All Forum Posts by: Juan Lopez

thanks Bill. I will also take a look into this and see if it really saves me time, money and hassle. 

Thanks for the info Wayne. It is much appreciated. I will look into and inform my self to make an educated decision. 

 Thanks for the input Josh. Will take a look into this. 

Thanks for you input Caroline. All the information is much appreciated. I am no expert in the topic, but your comment comes at surprise to me, taken into account that one of the loan officers I work with mention this plan. Thanks again. 

Hello all:

I was hoping someone here could help me with a current situation. My partner and I want to buy rental properties (single houses) by applying as individuals to get better conditions on the loan (interest rates, closing costs, etc) but then want to do a quitclaim deed and transfer rights to an LLC to protect our total networth. I know banks could execute a due on sale clause but in reality that is not common, as long as I pay on time. My question is, I know that by transferring the right to an LLC we will be protecting our networth, however, the loan would still be under our names. Does this last mean anything at all? What other considerations should I look at? Is an LLC the best structure?

Thanks in advance. 

I should be closing the purchase of my home residence by the end of July, and I wanna set up a security system. I would appreciate if you can tell me you experiences with this and what recommendations can you give me in general. Thanks in advance.

Hello All:

I am in the process of buying a single family to live in it and house hack it. I have looked so many houses and some are good options. Some are ready to move in and some require some rehab/remodeling. I currently own 5 units total, but i havent had to spend money on remodeling any of these units. Therefore, I dont know how much money it would require for me to remodel a house. I have no experience there. Where can i start looking and learning about this?  Thanks in advance 

@Germaine Valladares hey man, welcome to miami. I'm down for a networking event.

@Dave E. Thanks again man. Let's wait and see if anybody else can post their opinion.

@Dave E. Thanks for you reply. I totally forgot to mention I was planning on house hacking my house, and the numbers I have run indicate I would be living almost for free. Also, if I do use the funds for my primary residence, I believe the state taxes go down from 20% to 10%.