All Forum Posts by: Account Closed

I bought a duplex in 2016 and sold in 2021, I used most of the profit to pay off some credit card debt which drastically helped my credit score-but now I really regret selling. I still have some of the profit (60k) and have been trying to purchase another investment property with no luck. Ideally I’d like to be an active investor,I’m in Massachusetts for reference and have been looking for a vacation type home to buy and rent out to offset some of the cost. Any suggestions would be greatly appreciated!

Hello!

I bought a 2 family in 2016 and lived in one of the units until last year when my husband and I bought a single family. I have been renting both units and I am trying to determine the best path forward for my future goals of owning more multi family's. The 2 family is still owned solely by me, and not in a LLC which makes me very uneasy. With the market being so high right now I am thinking of selling the unit and using any profits as a down payment for a 3 family, that I would purchase under an LLC. A possible second option I am trying to investigate is to open an LLC and somehow transfer ownership of the 2 family from my myself to the LLC so I would be able to keep the unit. Any help or recommendations would be greatly appreciated!

thank you, 

Tiffany