All Forum Posts by: Kara Courtney

Okay, here’s some of the pertinent details:

I am interested in purchasing a rental that already has tenants in place - a company pays the rent on behalf of the tenant. This will be my first rental. I live in California and the home is located in Oklahoma.

I see that there are a lot of online rent collection companies. Which is the best online rent collection company to use and why?

Thanks for your insight!

@John Warren thanks! I live in CA, but the property will be in OK or MO.

I’m getting ready to purchase my first investment property, and I plan to purchase more.

I am a realtor and already have an S-Corp set up for my salesperson business commissions.

Should I purchase my first home in my name (then transfer to an entity after the purchase), in my S-Corp or through a new LLC?

If I should purchase it through a LLC, should I have it set up first before purchasing?

And have you received advice to have an LLC for each rental property you own or would 1 suffice for multiple properties?

@Jon Raper Thank you.

@Melissa Dwiggins I’d love to get that info. Thank you so much!

@Bethany Patterson thanks! I’d be happy to connect with your contacts.

And I really appreciate you sharing the rate.

I'm tho king that the HELOC I'm considering might be a better rate.

Hmm.

Thank you!

I am getting ready to purchase my first rental property in Oklahoma City, OK and I’m looking at an home that is priced under $80,000.

I plan to put 25% down to get the best rate.

I’m from California and haven’t run into this before... but it seems like there are lending minimums and a conventional loan of $60,000 isn’t something I’m finding easily.

I could likely get a hard money loan or get a HELOC on my primary residence and purchase the home with cash... but I don't like these options because the interest rates are higher than a Conventional loan.

Besides hard money or a HELOC, are there any suggestions on how to get this smaller loan at a reasonable rate?

John McLaughlin, I am local realtor and investor. I was born and raised in Carlsbad and wanted to see if you could use any help with selling your SFRs or finding some multi-unit properties. Call/text 760-583-2226 or www.FineHomesSD.com. ~Kara

Hi Bud, I am a local realtor and real estate investor in North San Diego County. I was born and raised here, too. :) I am happy to connect if you need help with selling your property or locating a new one in the area. www.FineHomesSD.com or call/text 760-583-2226. ~Kara