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All Forum Posts by: Ken Oconnor

Ken Oconnor has started 3 posts and replied 6 times.

Post: renting in the winter

Ken OconnorPosted
  • Lansing, IL
  • Posts 7
  • Votes 0

thanks Jeff the people on bigger pockets are the best 

Post: Winter Occupancy

Ken OconnorPosted
  • Lansing, IL
  • Posts 7
  • Votes 0

thank you all for your responses they were truly helpful 

Post: renting in the winter

Ken OconnorPosted
  • Lansing, IL
  • Posts 7
  • Votes 0

I'm buying a house to rent out the only problem is that the closing will happen in December and after some rehab it may be January before I can rent out chicago has bad winter's should I hold off until spring a lot of people don't like moving in the winter and I don't want to have to pay the mortgage all winter 

Post: negotiating price

Ken OconnorPosted
  • Lansing, IL
  • Posts 7
  • Votes 0

negotiating purchasing price on short sale

Rob thank you so much you have  given me a lot to think about and hope , one of my concens is that I want protection and I preferred not to have assets in my name

I heard from brandon that a lot of banks won't give you a loan for residential properties in a LLC name that you have to get the loan in your name but then you have no asset protection and if you change it into a LLC name you trigger the due on sale clause does anyone have a solution