All Forum Posts by: Liam Marshall

@Russell Brazil @Bill B.

Extremely new to real estate here, piggy backing off his question, You don't think its important to protect you're personal assets with an LLC? why? Aren't there also major tax benefits to having an LLC?

I am 17 years old and very new to real estate investing. As I listen to more podcasts, read more books, and watch more videos, I have more and more questions. The following are things I heard or read that I didn't understand and did not get a very clear or simple answer from google. 

What does it mean to under write a multifamily?

Cash out?

Cash out refinance?

Balloon Payment?

I understand the concept of buying properties with value add opportunities because appreciation now affects the property at a higher price and I understand that through this you also build equity because with a 30k value add instead of having 20k equity in a 100K property you have 50k equity in a 130k property. (I think but I could be wrong on both) But what does this actually mean? How can you use this to your advantage? Can I take out a HELOC and use 70% of my 50k to put a down payment on a new property? (just a hypothetical) Or does that not work because in the eyes of the bank do I still only have 20k in equity? A lot of people talk about how important equity can be but without a real understanding Its hard for me to see that importance.

Sorry for questions that probably seem elementary to most of you, just looking for some clarity.

Very new to real estate investing. Everyone says buy below intrinsic value but how do you do that? Is it just finding properties with problems that scare people off (mold, junk, bad smell, etc) and buying those because they will be cheaper?

Hi all,

I'm 17 years old and over the past 6 months Ive had a serious obsession with real estate, more specifically rental properties. I've read a few books and listened to a couple podcasts so I have a small understanding of the basics but by absolutely no means am I knowledgeable in the realm of real estate investing. When I have the capital to do so, the goal is to take an FHA loan on a small multifamily and house hack until I can afford to move out and do the same thing again and hopefully scale year by year eventually working my way up to apartment complexes. I'd love to talk to anyone with experience in real estate investing so if you're in southeast Pennsylvania I would gladly buy you a coffee and if your not we could hop on a zoom.

Best,

Liam