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All Forum Posts by: Katie Huynh

Katie Huynh has started 7 posts and replied 23 times.

Post: HELOC for new project?

Katie HuynhPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 25
  • Votes 4

I don't know much about HELOC and have never taken out this loan. But my plan is I'm going to take out HELOC of my current home to purchase a fixer property, then refinance the property after 90 days to pay back HELOC and turn the property into a rental. Is it a doable strategy? Is it a good plan? What do you think?

Post: Do I need an LLC business to start RE Investing?

Katie HuynhPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 25
  • Votes 4
Thank you all for your insight and advice. We will establish an llc first.

Post: Do I need an LLC business to start RE Investing?

Katie HuynhPosted
  • Rental Property Investor
  • Portland, OR
  • Posts 25
  • Votes 4

I am forming a team/business partner to start on real estate investing, and I want to ask if we need to get some kind of formal business licence such as an LLC...or we can just do it in personal/individual level?