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All Forum Posts by: Maria Luna

Maria Luna has started 38 posts and replied 175 times.

Post: SHOULD I GET AN LLC??

Maria LunaPosted
  • Rental Property Investor
  • Altamonte Springs, FL
  • Posts 185
  • Votes 97

@Scott Smith

That’s kind of what my understanding was just from reading other post here on bigger pockets, just wanted to make sure. Thank you so much for your advice. I for sure want to make sure that I have all the protection I need for my rentals and personal residence. Meeting up with my real state lawyer in a couple of weeks to go over what’s the best option for my personal situation. 

Post: SHOULD I GET AN LLC??

Maria LunaPosted
  • Rental Property Investor
  • Altamonte Springs, FL
  • Posts 185
  • Votes 97

Hello everyone!!

Needing some advice from LLC owners. I currently own two SFH that are rented. I'm in the process of selling one right now and keeping the other one. The house I'm keeping is rented and it's worth about $250,000. I owe $52,000 on it, and should have it paid off in two years. I plan on buying two more rental properties by the end of this year and I'll be paying cash for them. So my question is, should I get an LLC now? I feel like I should since my properties are going to be paid off, but would like to hear from the investors who already have LLC'S. What's the best way to get the most protection, things I need to be aware off before forming an LLC. Meeting up with my real state lawyer in two weeks to see about forming my LLC.

Post: Detroit Average Budget/Loan options

Maria LunaPosted
  • Rental Property Investor
  • Altamonte Springs, FL
  • Posts 185
  • Votes 97

@Angela Salvant

Hello there,

I’m doing something similar, I’m moving to Detroit in September for investing purposes. I’m open to partnership if the numbers make sense. Let’s connect and see if we can do something together.

Post: SMALL MULTIFAMILY OR SINGLE FAMILY?

Maria LunaPosted
  • Rental Property Investor
  • Altamonte Springs, FL
  • Posts 185
  • Votes 97

@William Harmon

Nice, Are you located in Detroit? I’m moving there in September.

Post: SMALL MULTIFAMILY OR SINGLE FAMILY?

Maria LunaPosted
  • Rental Property Investor
  • Altamonte Springs, FL
  • Posts 185
  • Votes 97

@William Harmon

Yes, if the numbers makes sense I totally would.

Post: SMALL MULTIFAMILY OR SINGLE FAMILY?

Maria LunaPosted
  • Rental Property Investor
  • Altamonte Springs, FL
  • Posts 185
  • Votes 97

@Abel Curiel

I’m actually moving to Detroit in two months, and i do want to manage my properties. My goal is volume for cash flow, so I feel like I can accomplish this faster with multi family. I appreciate the advice.

Post: SMALL MULTIFAMILY OR SINGLE FAMILY?

Maria LunaPosted
  • Rental Property Investor
  • Altamonte Springs, FL
  • Posts 185
  • Votes 97

Hello everyone!!

I’m in need of some advice from experienced multi family investors. I’m selling my personal residence and should be keeping about $90,000 after paying off my mortgage. I’m looking to invest this money the soonest possible, and I have about another 90,000 in savings. I have only bought SF in the past. I’m looking to get into multi family investing. What do you guys recommend, should I look for a two unit? Four unit the needs work? The market I’m looking to invest is Detroit. Thanks in advance.

Post: I bought my first rental for $4,000.

Maria LunaPosted
  • Rental Property Investor
  • Altamonte Springs, FL
  • Posts 185
  • Votes 97

@Kelsi Dockins

This is great girl, congratulations!! I live in Washington state and can’t find anything cheap here anymore. I’m gonna have to check out this website. If you don’t mind me asking, where in Washington is this property? I live in lacey.

Post: How to find a sponsoring broker in Detroit??

Maria LunaPosted
  • Rental Property Investor
  • Altamonte Springs, FL
  • Posts 185
  • Votes 97

Hello awesome people,

I’m not sure if this is the right place to post this question, but I figure I’ll try anyways.

I’m moving to Detroit in two months to invest in real state. I’m currently taking online classes to get my Michigan real state license. I don’t want to be a real state agent, I’m just doing it for my personal benefit. I know that you are supposed to have a broker sponsor you in order to apply for the license, How do I find a broker since I’m not looking for a job within their business? Thank you in advance for any information!

Post: Mortgages through an LLC

Maria LunaPosted
  • Rental Property Investor
  • Altamonte Springs, FL
  • Posts 185
  • Votes 97

@Jason D.

Who did you used for this transaction? I need something like that as I have cash but not a w-2 job