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All Forum Posts by: Ty Martin

Ty Martin has started 22 posts and replied 71 times.

Post: Forming an LLC before I begin?

Ty MartinPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 75
  • Votes 35

@Christopher Phillips thanks for the response Christopher!  I have to stay patient and realize that I'm starting small before jumping into something like that it seems.

Post: Forming an LLC before I begin?

Ty MartinPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 75
  • Votes 35

@Matt Horwitz I'm glad to see you are all on the same page.  Seems like for now I should definitely hold off.

Post: Forming an LLC before I begin?

Ty MartinPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 75
  • Votes 35

I appreciate it @Jason G. !  I'll be sure to look back into this as I get more experience.

Post: Forming an LLC before I begin?

Ty MartinPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 75
  • Votes 35

I appreciate the help @Jason G. - should I wait until I am looking into my second property and then reconsider it?

Post: Forming an LLC before I begin?

Ty MartinPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 75
  • Votes 35

Hi BP family!  I am just starting out and put my first offer in on a condo that needs minimal to moderate rehab in my hometown of Marlton, NJ.  I am planning on house-hacking it for about a year before hopefully moving on and renting it out completely.  It is a 2 bedroom / 2 full bathroom condo.

Anyway, considering I am new to this, I was wondering if forming an LLC would be necessary or recommended before I dive into real estate investing, both from a tax and liability standpoint.

Hoping to hear the pros and cons to an LLC, S-Corp, or an umbrella policy, along with any other suggestions you may have. Thanks all!

Post: Newbie from South Jersey- Specifically Marlton / Cherry Hill Area

Ty MartinPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 75
  • Votes 35

Hi @Lauren C. - Thank you for reaching out! I appreciate that.  Just looked, Realtor is really easy to use!  

Definitely interested in the blog- please shoot it over, thank you!

I'll be in touch soon with any local SJ questions I have 

Post: Newbie from South Jersey- Specifically Marlton / Cherry Hill Area

Ty MartinPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 75
  • Votes 35

Thank you @Christopher Giannino - I'll be sure to reach out with any more questions!  I appreciate the help

Post: Newbie from South Jersey- Specifically Marlton / Cherry Hill Area

Ty MartinPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 75
  • Votes 35

Thanks @Ronny Tiburcio - I appreciate the insight.  Finding deals is definitely something that takes practice.  Luckily, although I'm ready to get started, I am fine with being patient (as is sounds you are) for the right deal to present itself.  I am also working with a realtor

Post: Newbie from South Jersey- Specifically Marlton / Cherry Hill Area

Ty MartinPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 75
  • Votes 35

Thanks a lot @Christopher Giannino - is there a specific way to search for them?  I have tried through Zillow with very limited results.  Is it the fact that they are hard to come by or that I'm not looking in the right place?

Post: Newbie from South Jersey- Specifically Marlton / Cherry Hill Area

Ty MartinPosted
  • Real Estate Agent
  • Philadelphia, PA
  • Posts 75
  • Votes 35

@Christopher Giannino  

Thanks Christopher!  I am most interesting in finding buy & hold / "house hacking" opportunities.  I especially would like to look into new construction