All Forum Posts by: Robert Washington

Biggerpockets fam,

I want to create a series LLC to buy property in Reno NV. My intent is to buy one property in NV and more in a different state.

However, I'm curious if it would be better to just create a regular LLC or series LLC?

Thanks for any guidance or tips.

- Rob 

Biggerpockets family,

Good evening. I'm looking to form a series LLC to purchase property in Reno NV. That being said, will/can banks provide a business loan or will I have to go through the normal process of getting a mortgage?

Thanks for any guidance, I'm new to this and I'm hoping this question makes sense.

 Would love to connect Ben.

The $3K is from improvements on the house. With a VA loan you don't need to put any money down.

The plan is to 1031 for more rental properties or buy land within an hour from Denver and build a house.

I see you're a realtor in Denver. Let's stay connected, maybe we can do business in the future!

Amazing description! What forum were you apart of to find Ramon Jenkins?

 I did not and I wish I did. Lessons learned I suppose!

Good evening. Is there any plans for meet ups in the near future? Thanks!

Good evening. Is there another meet up happening in the near future?

Investment Info:

Single-family residence buy & hold investment.

Purchase price: $192,000
Cash invested: $10,000

My second property was purchased in the sunshine state! Bought this single family in a prime location in the San Jose area, centered in the heart of shopping centers. Added over $10K to the house to include new paint, flooring, A/C unit and etc...

Bought for $192K at 3.75% interest rate in 2017. Refinance the mortgage to 2.25%.

What made you interested in investing in this type of deal?

Interest rates were low so I figured why not buy more real estate.

How did you find this deal and how did you negotiate it?

I used a RE agent. Wasn't much negotiation.

How did you finance this deal?

VA loan 0% down.

How did you add value to the deal?

Added over $10K to the house to include new paint, flooring, A/C unit and etc...

What was the outcome?

I have a renter in the property