All Forum Posts by: Shadoe Daniels

Filed my LLC, making an offer on a property. Besides insurance for the property, what does everyone use for a general operating insurance for your LLC?

Depending on the situation, HELOC may be a better option. The nice part of about the HELOC is that you only pay interest, and thats simple interest, on what you use. Also, once its paid back you still can use it again. A Cash out refi is only a one and done, + compound interest.

@Shai Flax currently looking into this avenue as well. I’m currently a medical professional, and have therapists in my family. I am looking in the Columbia county area Bloomsburg. Interested to see your story, and what happened with your idea. 

Hi Rebekah!

Brand new newbie here myself. I can relate completely to you fear you are having. I've always dreamed of owning real estate, and generating the long term wealth were I am not reliant on the boss man. Again! I am at the turning point where my monies are ready. I think the best way I deal with the "Paralysis" is just education. Some people may say this is counter intuitive, but I find comfort in understanding. The paralysis may be coming from the unknown. When you feel you have a grasp on what you need to do it should come easier. 

I myself, have realized that wait a second, I have the money, I am able to use this HELOC, and then just make a cash offer, HELOC again, Fix, and repeat. I am looking at several Multifamily's. So, I am awaiting a bit of paperwork, and I will be jumping head first in multiple times this year.

I Love the Real Estate Rookie PodCast, I've read a few books, Love rich dad poor dad, Read "Listened" to it three times already. I listen to a few other podcasts not even affiliated with Bigger pockets. I watch the youtube videos, and listen to the bigger pocket guys. I'm reading their start up guy. I follow @amanda_han_cpa on instagram. All of these people are here to help us because yes they make money, but 2 they love to see success. I hope my pep talk helped. Feel free to reach out to me! Oh, and I've found local facebook groups for local investors is great way to meet people in your area. We have a local monthly meet up this Wednesday! 

I would love to join the Facebook group! Unfortunately, I keep being denied entry into the Rookie Podcast group, and the Bigger Pockets group. I'm a medical professional, and because of working in a small rural community. I had to leave facebook. Now that I am starting the real estate journey I have made a burner Facebook, thats private. So, admins keep denying me. 

Awesome! Thank you for this info

Probably a stupid questions, but When it gives you the estimated Rent for the property. Is this per unit if it is listed as a multi unit property or is this an estimated total combined for the property a month?