All Forum Posts by: Misael Carlos Vera

@Dillon Dale Wow. This entire time I was under the impression that you needed an LLC to perform a lot of tax advantages. I think I need to do more research on the legal and tax side of real estate.

Thank you so much for your insight!

Does anyone buy properties without an LLC?

Hey everyone,

I just wanted to know what everyone's buying criterion is.

Personally, I'm aiming for a multifamily home under 200k in Adams, Cumberland, and Franklin county, PA. Each unit must cash flow $200/month and the neighborhood was be C class and better.

What's yours!

Leave them in the comments.

@Ujwal Velagapudi this is a great response! I'll definitely take note.

Just like the title says. How close is section 8's FMR to standard market rent? Can I use it as a baseline for how much I rent out property?

Also, how do you guys determine market rent?

Thank you for your help!

@Wesley Davis Thank you!

Thank you for the advice!

I'm a real estate investor looking for my first buy and hold property. I just graduated college and am working my full time job. I am aggressively saving to meet the 20-25% down + closing fees + rehab. All in all, I'm saving for at least 30k. But I'm seeing that it will take me over a year to reach that goal.

Is there any way I can expedite this saving process or even get my first property without much cash in? I know about subject 2 and seller financing but are there more ways?

Thank you everyone for the community support!

P.s. house hacking isn't an option bc I live in New York and a 3.5% down payment + closing costs is around 40k in New York. Furthermore, my job may relocate me within the year.

@Jaime Hernandez graduated as an engineer and it got me a job that helps me save up to my first rental property. Good way to lower risk!

I'm on episode 60 something so I'll be coming onto your episode! Can't wait to watch your episode considering the sheer volume of your experience!