All Forum Posts by: Paul Whitford

All,

Long term follower of BP and gearing up to get my feet wet with my first rental property.

Equity will most likely come from my parents and I (not a proportionate split). Would it make sense to structure this through a LLC for more protection and flexibility with moving money between us all? What are the tax benefits at a high level?

I'm inclined to do the first property without a LLC for more favorable lending terms (30 year loan vs 5-7 year loan with a LLC). Is that short sighted if I plan to grow my rental portfolio long term?

Open to any advice and hope all are well! Thank you!

All,

New to the forum, but long term lurker and avid listener of the podcast.

I currently work in Commercial Real Estate banking in the DC area. I’m torn between whether I should pursue my masters degree in real estate to help shape my development and build a strong network in the industry or start investing in rental properties.

The cost of the masters would be about $30-40k.

I've found 3 markets outside of my own where I could use that $30-40k to invest in a single family rental property for a 7% cash on cash return & 14%+ IRR's. I'm familiar with these markets, have great contacts there, and would have no problem traveling to them on a regular basis.

Looking for opinions on whether at this point in my life (mid 20’s), if the investment in higher education would outweigh the benefits of getting an early start in RE investing on my own.

Thanks

P