All Forum Posts by: Teo W.

Thanks everyone!

Buy a rental property basically for the long-term.

What's the market like in the 78744 area?

If the mortgage for my rental is still under my name - should I have all my lease agreements and rental payments addressed to a separate company/llc?

Anyone or maybe this question is too broad?

I'm trying to understand the pros and cons of portfolio lending - can someone who has used portfolio lending share their experience and use cases?

Apart from using a heloc - do I have any other options?  

Just my two cents:

- What types of tenants do you want to deal with and what area of property do you want to get into (low, mid, high)?

- Single family home or multi-home?

I plan on getting my first rental property soon and was wondering if my strategy on getting subsequent rental properties would work:

- Get first rental property, prep, rent out

- After a year or so depending on how things pan out with first rental property get a heloc on first rental and use it towards second then repeat first step...etc..etc

Am I on the right track?

Toua,

I have a friend who created a LLC for each of her properties and her take on it was she wanted the ability to limit liability/damage that could impact her assets/business if she ever got taken to court.

I'm new to this myself and plan on taking this approach.