All Forum Posts by: Peter Barrow Jr

Hello everyone. Please forgive me if the terms and use of them are not accurate as I am still learning. With that said, I may be looking too far ahead but I like to plan as much as possible so that I can avoid slowing down or preventing a process in the future. While I understand that I cannot account for every scenario, I like the comfort of knowing I did everything I could up until that particular point. To start, I am looking to structure my investing by creating an Revocable living trust with an LLC or multiple LLC's within it where appropriate. I've found that a CPA that focuses in real estate would be the best to consult with concerning this. I am unsure if I should begin this process first or purchase my first multi-family first. What would be the advantages/disadvantages of starting with/without structuring? Thank you.

@Scott E. Thank you for the reply. That totally makes sense.

Thanks Brandon. I know what I must do now then. It's great to have the insight of a community for these types of questions. Makes me feel more confident in my decisions. Greatly appreciated!

@Nathan I figured that was the case. @Elliot That is a good point. A complete rebuild would make assessing the value easier. Although I'm unsure if I will have that scenario, it's still good to know. Thank you both for your insight.

Thank you Jason and Erik. That totally makes sense to me. I just wanted to make sure I wasn't missing a step in the process. My assumption of the approval being general was accurate then. Thanks again for your time and insight. Greatly appreciated.

Hello. I've heard that getting a pre-approval before shopping for a small multi-family will is the recommended way to let the agent know you're serious and preferred if dealing with a BRRR. However, how do I get a pre-approval for one property when I will be looking at many properties? Wod I be able to use the same pre-approval as a basis for any property I'm looking at that has similar criteria? Can't wait to hear from someone on this. Thank you.

Hello everyone. This has been bugging me for quite some time now. I am currently a home owner and have wondered how this worked every since. So here goes. If a kitchen remodel is done for 40K, how is that translated into the homes value? Does the value theoretically go up 40K, or is the valid determined another way? Thank you for your time and advice in advance. PS: This is my first post.