience dealing this kind of situation either. but we should definitely request to make a sub forum name "landlord honor story" Lot of lession will be learn

alrite then! Thanks everyone

Hi Fellows,

I'm trying to minimize day of market by listing my rehab house to to mls before the rehab finish. is it a good idea? has anyone list their house up before it actually finish and get the buyer on the contract before the house even finish?

Thanks

Huy

I would say leverage a Realtor or get your own license :). Most quality tenants and traffic still going through the MLS from my experience. Craig-list had given me headache.

Hope it help

Thanks

Huy

@Robert Way

I would say to go with your tax guy for now because you are just starting out and only have 1 duplex

I am assuming that you have a mortgage on that duplex, If that is the case, don't event worry about setting up an LLC for the moment. It would just cost you more. The mortgage itself is already a form of assets protection. In the unlikely event that you get sue, the prosecutor will do their homework and see that you only have one duplex and even have the 1st lien of top of it Most likely they won't be able to get anything out of it after all the attorney fee and court fee. They will drop the case.

If you buy it straight out cash then yea, put it in an LLC and/or setup a credit line over it and/or buy a good liability policy

Debt is a form of assets protection. take advantage of it!

Huy

welcome @David Nemeth ! It is always good to know an out of state investor! If I have a chance to visit Germany and see you and talk about real estate. my trip would be tax deductible!

@Joseph Murders Let me know if you ever have a chance to stop by Houston TX. There is plenty of realtor/title company that is investor friendly.

Thanks

Huy