All Forum Posts by: Zacher Bayonne

Thanks, Melissa! I appreciate your response. Thanks for shedding light on this for me!

Hi all,

I am a new investor who is interested in buying a duplex in Baltimore, MD. Soon after making the purchase, I would like to refinance and pull my capital out to continue investing. For those who have done this, how has refinancing affected your credit? Will doing this method decrease my chances of securing more financing from community banks for future endeavors?

Thanks, all! I am in the process of starting up, so there isn't anything in my company yet (being that said "company" doesn't yet exist). I planned on having it viewed as an S-Corp once I hit a certain amount of revenue ($40K-$50K). Therefore, I was unsure of how one in this situation would fare in MD vs. DE. Thanks for the input, everyone.

Naveen Kumar , thank you for the advice. I was considering doing that; however, I learned that Delaware has a more favorable tax structure than Maryland does. I'm doing a cost-benefit analysis to determine if it is actually worth my while (as a single-member LLC) after the franchise fees, etc.

Thank you very much for the advice! I will be calling LegalZoom today. Hopefully, they point me in the right direction!

Hi everyone, 

I live in Maryland, but want to set up my LLC in Delaware. Has anyone ever done this? If so, has it been worth it? For some perspective, I live about an hour from the border of Delaware.

@John Mathewson, Great. I look forward to connecting and getting to know more about your real estate investing background. 

John Mathewson Hey John, Thanks for connecting! I appreciate the advice and will follow suit. I'd love to talk about your journey and how you got to where you are.

Hi all, I am new to real estate investing and would love to connect with someone to learn more about investing. I am looking to start with land (as it may be the cheapest and quickest way to start). If anyone is interested, please let me know. I live in the D.C. Area and look forward to connecting!