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All Forum Posts by: Matthew Schmitz

Matthew Schmitz has started 2 posts and replied 6 times.

Post: Do you have to own a property free and clear to put it in a LLC?

Matthew Schmitz
Posted
  • New to Real Estate
  • Lyons, OH
  • Posts 6
  • Votes 0

Thanks guys for the informative answers! Love BP

Post: Do you have to own a property free and clear to put it in a LLC?

Matthew Schmitz
Posted
  • New to Real Estate
  • Lyons, OH
  • Posts 6
  • Votes 0

Hi everyone, my question is can I have a mortgage on a property and transfer it into a LLC, or does it need to be paid off first, and also I have been told banks wont lend to a LLC if you try to buy a single family home investment property?

Thanks!

Post: Real Estate Investing Niche

Matthew Schmitz
Posted
  • New to Real Estate
  • Lyons, OH
  • Posts 6
  • Votes 0

Thanks for all the useful information!!

Post: Real Estate Investing Niche

Matthew Schmitz
Posted
  • New to Real Estate
  • Lyons, OH
  • Posts 6
  • Votes 0
Thanks. Been trying to read as much as I can when I can

Post: Using credit cards to fund the purchase of rental properties

Matthew Schmitz
Posted
  • New to Real Estate
  • Lyons, OH
  • Posts 6
  • Votes 0

MI talks about Fund and Grow that has to do with using business credit cards to be able to purchase real estate. They say that they can get u up to 250k 0% interest for a year. Of course for them to do this it cost 3000-3500$ and they handle everything and you will eventually receive CC in the mail with available credit on them to use them how ever you want. There is a 30 min YouTube video that explains most of it. I personally have not used it but did look into it some  

Post: Real Estate Investing Niche

Matthew Schmitz
Posted
  • New to Real Estate
  • Lyons, OH
  • Posts 6
  • Votes 0

Was wondering how do I determine the best niche in real estate investing for my area, for example, single family? multi family? whole sale? fix and flip? apartments? mobile homes?

Im sure there are deals in all of those areas, but how do i determine the strategy for picking the one that makes sense where i live? (Northwest OH, Southeast MI)

Thankyou!