All Forum Posts by: Amir B.

I was considering house hacking, that's why I would consider CA. I agree.

Hi Brad,

I will be in Sacramento this Saturday. I can meet up. I am looking at a few multi-family units there. Send me a PM.

Thank you, Gautam.

Hi Everyone,

My situation is similar to another BP member who started a thread earlier.

I am 34 years old and thinking of pursuing a career in social work. I have narrowed it down to three grad schools for a masters in social work. I currently gross $73,000 working full-time. Getting this degree will not give me a lot more money but a more stable career. I have excellent credit (FICO score 815) and saved up $105,000. I have no debts either but I have nothing to show for it (no assets).

What my question is should I continue to pursue grad school or both?

Please ask about any details I left out.

Thanks

I see. So, opening a LLC is the first thing a REI should do or something like that e.g. S Corp, C Corp?

Thank you.

Daniel,

Are banks likely to lend money to a LLC (REI)? I was under the impression that you need to establish some business with them (bank) first. Before banks lend that type of money.

Congratulations.

Hello BP Community,

I wanted some feedback and advice from RE investors. I am interested in purchasing a triplex or quadplex outside my county (reason being price). Depending on the price, I might be using an investment loan or a FHA loan. I have never purchased any RE and this would be my first deal.

I was advised by an investor to learn the business first and then invest. However, I am currently paying $1100 for my apartment and utilities. Why not have my tenants pay my rent and mortgage? I totally understand their are many liabilities involved when you become a landlord. 

Please advise.

Thank you. 

Hi Brian,

What sort of return will the investors get on $100,000?

Thanks David and Patrick for replying. I really appreciate it. Both of you make great points. Just wanted to add that I have been pre-approved for $500,00 for a four-plex. I was going to do a FHA loan and save my cash. I only have $100,000 cash which doesn't go a long way in my area.