Skip to content
×
PRO
Pro Members Get Full Access!
Get off the sidelines and take action in real estate investing with BiggerPockets Pro. Our comprehensive suite of tools and resources minimize mistakes, support informed decisions, and propel you to success.
Advanced networking features
Market and Deal Finder tools
Property analysis calculators
Landlord Command Center
$0
TODAY
$69.00/month when billed monthly.
$32.50/month when billed annually.
7 day free trial. Cancel anytime
Already a Pro Member? Sign in here
Pick markets, find deals, analyze and manage properties. Try BiggerPockets PRO.
x
All Forum Categories
All Forum Categories
Followed Discussions
Followed Categories
Followed People
Followed Locations
Market News & Data
General Info
Real Estate Strategies
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Real Estate Classifieds
Reviews & Feedback

All Forum Posts by: Joseph Cahill

Joseph Cahill has started 11 posts and replied 25 times.

Post: LLC and Purchasing first Property

Joseph CahillPosted
  • Real Estate Investor
  • Bergen County, NJ
  • Posts 26
  • Votes 11

Hi everyone,

My partner and I have established an LLC for RE investing. We are looking to purchase our first turn key rental property within the next 2 months and are wondering:

1. When we get financing and purchase the property, is it through myself and my partner or the LLC?

2. When the purchase is complete, is the house in the LLC's name or ours?

3. What are the steps to putting the house in the LLC's name during this process if it is not done immediately?

We currently have the financing and the deal in place, but we are just looking to iron out the above so we know before we go into it. Thank you!

Post: Lender in Baltimore

Joseph CahillPosted
  • Real Estate Investor
  • Bergen County, NJ
  • Posts 26
  • Votes 11

Hi Everyone,

Looking to purchase my first property in Baltimore, Maryland. Turn Key. Does anyone know of any good lenders in the area? Thank you so much!

Post: Real Estate License - New Jersey - Bergen county

Joseph CahillPosted
  • Real Estate Investor
  • Bergen County, NJ
  • Posts 26
  • Votes 11

Hi Everyone,

I currently live in Bergen Counth, NJ and am looking to get my RE license. Does anyone recommend good schools in the North Jersey area? Thank you!

Post: Hard Money Lenders - North Jersey - Bergen County

Joseph CahillPosted
  • Real Estate Investor
  • Bergen County, NJ
  • Posts 26
  • Votes 11

@Ian Walsh Hi Ian - I hope all is well. Just sent you a connection. I will be meeting with my contractor tonight and reach out some time tomorrow to get the ball rolling. Thanks a lot!!

Post: Hard Money Lenders - North Jersey - Bergen County

Joseph CahillPosted
  • Real Estate Investor
  • Bergen County, NJ
  • Posts 26
  • Votes 11

@Jay Hinrichs thanks Jay! And appreciate the advice, will definitely look out moving forward.

Post: Hard Money Lenders - North Jersey - Bergen County

Joseph CahillPosted
  • Real Estate Investor
  • Bergen County, NJ
  • Posts 26
  • Votes 11

Hi Everyone,

I am currently meeting with contractors in North Jersey and am looking to close on my first deal in the next 2 months. Can anyone recommend a good hard money lender in the North Jersey/Bergen County area?

Post: Forming LLC in New Jersey

Joseph CahillPosted
  • Real Estate Investor
  • Bergen County, NJ
  • Posts 26
  • Votes 11

Hi Everyone,

I am looking to buy my first property in the next 2 months and was curious to get people's takes on forming an LLC.

1. If you form the LLC, can you purchase properties under it, or do you need to buy it as an individual?

2. Is there a benefit to having an LLC with your first property?

3. Can the LLC be both a General Contractor and a Property Management firm?

Just curious as to how to get started. I am looking to have my own business and am fairly green to investing. I currently work for a GC in New York City so i have a grasp of the construction side of things, but not so much the inevesting, buying, and business side.


Thank you!

Post: North Jersey (Bergen County) REIA Meetup!

Joseph CahillPosted
  • Real Estate Investor
  • Bergen County, NJ
  • Posts 26
  • Votes 11

I will be there! Looking forward to it.

Post: Recently Laid off - Next Steps

Joseph CahillPosted
  • Real Estate Investor
  • Bergen County, NJ
  • Posts 26
  • Votes 11

Hi @Michael Boyer - I do not own a home, however I have considered house hacking.  I have a good amount of capital saved up and was looking to sock away a little more money before putting a down payment down.  I appreciate your advice and the statistic from the BP Poll.  Thank you and I will keep you updated on my journey. 

Post: Recently Laid off - Next Steps

Joseph CahillPosted
  • Real Estate Investor
  • Bergen County, NJ
  • Posts 26
  • Votes 11

Hi @Kyle Ransom - Thank you so much for the advice.  I had read a lot about wholesaling, but was never taught the way to get started that best fits both making relationships and deals.  I greatly appreciate that and will keep you updated on my progress.  And I will take a look into setting up my business - I did not think of that as a moving part so thank you again for that piece of advice!