All Forum Posts by: Joel HusVar

I understand the old saying "practice makes perfect" which is why our first couple deals will be 2 family properties that are purchased already rented to gain positive cash flow (minimal at most however they still are positive). I understand like any investment there is risk however I feel a property already rented by good tenants shows the lowest risk. I'll get into a bank owned property once I become more established. Does anyone have any tips they have learned over time to maximize profits? I've been reading up on "discounts" for rent early, charge more for dogs, charging late fees, and incentives

I understand the current market. I've been a Realtor for 2 years mainly selling SFR not multi and my partner is an accountant. Is an LLC the way to go?

I drive an explorer and a 35th anniversary thunderbird SC

A friend and myself have decided it's time to start buying properties due to the fact my local market is in a bottom market and interest rates are so low, it's practically free money. I feel in my market it's best to buy and rent due to the property values being so low. Would we want to open a LLC to do this? Should we put our own names on it without a company? Our 1st couple properties will more than likely be 2 family properties that are already rented out to get posotive cash flow. Then possibly a rehab. What tips can anyone give so we don't get over our heads too quickly?