All Forum Posts by: Eduardo Conde

How does it work with securing a mortgage loan under an LLC? Who's credit do they use if their is more than one person under the LLC and is it possible to still house hack?

Hey guys, so I’m currently in the process of saving money to buy my first Real Estate Property in Charleston, SC. I’m trying to put a team together to be able to help me throughout my journey.

I was wondering if anyone knew of a good Real Estate Lawyer and/or CPA with real estate experience in Charleston, SC?

@Lina Bibikov never considered that. I’m just not certain if it would make sense to put down as little as 3.5% down on a $600,000+ multifamily property. I feel as though the mortgage plus all other expenses would be too high to offset the gross income. Mainly because I am loaning out so much. And the reason I say $600,000 is because that’s probably what I’ll be able to find here in Miami, if not more.

Hello everyone!

I recently graduated from a 4 year university and moved down to Miami, FL for work. I have family here and have been blessed to live rent free here in Miami. However, I really want to get into Real Estate Investing and I am currently undecided about what should be my next step.

I've thought about house hacking and getting a FHA loan, but the market here in Miami is very unfavorable. I considered at least moving up North for a year (Ft. Lauderdale area) to purchase a multi family home that would produce cash flow while I stayed there for a year.

Do you think this is possible in the Ft. Lauderdale or even in the Miami area, and if not, what would be the next best thing to do with little money down?