All Forum Posts by: Anne H. Barrett

Good afternoon, 

I am trying to get started in REI. I read the "How to Invest in Real Estate" excellent book by Joshua Dorkin and Brandon Turner, but I feel like I just drank from a fire hydrant, and I have many questions. House flipping is very difficult here with very few affordable distressed properties to flip. I need some monthly business income, so I am thinking I have to find a property to rent even though I am not wild about dealing with tenants. STRs first sounded like a great option, but upon further look, it may not be so easy to make a profit out of them due to the currently high purchase prices, the maintenance and property management fees, and especially in some locations where the local governments charge high taxes and business licenses costs. Any words of wisdom on that would help a lot. I am thus looking at maybe buying a single-family house or small multifamily property.

Additionally, I would like to know if it is possible to transfer whatever property I purchase to my LLC since it seems to be difficult for a LLC to obtain a mortgage, but I need the LLC to own and manage the rental for liability protection.

Finally, I am thinking of investing in land later on, but I have zero knowledge on how to go about it.

Thank you for any help and advice you can provide,

V/R

Anne