All Forum Posts by: Will Mobley

My business partner and I are just getting into real estate investing and have some attractive target properties we are looking at. We'd like the protection an LLC provides but know that financial institutions are unlikely lend to a LLC. What are some other methods to obtain the funding but also keep the property in the partnership's name?

So I’ve been reading ”How to invest in real estate” and just finished the section on the ‘1% rule or the 2% test’

I was looking at a potential 3 BR/ 3 BA unit in a college town that is rented through July 2022 at $1,425/month and renewed at $1,500/month through July 2023

Listed at $212,900

After 20% down, estimated total monthly costs (mortgage, property tax, insurance, HOA) are $1,212

So even though the $1,425 doesn’t equal 1% of the asking price but is greater than expected monthly costs is it still a bad deal?

sorry for sounding clueless just new to this and trying to learn!!