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All Forum Posts by: Matty Bee

Matty Bee has started 3 posts and replied 11 times.

I would have done it at year 5.

Post: NY Out of State REI Meeting

Matty BeePosted
  • Rego Park, NY
  • Posts 11
  • Votes 6
Originally posted by @Steve Kontos:

@Donal Murphy

We are finalizing the date tonight.  Would you be able to send me your email so we can update you once we have it?

Hey Steve, 

Can you send me info on this meeting at [email protected]

Thanks

Post: I hate this website.

Matty BeePosted
  • Rego Park, NY
  • Posts 11
  • Votes 6

This posts peeked my interest as I feel I'm in the exact same boat. It's very easy to get excited like other have mentioned with all the info and knowledge you can research and hearing success stories. My "why" is to get financial freedom for my future family and I see the value in REI. I find it very easy to talk myself out of a property and get scared or nervous but one thing that resonated with me is everyone said you need to just JUMP IN and own your first property. So that's what I'm doing and I'm very determined and I keep telling myself the following positives: loan pay down, appreciation, future rental increases, tax benefits and all of this from someone else paying off your mortgage.

Thanks

Post: Question regarding 3bedroom 1 bath

Matty BeePosted
  • Rego Park, NY
  • Posts 11
  • Votes 6

Hey BP,

I'm looking into a 3 bedroom 1 bathroom house in Indianapolis. I was wondering if you think a house like that in that market would be easy or more difficult to rent?

Thanks

I'll reach out to them.

Thanks!

Thanks

Hey BP,

I need a very good home inspector in the Orlando area. Does anyone know one or a few?

Thanks in advance

Post: Bank account question

Matty BeePosted
  • Rego Park, NY
  • Posts 11
  • Votes 6

Good to know thanks.

Post: Bank account question

Matty BeePosted
  • Rego Park, NY
  • Posts 11
  • Votes 6

Or should I create a separate personal checking account under my current bank and use that? 

Post: Bank account question

Matty BeePosted
  • Rego Park, NY
  • Posts 11
  • Votes 6

Hello, 

I'm about to close on my first rental property. I'm going the traditional 30 year lender mortgage on my personal name I'm not sure if they have a due on sale clause but lets assume they do and I can't move this into an LLC yet. Should I use my personal checking since the title and mortgage is under my personal name? Or should I open a business checking account even though I don't have a business entity yet?

Thanks