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All Forum Posts by: Jenn Marino

Jenn Marino has started 3 posts and replied 4 times.

Post: Rehab loan for investing property?

Jenn MarinoPosted
  • Posts 4
  • Votes 1
Quote from @Eliott Elias:

Why does it need to be a primary? There are other lending products that allow you to purchase in your LLC and borrow the rehab.


This would be my first property, I don't have Ann LLC should I? We would rather pay a lower IR.
I’m open to suggestions though! 

Post: Rehab loan for investing property?

Jenn MarinoPosted
  • Posts 4
  • Votes 1

There is an opportunity that presents ya itself to buy a home in a well desirable neighborhood walking distance  to the beach with desirable rental income but does need to be a primary first. We were thinking staying remodeling and renting out after two years. 
I’m new to investing and we would take a 203k loan out but is this smart the price is pretty high up maybe leaving 100k for renos 


I’m wondering if I should jump or wait

So I’m struggling on what to do and need some help. My house is on the the shoreline of CT. Downtown walking distance to everything including the train station. We added a suana and converted our garage  into a a legit gym with turf and all. We can sell for 490k in this market make 200k off the house immediately or do we do Airbnb as we are in  a vacation town. My concerns is when the market drops I won’t get the sale price again and airbnbs pricing in the market will drop as well or I won’t make that $ Airbnb for a few years? Etc.  Do I sell and make the cash and continue to flip houses or keep this house and Airbnb? 

So I’m struggling on what to do and need some help. My house is on the the shoreline of CT. Downtown walking distance to everything including the train station. We added a suana and converted our garage  into a a legit gym with turf and all. We can sell for 490k in this market make 200k off the house immediately or do we do Airbnb as we are in  a vacation town. My concerns is when the market drops I won’t get the sale price again and airbnbs pricing in the market will drop as well or I won’t make that $ Airbnb for a few years? Etc.  Do I sell and make the cash and continue to flip houses or keep this house and Airbnb?