All Forum Posts by: Joseph Tolliver

 Thank You Marcus, I will check more into it. i am looking for more of a how-to guide/course that will explain the ins and outs of each platform. i may just have to read a book on each subject and implement one at a time until i become more familiar. once Inam at a spot where i can afford a monthly payment i will move to a more integrated system.

Hello,

I have a general idea of it online marketing. however, I am looking for "how to" course on it. i would like to get a system in place so it is almost automated. Im looking for ways to get content for facebook/linkedin post as well as setting up lead pages and website systems. 

does anyone know of a course like this? or a good place to start?

@Lloyd, did you ever find out the answer to this? I posted this same question but did not receive any answers. So I thought i would search it. Please let me know what you figured out!

Darlena, 

Isnt the purpose of assuming or subject-to so you do not have to seek financing? The financing is aleady in place. Plus shouldnt it keep the loan in the sellers name and on thier credit? My knowledge of creative financing is limited but that was my underatanding.

This is more of a curiousity question for the future. If I were to get a deal subject-to, I would like to be able to use the equity in the house to assist in other deals. 

I am not opposed to the refi idea but in the off chance I am not able to, I want to have the access to equity.

Thank you for your response

If you obtain a house by assuming or subject-to existing financing. Can you turn around and get a HELOC on that home? Assuming you bought the house correctly and there is enough equity to do so.

What is the process to change insurance from homeowners to rental. Currently the insurance is paid through escrow. I feel we should shop for the rental insurance. If we choose to go with a new company how do we update escrow? 

This seems like a super elementary question but i havent had to deal with this before.

Thank you all for the great information! It is right in line with what i was thinking. Again thank you

Hello,

I am currently deployed with the military. My wife insisted we move back home to Illinios. Our house in ohio isnt selling. I decided to become a landlord. I have a property manager in place to oversee the property. There isnt any equity in the home. I think the loan is just now getting down to the home value. Rental income should cover the expenses but not much profit will be made.

I have alot of questions but I will start with these:

Should I place this house into an Entity such as an LLC for legal protection? If so, how should i go about transferring it from my name to the new entity? Is it as simple as signing the deed over to entity and filing with the county recorder?

What insurance should I convert to? Basic landlord/rental dwelling insurance or should i add extra insurance or some sort?

Any other hints tips or advise for a soon to be first time landlord?

Thank you in advance