All Forum Posts by: Dan Barli

Welcome to BP @Tyler Daniels! Take advantage of all the information on this site. I would start going to local REIA meetings to meet investors and get exposure. What kind of investments are you looking to do?

Great job Lancelot! 

Congratulations Robert! It's always nice to hear success stories!

Have you done a member search on this site @Anita Moore-Bohannon for a realtor in Huntsville? Chances are that's the easiest way to connect with one. I would also suggest attending local REIA meetings to network with other investors.

Do you any direct mail marketing Rex? You have to get them before the competition. 

Have you consulted a local real estate attorney @Chrissy Tegels? They can probably advise you the best way to set it up. If it's just you and your husband, you can probably have one LLC that you each own 50%.

@Felicia Bridges you can have a HELOC as the first lien/mortgage on your property. Often people use a HELOC as a second mortgage, utilizing the equity left after the first mortgage. When you run the numbers, that should tell you which option works best for you.

@Jason Clinton I would suggest contacting a local commercial lender to see if they can even loan at a value of 45k or so. If they can’t then it won’t matter if you own it or your llc since they can’t lend such a low amount.

If they can then rather than selling it to your llc, you can do a deed amendment to your llc and refinance it as your company.

@Nashid Allen have you gone to any local REIA meetings in south jersey? It's a good way to connect with people

@Kathryn S. Are the properties being rehabbed by you? Or are you buying them after someone else has rehabbed them? How many properties are you looking to buy at once? I may have a contact for you.