All Forum Posts by: Tara Kinney

Hi, my name is Tara Kinney.

I live and work in the quad cities area as a professional in the medical industry.  I began investing in real estate about 5 years ago simply by putting renters in my old home instead of selling.  I quickly saw the potential and 2 years ago bought my first rehab and rent property.  

At this point I own two single family homes which I am looking to sell in order to cash out on the equity and start getting into multi-family homes.  I will have $40-$60K in equity when these homes sell so will be looking at one larger property or two or three smaller properties. 

I found that the rehabbing projects aren't for me unless the price really justifies the return... I'd rather get right into multi-family units that are already being rented out...so anyone looking to upgrade into larger projects and wanting to sell their cheaper units, please contact me.  I'm looking at doing a 1031 exchange if that makes any difference to you.  Loan financing should not be a problem as I have a stellar credit rating, stable career and very low income to debt ratio. 

Looking forward to meeting and networking with all you savvy investors in the Quad City Area. :)

I currently own two single family homes which I rent out.  They are both in my personal name.  My "real" job involves a high chance of litigation sometime in my career and I want to shield my rental properties from this.  (All I currently have is an umbrella policy for protection). 

I am currently planning on selling my single family homes to take out the equity and start buying multi-family homes.    

My question is, what is the best type of business to put my properties into and how do I go about transferring the titles over to the new "business".  Should I put my single family homes in there now, or just wait until I purchase the multi-family homes?