All Forum Posts by: Rohit Nadgauda

@Erica Jong

I'm also looking for a CPA in the Atlanta area at this time. Would you mind if I sent you a DM to discuss how you settled on your final choice?

You can also send me a DM if you prefer.

Thanks!

Thanks @David M.,

I understand what you're saying. Btw, the LLC would be in Ga, and I think the rates are $50, so that's much better lol.

I have another property, but my rate on that one is <3% so no way i would cash out. Is an hloc the same as a heloc? in that case i've seen high rates for that too.

Thanks @Nicholas L.,

I get you. For now, since it's my first investment property, I don't want to get into BRRR. I may consider it for my next property, though.

I may also consider house hacking. The closest I've gotten is renting out my other room in my primary residence.

Thanks for you input, guys. It seems like I don't have many options lending-wise. Will continue to be on the lookout.

 Thanks for the quick comment!

Yep, if I create an LLC, I would keep everything in it. I wouldn't have anything in my name. I'm not sure if there's any point to keeping anything in my name anyway, since I'll be getting all the revenue anyway but can keep the liability bound to the LLC for the most part.

When I say 0% down, I mean with potentially 2 loans. A couple lenders have said this may be feasible with them, but only problem at that point is that the rates seem to shoot up and I'd be in a negative cash flow.

That's why I was wondering if I'm missing something fundamental here and there are some other methods of lending that I'm not aware of.

Hello,

I've just recently gotten into real estate investing. I basically started researching in the past month or so. I'm currently trying to get pre-approval for my first investment property near Atlanta, Ga.

The property is fairly cheap and it will be rent-ready when I buy it. I'm considering forming an LLC this week.

Unfortunately after talking to many lenders, I've realized I don't actually have a clear idea on what kind of lending strategy I want to go for.

I want to get as close as possible to a 0% down with a good cash flow (who doesn't? haha). So I'm considering a commercial/conventional/DSCR loans with options for HELOC, home equity, interest-only, and 40-year programs.

It seems difficult to find good options that get me what I would like, which may be understandable.

Is there any advice anyone can give here? Are there options I'm not aware of? Am I just talking to the wrong lenders? Should I suck it up and use my own capital for my first couple investment properties?

Ideally, I wanted to save my own capital for if I need it for bigger properties in the future, but not sure if that is a sound idea either.