All Forum Posts by: Tom Chen

@Clayton Plank,

Thank you for your reply. 

So with that said, I'll need to look for property as if I'm flipping...

If I'm looking in the Syracuse market, which is 4 hours away, would you as a beginner, work with an agent who is also an investor?  Or would you try to drum up you right own leads and/or contact people straight from sites like realtor.com or zillow, etc.?

@Account Closed,

Thank you so much for starting this thread. 

I was wondering if you have any experience in Homestyle loans. Are they hard to qualify for, isthere a lot of paperwork involved, is it worth it?

Thanks in advance!

@Sebastian Villa,

Perfect!

Philip Zaengle , thank you!

I don't even have my first property yet, but I've been listening to a lot of podcasts. Ultimately, you should consult your attorney for this advice... That said, I've heard that for buy and hold properties, you should be fine without an LLC because to get sued, there has to be proof of negligence or something. Even if they have a case, your insurance should have $1 million coverage. However, for flips, I've heard that you SHOULD get an LLC to protect yourself. Personally, I believe I'll be acquiring properties under my own name, then when I need to investigate portfolio loans, I'll throw them all under an LLC.

Sebastian Villa , Thanks for posting this thread! I'm making my way up to Syracuse this weekend and was gonna see if there were any agents I could hit up. If you're around, would you be interested in grabbing some coffee or lunch?

Any Syracuse agents here by any chance? Looking to make a trip up there soon.

Engelo Rumora thank you for a great talk last night! I appreciate your raw honesty and since I'm ex-Navy and a NYer, all the cussing didn't phase me a bit. LOL Darren Sager thank you for putting together a great meetup! Looking forward to the next one and hopefully will have a deal under my belt.

Just out of curiosity, are there any agents or investors in the Syracuse market that will be around on January 14th & 15th? I'm hoping to buy someone lunch or dinner and hopefully get a bit of a tour?

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