All Forum Posts by: Diego Benavides

Hello April and congratulations! Everyone has their own situation and preferences, and it all comes down to you and what aligns with your goals. With that being said however, I lean toward flipping this one to strengthen your reserves and position yourself better for that BRRRR later. It aligns with your original plan and reduces financial pressure.

FinTech banks such as SOFI and Ally offer great APY on their savings accounts. They are able to compete with these big established banks because they are online and save a lot of money not having any physical locations. They have no fees and if they do it is very rare, however, to unlock all the perks they offer you do have to sign up for direct deposit to maximize everything they offer.  

Scale for the sake of ego doesn’t equal wealth or freedom. Cash flow, equity growth, and time freedom should be the drivers. I’m in this game for efficient wealth, not vanity metrics. I also think you can build both — create strong, cash-flowing investments and give back later once you’ve built the foundation. Appreciate you sharing this — it’s the kind of mindset that leads to real, sustainable success.

I like to use ChatGPT when analyzing deals. I also have it tailored to my needs and goals and from there Chat GPT is able to identify whether a deal is worth it or not. It can also do all the basic functions any calculator would do, so adding another tool under your belt never hurts. 

Great recommendation Jordan, been asking myself this question too. Never really thought about Facebook, will definitely look into it in my area! 

Congratulations and welcome! 

Thank you all so much for your time and feedback. Looking forward to getting into the game !

Hi guys i am new to real estate investing and i am looking to buy my first properties in the near future. However, with so much information out there and so many different strategies it can get very overwhelming. I want to make the best decision possible and set my self up for the future. 

With my current situation i can currently buy around 3 properties. 

The options are:

Buy 3 turnkey properties and rent them out.

Buy 2 turnkey properties and 1 BRRR or vice versa

Buy all BRRRs properties

or have a mix of it all and have 1 BRRRR 1 Turnkey and 1 Airbnb

My goals in real estate is to leverage what i have right now so i can buy more properties in the future and scale. 

Any suggestions or strategies? im happy to hear

Everything has their own situation and no answer is a one size fit all solution. However, for most cases buying under personal name does seem to be more beginner friendly. 

Buying under your personal name more than likely will give you better financing options as compared to purchasing under an LLC. Just make sure you have a good umbrella insurance policy, and you can even have your own property management business that manages your properties. This gives you added protection. As you progress in your investing career, you can always switch the rental property into the LLC and this will help with DSCR loans.

Overall, starting out it is generally more practical and cost effective to buy in your personal name and over time switch to the LLC route.

Hope that gave you some clear insight!