All Forum Posts by: Kat N.

Dear Bigger Pockets Members, 

I have already bought my primary SFH (for living) with traditional bank mortgage. I am looking buy an investment SFH with traditional bank mortgage again on personal credit. I want to rent out the SFH. 

So the idea is to put the investment SFH into the LLC to (a) Limit liability to the LLC and investment SFH only, and (b) To deduct expenses and take advantage of depreciation.

Here are my questions:

(1) I have heard that since my investment SFH using bank mortgage on personal credit, I can't make LLC because bank won't allow it. Bank wants it be on my credit. Is that true? Anyone has done this before?

(2) Anyone has tried to do 1031 exchange with investment SFH? I know 1031 is more for commercial, but try a long shot if anyone has tried it for SFH.

I am looking forward to your advice. I really want to limit liability and deduct expenses through LLC.

Thank you very much, 

Best Regards, 

Hi Antonio, I don't see your Youtube link, can you post it again? Thanks :D 

Thank you so much @Ryan Butler! I actually studied Neal Bawa course as well, and I agreed, it is extremely informative and a concrete plan of step to step. 

Awesome, thanks so much @Todd Dexheimer and @Manny Cirino! 

Ah I see. Thanks @Matt Engle for the suggestion! 

Dear all, thank you very much for your information! It is very very helpful!

@Manny Cirino @Dan Handford I just checked out Marcus & Millichap. Tons of great information over there! Thanks so much! 

@Dan Handford: yeah, I know some top syndicates use Costar. At high level, can you tell the differences of Costar vs. other free info such as census.gov, city-data.com, free reports from top CRE brokers? Since you pay for Costar services, I am assuming the difference is substantial, and I would like to understand the decision process.

@Tj Hines Thanks so much! I will check out Neal Bawa class, it sounds useful. Yes, I will check out city's master plan once I narrow down my city list!

@Matt Engle Yes, I sure will reach out property managers. Do you think PM will have biased opinion? Of course they want investors to invest so PMs will have job. Any thoughts about it?

@Lien Vuong Thanks Lien for the tips of checking the building permit! 

@Sterling Chapman Thanks. I am doing it also, but it is massive. Do you go through their educational videos, or any specific surveys / tables you find that it is helpful.

Sorry --- try to do some shortcut on that massive website. 

Hello BP experts, 

I am researching markets / cities to buy apartment. (such as job growth, population, other key factors etc ...)

What are the best tools do you recommend to use? 

I am swimming with tons of info / Google search right now, so any help will be very much appreciated! 

Kat

@Jerry Padilla: Is it? I thought the SFH is mainly funded by hard money lender, I think commercial / MF would look at the cash flow. I thought it is a very different process?

Best, 

Dear all,

I am currently doing Single Family Home. I want to expand to do Multi-family(first time). I am new to the loan process for multi-family. Any recommendation for first time buyer? Also, if you have any contact, please help to refer. 

Thanks so much,