All Forum Posts by: Aaron Nelson

Great job Nick!  Thanks for the shout out.  Glad I was able to help!

Congrats man! We'd all love a break down of your cash flow and expense estimates if you're comfortable sharing. 

Hey Chase! Glad to see you've started investing and joined Biggerpockets.com. It is a great community. 

Hi Nathan. The group Giovanny mentioned is still active, but I don't know that there is a meet up scheduled. Hopefully there will be another one soon. 

I'll also add that I agree.  This one may look good on paper, but just be careful as the rehab expenses will add up quickly. 

No worries Tamara. We are definitely out here on our own. But, I'd say you have some misconceptions about San Angelo. Also, I'd agree that many lenders in your area won't lend in smaller markets like San Angelo, but we also have many local lending options available that may fit Dylan's needs. 

Hi Dylan. I looked at 2408 Webster a few weeks ago. It had a very weird layout and you'd probably need to move some walls around to make it work. Let me know if you'd like to look inside (I'd recommend that you look before you bid). I am a Realtor and property manager here in San Angelo.  

I typically charge $300 pet fee but some owners charge $25/m pet rent.  If the tenant stays for a year it is about the same. Hope that helps! 

@Albert Bui that's exactly what I was looking for!!! I'd really like to get all of my properties financed on the secondary market since the terms are more favorable. 

Can I get new secondary market loans in the name of the entity and not in my personal name? It won't do me much good in the long run to refi OUT of the secondary market, back to less favorable terms.


If so, I suppose the steps would be:

1) Form multiple entities to hold 10 or less properties in each.

2) Move properties into the entities so that I only hold less than 10 in my own name.

3) Refi those properties that are now held by the entities at my favorite local bank.

4) *Hold for 6 month seasoning period (I've been told it is required).

5) Refi again into a secondary market

Also, do you know if it matters which corporate structure I use (LLC vs S Corp, Corp)?

Your reply is very much appreciated!

Thanks Andrew and Wayne! I was hoping to be able to deed over the properties into the  S Corp, but it doesn't sound like that will be an option. 

I may just have to play the game and move into multi family!