All Forum Posts by: Jesse Dejesus

Has anyone had any good/bad experiences with purchasing real estate via this method?

@Nick C. Yes

Can anyone suggest how to move forward? What should be done? What shouldn't be done?

I'm currently under contract for a purchase of a SFH. During home inspection, a few things came up. A repair request was sent over, and seller agreed to repair.

Problem is that we are 3 days to closing, and none of the repairs have been done. My agent has been trying to get things moving forward,but sellers agent has not been very cooperative. Basically said they have no time frame on when they will be done.

I am still very interested in purchasing the home.

@David M. Thanks for the feedback.

@David M. thank you David for the feedback. I will definitely talk to a CPA about my concerns. The LLC idea was solely to protect my assets. At the moment I'm using my landlord insurance policy and an umbrella policy to to protect myself.

@Clinton McGilvray thank you for taking the time to respond to my question. I appreciate your feedback. 

As an oos investor, would I have to pay double taxes? Do you recommend opening a Lcc? I'm just getting started, have one primary and one investment property.

@Gavin Davie much appreciated!

@Gavin Davie Thanks for the feedback, areas you would recommend?

@Gavin Davie Property is located in Hedgeville, not to far from riverfront. My goal is to buy to hold, as long as cash flow is right. I’m just beginning so I have made some mistakes. But I am remaining positive and so far numbers are positive.

Hedgeville didn’t Seem as bad as some other neighborhoods i visited. Some of them reminded me of Brooklyn in the 90’s. Kind of sad to see. Because I don’t reside in New Castle County, I have to use a management company. That in itself has been a little challenging.

I’ve come across two that I’m considering. Have you heard of Rentwell or White Robbins? Good/bad? What is you opinion on Hedgeville? What other areas in that price range would you recommend?