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All Forum Posts by: Jeffrey Tallie

Jeffrey Tallie has started 3 posts and replied 7 times.

Post: LLC On Househacking A FourPlex

Jeffrey TalliePosted
  • Rental Property Investor
  • Gulfport, MS
  • Posts 7
  • Votes 1

Alright sounds good thanks for the advice 

Post: Fourplex househack vs commercial property for first investment

Jeffrey TalliePosted
  • Rental Property Investor
  • Gulfport, MS
  • Posts 7
  • Votes 1

Alright sounds good thanks for the advice 

Post: Fourplex househack vs commercial property for first investment

Jeffrey TalliePosted
  • Rental Property Investor
  • Gulfport, MS
  • Posts 7
  • Votes 1

If I'm low on capital do you think it would be better to get an unsecured revolving business line of credit (not a credit card) backed up with a personal garrenttee between $50k to 100k to use as a down payment (with a llc) conventional 20%/25%/35% (I honestly don't know how much percent the downpayment would be one of the three) on a small commercial investment property 5 to 50 units instead of getting A fourplex with a fha and househacking it and only having to put 3.5% down. Trying to think long-term since this is my first investment property. I was thinking maybe if I had like 10k to 20k cash I could leverage my money to get some business credit if that's possible. Or should I just take the 10k to 20k cash and househack a four plex with a fha loan.

Post: LLC On Househacking A FourPlex

Jeffrey TalliePosted
  • Rental Property Investor
  • Gulfport, MS
  • Posts 7
  • Votes 1

If I'm low on capital do you think it would be better to get an unsecured revolving business line of credit (not a credit card) backed up with a personal garrenttee between $50k to 100k to use as a down payment (with a llc) conventional 20%/25%/35% (I honestly don't know how much percent the downpayment would be one of the three) on a small commercial  investment property 5 to 50 units instead of getting the four plex with a fha and househacking it and only having to put 3.5% down. Trying to think long-term since this is my first investment property. I was thinking maybe if I had like 10k to 20k cash I could leverage my money to get some business credit if that's possible. Or should I just take the 10k to 20k cash and househack a four plex with a fha loan.

Post: LLC On Househacking A FourPlex

Jeffrey TalliePosted
  • Rental Property Investor
  • Gulfport, MS
  • Posts 7
  • Votes 1

I was wondering if I should purchase a Fourplex with a LLC I plan on house hacking for tax purposes if this is my first investment property and how much of my monthly rental income i should put back for taxes. I live in Mississippi.

Post: Section 8 Housing Investing

Jeffrey TalliePosted
  • Rental Property Investor
  • Gulfport, MS
  • Posts 7
  • Votes 1

@Patti Robertson thanks for the info

Post: Section 8 Housing Investing

Jeffrey TalliePosted
  • Rental Property Investor
  • Gulfport, MS
  • Posts 7
  • Votes 1

How long does it take to set up a house for a section 8 Housing tenant, and what are the requirements for the property to be eligible?