All Forum Posts by: Andres Moreno

Thanks for that reply. I guess I could have better explained. I do plan on getting a small multi-family and occupy one of the units. 

Did not know about an LLC not being able to get an FHA loan. I need to do more research.

Which way of the LLC conversation do you fall? Would someone that chooses to hold property on their personal name need (or should) to carry high insurance?

Again, thanks for the reply. 

How's everyone doing, 

So I've done some research on how to best protect my personal finances when starting my investment career and so far I think I've come to the conclusion that an LLC is the best answer. What are your guy's thoughts?

Also, when looking to get a loan, lets say a 200k loan, how much would you say should the LLC have in the bank account for a loan such as FHA?

Thanks everyone

Andres.

Thanks, glad I found this site!

How's it going everyone,

My name is Andres Moreno. I'm 28yrs old and looking to become a new real estate investor with plans to purchase my first property within the next 12 months. I will be relocating near Northfolk, VA this December and I will hit the ground running to find my first multi-family property.

A little bit about me. I was born and raised in Colombia but have been in the states for half my life now. I'm a futbol (soccer) aficionado, love listening to music and like to spend spare time doing web and graphic design. 

I started my real estate curiosity by taking a real estate sales person and appraisal course through Allied Business School and realized I didn't want to be a sales person but rather an investor. 

How's everyone doing?