All Forum Posts by: Mario Bellavia

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@Giannina Biala I love Airbnb.  I've put my search on hold.  I'm going to focus on buying a better primary residence or cheap rental locally.  

I would call her bluff, call the therapist and confirm the letter is legit, you have every right to @Laurence V.

Congrats @Scott Trench has definitely changed my perspective on income and investments.  Well deserved!  

Anyone familiar with 22 Glenbrook Road condominiums in Stamford? 

@Edward Schenkel Great info. I just finished completing my taxes and my CPA highly recommended putting my investment (currently only one), into an LLC. Do you also provide this service?

Thank you @Edward B. and @Robert Carraway you've both been a big help.  

@Robert Carraway I imagine a bank loan would negatively affect my ability to qualify for a larger mortgage down the road. A HELOC is easier to setup then a bank loan also, no? If I had the note registered to an LLC I assumed it would take the financial focus off me and my ability to qualify for a forever home.

@Robert Carraway Thanks. 

Shopping banks Monday to ask around and do my HW.

I don’t have enough funds to finance the investment upfront. Connecticut unfortunately is a very expensive market, specifically where I am, however the returns are still decent.

@Edward B. Thanks for your feedback. 

My question is, if I create an LLC with the sole purpose of it being for the investment purchased by the HELOC, can I take a loan out under the LLC to pay back the HELOC, thus allowing me to sell my condo and use the funds for a house.