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All Forum Posts by: Daylen Fiallo

Daylen Fiallo has started 16 posts and replied 67 times.

Hi Everyone,

Is anyone interested in a real estate professionals and investors meet up in Hialeah, FL?

Post: New young investor

Daylen FialloPosted
  • Specialist
  • Miami, FL
  • Posts 72
  • Votes 24

Hi Josh,

Looking outside of your state or city will expand your opportunities. Or maybe consider house hack and live for free. Don't get discourage with the rate and the market situation. 

Hi Zach, I would go to a local commercial bank and get a DSCR loan.

Post: House hunting for primary residence

Daylen FialloPosted
  • Specialist
  • Miami, FL
  • Posts 72
  • Votes 24

Hi Ameyo, welcome to real estate.

Post: Do you have an LLC for your Real Estate Agent business?

Daylen FialloPosted
  • Specialist
  • Miami, FL
  • Posts 72
  • Votes 24

Agree with all the comments. An LLC would keeps everything clean as related to the business transaction, plus you get the liability and tax benefits.

Post: New member from Portland, OR

Daylen FialloPosted
  • Specialist
  • Miami, FL
  • Posts 72
  • Votes 24

Hi @Suddha Talukdar, welcome to the community.

Post: Umbrella Insurance Carrier? / Who Do You Prefer ? / I'm Shopping

Daylen FialloPosted
  • Specialist
  • Miami, FL
  • Posts 72
  • Votes 24

Hi Tony, 

I am in the same page, I feel that the policies have gotten more expenasive.

Post: College student seeking advice

Daylen FialloPosted
  • Specialist
  • Miami, FL
  • Posts 72
  • Votes 24

Hi @Alyssa Aleman, I would contact and message companies through LinkedIn. 

Post: Condo buy & hold investment in Tamarac Fl

Daylen FialloPosted
  • Specialist
  • Miami, FL
  • Posts 72
  • Votes 24

How much did you rent it for?

Post: Multifamily vs single family section 8

Daylen FialloPosted
  • Specialist
  • Miami, FL
  • Posts 72
  • Votes 24

Hi Munya, I would get a multi family for Section 8 as you can have more sources of rental income rather than just one. Section 8 is given to the tenants and it depends on what the tenants qualify for. Example: You can rent one unit for $1,500, but if the tenant only qualifies for $1000, then Section 8 will only pay you $1,000 and the tenant has to come out of pocket for the other $500. This is how it works in my city and state. I suggest that you get more info on your local agencies. 

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