All Forum Posts by: Suinda Machuca

Thanks for the input everyone! 

Hello, 

I am in contract for my first Buy and Hold property. Yay!! 

The home is an up and down 2 family home. Each unit has 3 bedrooms 1 bath. There is limited closet space and each room is quite small, maybe 10x11 in size. 

I plan to "house hack", live in 1 unit and rent the other. However I'm torn, should I combine 2 bedrooms to make a large master bathroom with a large closet in the rental unit? Or will I get the bigger bang for my buck by keeping 3 small bedrooms with little closet space? 

I've read that eliminating a bedroom reduces the value of the home because you are removing living space, but I do not want to sell this home. 

Thoughts? 

Absolutely impressive! Congratulations on your success!

Hi Mardochee, 

I'm new here but it sounds like, based on the fact that you are looking for a partner, that maybe you'll have better responses if you posted in the Marketplace. Just a suggestion based on what I've been reading. Good luck to you! 

Well I found some great answers right here: http://www.biggerpockets.com/forums/12/topics/1285...

That was easy =)

Hello there! 

I'm learning and researching all that I can about bigger pockets right now in hopes of "Getting it right the first time." I was wondering how it works to buy property as a company (LLC) vs. just buying it yourself as yourself. I've read some posts where individuals aren't the owner of a property, the company they own is. How does that work? Specifically, how does a company qualify for a loan? Does your LLC have to have a "credit history" in order to qualify or just enough money down?