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All Forum Posts by: Johnny Zapata

Johnny Zapata has started 4 posts and replied 4 times.

Post: Inherited property, should I transfer to LLC?

Johnny ZapataPosted
  • Investor
  • Fresh Meadows, NY
  • Posts 4
  • Votes 0

My wife inherited a property with tenants. She has already collected rent into her personal bank account. We have a LLC we use to buy rentals. Should we transfer her new property to our LLC?

I want to make sure we don't pierce the veil of our LLC, if I'm using that term correctly. We live in NY and the property is in NY if that matters.

Post: Looking for GC for rent ready rehab

Johnny ZapataPosted
  • Investor
  • Fresh Meadows, NY
  • Posts 4
  • Votes 0

KC, I am looking for General Contractors to rehab a 3 bed, 2 bath single family home I recently purchased in Independence MO 64052. I am looking to BRRRR the property. Thanks

My wife and I applied for a heloc using her primary residence purchased at 600k. There is no mmortgage. We generally don't carry debt over to the next month, but I guess our DTI was still poor. Bank offered us 100k. I was planning a BRRRR and I don't think it's enough. Should I take the money and adjust our plans, our look to another bank?

Post: Tips for first meet up

Johnny ZapataPosted
  • Investor
  • Fresh Meadows, NY
  • Posts 4
  • Votes 0

I am attending my first meet up soon and I am a new investor with no deals under my belt. Don't want too seem needy or out of place? I'm guessing I want to strike a balance between being organic and networking aggressively. 

Any tips?