Looking on advice on buying 3 condos in a recently converted 3 family...They are all bank owned and on the market...Im going to put an offer in on the lowest priced one first and try to get that one under agreement...if i can get one u/a then i will have some leverage to go back to the other 2 banks and show them their prices are too high (condos are just about identical but) ...they sold for over $200K a few yrs ago and they are asking $65K $99K and $109K, I wll offer $50K cash for the lowest priced first...there is no HOA in this house, so financing is not an option...im only interested if i can buy all 3 condos...i would then re-establish HOA or convert back to a 3 family...either way im buyng and holding for monthly cash flowbut big ???

You will eventually establish your own unique presence and role in that company.

I currently have only one building, would it be a good thing to establish an LLC this early into things?

Congress shall make no law respecting an establishment of religion, or prohibiting the free exercise thereof; or abridging the freedom of speech, or of the press; or the right of the people peaceably to assemble, and to petition the Government for a redress of grievances.FYI

I am looking for my first property but because of my age my credit is not really established enough to go after a conventional loan, I also do not have any income.

I agree with Richard, it is very important to establish a relationship with your lender.

i have offers on 2 condos in a 3 unit complex...if one of my offers is accepted can i reestablish the HOA or do i need to have all 3as of now 2 are bank owned and on the market...the 3rd will be soon- so i hear...my plan is to start w/ the 2 that are bank owned make offers and get under agreement...no HOA is in place so cash is needed...i want to refi right after i reestablish the HOA... but how quick can that be is the question...will i need 1, 2 or all 3 under my name before i can re establish the HOA?

We went to an REDC Auction in California... looked at 30 properties and established max bids on all of them.Most properties went 2x our maximum bid with some of them going for only 1.5x.

there is no QUALITY lender that will lend to a newly established businesses WITHOUT A PERSONAL GUARANTEE!

From all of your advice I think I have the right idea...I just need to establish some capital so it's not so risky.