All Forum Posts by: J Zev J.

I recommend reaching out to some local realtors. They'll know if what you're looking for is realistic - and if it is - they can help move you forward to buying. 

It's possible the lenders for your primary will look at all entities you own 100% of, regardless if they're taxed as an S-corp or C-corp (and obviously if it's disregarded on your personal return). You might want to reach out to some lenders in your area (or mortgage brokers) to discuss your plans so you know ahead of time what they'll be looking at. 

I concur that Solera National Bank is great to work with. 

Great job on your first brrrr!

Great job! Good lessened learned on using the tools that are available to justify your asking price. 

Welcome to BiggerPockets! You've come to the right place as a commercial broker. 

I personally think the property manager is the most important part of your team, especially for out of state investing. Normally, they're also realtors and have good connections to contractors. So I would focus questions on how experienced they are working with out of state investors and try to get some 3rd party feedback on them as a pm company.

I don't think you want to make the transition to REI until you already have substantial income from REI. Normally you want to de-risk as you get older and not take on more risk. Maybe you can get your kids involved to help you start in REI and then expand from there.

I think househacking and becoming a realtor are the best ways to get started. Hopefully others will chime in. 

I personally think househacking is good way to start if the numbers make sense. You'll have more control over your personal finance situation and easier control over the property. You can always expand to out of state from there.