Here is a scenario that I'm contemplating and would like to know if is doable:There is a small multi family that is listed at say $200K.

I'm contemplating either putting in a mini split with 1 head rather than multiple or possibly just putting through the wall AC units in the living room/dining room areas where it would help the bedrooms out.  

If the cost of a mortgage goes from 4% to 6% or even 7%, the value of that property is going to go down TREMENDOUSLY.Using that amount of leverage (about 33:1) everything HAS to go according to plan for YEARS, or even DECADES.So many people are making the mistake of not contemplating the amount of leverage that is in play.  

If you are contemplating this type of mixed transaction, you should speak to your CPA to determine how much of the net sales price is considered the investment portion that you need to replace.

Just speaking out of frustration, but we are definitely ready for this business as we have contemplated for a few years about doing it.

As I tell everyone I talk to, don't get caught up in "analysis paralysis" over contemplating wanting to know every detail.

It's been a long time since I've seen a big enough spread to contemplate it.

You'd be surprised how many newbies ignore cap-ex hold backs, never contemplate paying for pest control after the termite inspection while in escrow, assume vacancy will be 5%, etc.

Hi all,My wife and I are contemplating our first real estate investment and are trying to decide if this deal is a good fit.About us: Late twenties, no children.

In this case, he already had a NJ LLC and was contemplating creating a Michigan LLC strictly to do business in Michigan.He could use the NJ LLC to do business in Michigan, if he applies for and is granted an authority to do business in Michigan with what would be the foreign NJ LLC.If he were to use a foreign NJ LLC in Michigan, and if he were to be sued, his entire assets in the foreign NJ LLC would be exposed not just the assets acquired by the NJ LLC while in Michigan.If he used a Michigan LLC instead, to do business in Michigan, and if he were to be sued or incurred a liability while doing business in Michigan, any assets in the NJ LLC is not exposed to the Michigan lawsuit only whatever assets the Michigan LLC owns.This should be the case unless you have strange transactions going on such as mingling the assets of the different LLCs, sharing bank accounts etc...either personally or between the LLCs.