All Forum Posts by: Josue Velney

Foreclosures? Seeing three in one day! Good luck! Sounds exciting. Everyone gets nervous nothing to worry about unless you have not taken the time to educate yourself. I recently pulled money out of a line of credit. Best decision I could of done. I close on the new property in 25 days and I can't wait. I personally like the line of credit over the refi because I only pay on what I take out and I can reuse the line over and over if I pay the loan off. ;-)

Hi BP, I am looking for a contractor in the greater Boston area. I recently purchased a rental property in the city of Medford and need to rehab sooner then later. The property is currently vacant. Good help is hard to find. All the good contractors are lined up with work. Please help BP.

Hi BP, I am thinking about attending REIA tomorrow in Dedham MA can anyone tell me about the REIA? Is it worth attending. I am just looking for more information. It would be great to meet new investors in the local area and to learn something new.

Can some tell me more about REIA? I'm thinking about going tomorrow but have never been.

Hi Kevin, welcome to the club. I am also from and live in Somerville. I can't believe how much our market has change in the last couple of years. I will you nothing but luck!!

Hi Ernie, I total understand how you feel. I am from Somerville and our real estate is climb similar to your market. I love the way you think. My personal opinion is condos are tough to make the numbers work mainly due to condo fees. If you should trade up and rent out your place really depends on how much equity the first property has and if it will cover the whole mortgage and add some extra cash in your pockets. Good luck!!

Thanks, I'm just looking for more examples. I just got done reading BP's book on investing but they did not touch on the subject too much. 

Hi BP,

I currently invest in two different areas. One area has great cash flow the second has great appreciation value. My empire is grown vary fast. I currently have two LLC's. My question is when do you know if you need more than one LLC? Should I place my assets in the LLCs by investment locations or by property value amount? Example should I say once I have so much value and liability in one LLC move to the next one? Should I keep the two family units in one LLC and the 16 unit in the other? Thanks...