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5 August 2024 | 5 replies
Sorry for the additional questions, it will help to understand where you intend to focus the investments to determine what kind of team should be in place.
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4 August 2024 | 5 replies
If a legal issue arises with Property 1, only that property’s assets would be at risk, protecting the equity in Property 2 and any other properties you may own.Asset Isolation: Isolating each property in its own LLC helps protect your assets from creditors or lawsuits targeting a specific property, thereby providing a more robust legal shield.Financial Management and Bookkeeping:Regarding your concern about financial management and the practicality of handling multiple LLCs:Centralized Banking: Using a holding company’s business account and credit card can simplify your bookkeeping.
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5 August 2024 | 2 replies
Similar with a SFH: I can at least get in the market with a 5% conventional loan not expecting cash flow but hoping appreciation will help me out in the next 2+ years and I will at least be able to put up the remainder of the expenses since I do live with my parents.I am young so I could be overthinking, but my end goal is to have a portfolio where I can cash flow enough within the next 5-15 years to let go of my job (5k clean a month).
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6 August 2024 | 15 replies
The reason being is they can quote you a low rate (too good to be true usually) and then half way through the process or even worst at closing the rate is subject to what it is that day and then they excuse themselves because the borrower never asked for a rate lock or were never aware of what a rate lock is.If you have any more questions I am happy to help.
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5 August 2024 | 16 replies
TIA.It may be more helpful to throw out a scenario like:Purchase Price: 500K20% down740 credit score6 months reserves 1:1 ratioQuote with and without a prepayment penalty and how long the prepayment penalty is.
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3 August 2024 | 6 replies
Please let me know if you are open for some discussions and I hope to prove myself to be of great help in your journey as well.
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5 August 2024 | 3 replies
Holla if you need help fleshing out your dream.
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6 August 2024 | 9 replies
If you can manage a house-hack closer to home that helps you build equity and net worth, while demanding a minimal down payment, I personally think that’s a better option.
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4 August 2024 | 8 replies
In the same boat here as I’m about to close on a home on Friday and would love some recommendations for someone to help me with this as well!
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4 August 2024 | 7 replies
@River Sava may be able to help you as well for financing options.