All Forum Posts by: Account Closed

Hello @Adam Schooley, my wife and I have been looking for a multifamily for a few months now and prices are a little high. There are deals out there depending on the area but you have to be patient, think outside of the box, change strategies, etc., in order to make the numbers work. We have place over twenty offers within the last three months and we actually have one that we're negotiating on right now so again, be patient ;)

My wife is a Realtor so let us know if we can be of any help.

By the way, house hacking is the way to go when starting (I think...)

Hello @Jameson Mercier, welcome!! 

I'm also in Ft Lauderdale, let me know if I can be of any help or maybe we can do something together one day.. Good luck!

Hey @Linda Cooper, late but sure haha. Look up Wendy Patton (I think it is..) she has pretty good info ;)

Welcome @Elisheba Kihara!!! All the luck for you!!

Hi @Shelby Pracht, I'd consult a CPA to be sure..

Hi @Claudia Bonaudo, I'm pretty new on this too so please don't take what I say for granted..

I think it depends on what kind of loan you're going to get. If you're planning on getting an FHA, you'll have to put it on your name, as far as I know, is for first time buyers so a Corporation wouldn't qualify.

A Corporation is a good way to cover yourself against any issue you may have wit your tenants (e.g. lawsuit..).

Also, it depends on how deep you want to get with REI.

Hope this helps a little,

Good luck!

Nope, not working..

Hey @Martin Mcbride, Idk too much about refinance but based on the numbers you provide it looks that that's the way to go. Another option, if you don't want to be dealing with tenants anymore could be leasing option; basically you rent it out under a contract for a few years (2-5) to somebody who would eventually want to buy it at te end of that lease.. You get a few thousand dollars as a money consideration at the beginning and they take care of the property. Something to consider..

I hope this help.

Good luck!

Hello @Lukas, Im fairly new at this but this is how "I" see it. Both have risks but the most you learn on that specifically area the most you minimize that risk. Basically, by flipping you get short time gain while buying and holding you can create long time gain and a more stable wealth.

Yes Sr.! excellent advice @Lamar Cannon Let's take this 2016 with all we have!! Happy new year guys!!