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24 April 2019 | 1 reply
I typically just break even every year as the main investment strategy with these properties is to pay down the mortgage aggressively to eventually get to full cash flow potential.The questions I have are:1) Should I even continue to run the income and expenses through the LLC in general.2) Should I hold title on those properties in a different manner than personally and can I do a change without having to refinance?
24 August 2019 | 14 replies
Really the best way is to just use financing that allows for LLC which is probably a commercial loan, cash also works.If you have a residential loan (30 year fixed for example), then probably just leave it in your name Not necessarily.My Title policies state; “The coverage of this policy shall continue in force as of Date of Policy in favor of an Insured after acquisition of the Title by an Insured or after conveyance by an Insured, but only so long as the Insured retains an estate or interest in the Land, or holds an obligation secured by a purchase money Mortgage given by a purchaser from the Insured, or only so long as the Insured shall have liability by reason of warranties in any transfer or conveyance of the Title.”
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24 April 2019 | 5 replies
I would continue to educate yourself (this is the most important step at any age) by listening to the podcasts, reading the BP forums, books, etc.
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26 April 2019 | 5 replies
I've also been a volunteer firefighter for 18 years and am an instructor for our fire academy.
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4 July 2019 | 7 replies
To continue this logic, if your tenant doesn't pay taxes or HOA, you get a lien or foreclosure...
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27 April 2019 | 24 replies
I immediately checked it and it did not open the door, which is what I was expecting, so I took her key, made a copy and brought it right back to her, then continued the inspection.
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25 April 2019 | 8 replies
Duplexes are just over twice what a single family is.Should I heed her advice and change my focus to a duplex or should I continue with the SFH just to get my feet under me?
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2 May 2019 | 27 replies
I thought Brandon actually made a great point, aimed at those people who are continually saying, "there is no deals".
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27 April 2019 | 80 replies
Helped me get started and continues to be a resource for me.
26 May 2019 | 9 replies
I'd like to establish a good team in the Phoenix Valley and hopefully continue investing in small multi family properties.