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All Forum Posts by: Tina Felix

Tina Felix has started 3 posts and replied 6 times.

Quote from @Dawn Curry:
I own my properties under an LLC but sign my name as the landlord since I’m under the LLC. From my understanding, all my personal properties are not tied in this investment since it is owned by an LLC, not my personal name. Anybody correct me if I am wrong please!

So then in this situation, if the landlord were to also be the property manager and wanted to be known by the tenant only as such, would it then make sense to sign the LLC as the landlord? I was under the impression that it is best for tenants to not know that their property manager is the landlord so they appear to represent both parties.

I'm still pretty green here, I have one investment property in Texas that I was able to afford via house hacking, but now that my growing family needed to move into something bigger, it's time to get another investment property. I don't have much money to put down in cash, so I was hoping to take out some kind of HELOC on my investment property. Is this something that I can do? Any help is appreciated. Thank you.

@Shawn Krieger ... What's paid out by the leasing agent for the lead. Apartment locators get paid typically the first month's rent from what I know, and the broker takes a percentage cut of it

@Shawn Krieger I'm hoping for more than 50% towards my commission. I'm a beginner so I'm hoping that's being realistic.

I'm studying to obtain my license so that I can get into apartment locating. I am a SAHM and am not able to leave my kids with anyone so I'll be 100% remote. Are there any brokers who sponsor apartment locators 100% remotely who would be interested in sponsoring me when I'm ready? I currently live in the suburbs of Philadelphia so, while DELCO would be my preferred area, I would enjoy working anywhere remotely.

Thank you and I look forward to hearing from you!

Post: House Hacking -- what did we do wrong?

Tina FelixPosted
  • Posts 6
  • Votes 1

Hi guys.

So we've done the house hacking thing (bought a duplex for our first house and lived in one side while renting out the other) and now trying to purchase our second property isn't going as we imagined. Our first property is in San Antonio and our second property will be in the suburbs of Philadelphia to be closer to my parents but we're finding it difficult to get approved for a loan for the second house because our DTI isn't good (thanks to the monthly mortgage payment of the first house with a two-year average of rental income from only one side instead of both).

I want to know if we are the only ones who have run into this problem. Also, ideas on how to deal with it as best as possible.

Thank you!!