All Forum Posts by: Joel Matos

Hello Everyone, 

Fairly new investor looking to invest in markets that are more affordable than San Diego, CA where I'm currently located. Own a duplex in Massachusetts but am looking to invest elsewhere. Is anyone familiar with Cincinnati, Ohio. Prices look much more reasonable but I'm not familiar with the area. Based on the research I've done it's a growing market with a lot of upside potential. Would love any info as to locations in Cincinnati that are worth the investment or just connecting with anyone that may know others that invest in that area.  

Thanks everyone for all your comments I found them very useful. I began researching the costs in MA and the annual filing fees are $500. I have yet to see what liability insurance would cost me but does anyone know what would be covered under a general liability insurance policy ?

Kyle,
To my knowledge, FHA guidelines state that they would lend up to a four unit multi fam. Ive helped many clients get FHA loans for multi fam units that were above 2 units but no more than four. Also most of these clients had to come with 3.5% down in order to qualify for the loan. I think that guidelines might change from state to state but I think it's would be worth while to shop around. Go into a bank and ask if they do FHA loans most smaller banks will. Good luck!

Hello BP world! I'm a newbie to real estate investing but not to investing in general. A little about myself, I'm a finance major and currently working for a bank as an investment associate/financial specialist. I bought my first investment property last year and am trying
To reap all its benefits including, but not limited to, depreciation of the property, rental income, tax deductions, etc,. What do most of you seasoned "buy and holders" believe is best in order to reap the most out of my rental property? an LLC or just keeping the property under my own name? Any advise/comments would be appreciated!