All Forum Posts by: Eugene Neal

The decision of whether to purchase investment properties under your name or an LLC depends on several factors, including your personal financial situation, investment goals, and risk tolerance. Here are some things to consider:

Advantages of Purchasing Investment Properties under Your Name:

• Simpler and less expensive to set up and maintain than an LLC
• May be easier to obtain financing since lenders may prefer lending to individuals rather than an LLC
• More control over the property and its management

Disadvantages of Purchasing Investment Properties under Your Name:

• Personal assets are at risk in the event of a lawsuit or other legal action against the property
• May not provide the same level of liability protection as an LLC
• No separation between personal and business assets, which can make accounting and taxes more complicated

Advantages of Purchasing Investment Properties under an LLC:

• Offers liability protection for personal assets in the event of a lawsuit or other legal action against the property
• Provides a separation between personal and business assets, which can make accounting and taxes more straightforward
• Can make it easier to manage multiple properties and limit liability across them

Disadvantages of Purchasing Investment Properties under an LLC:

• More complex and expensive to set up and maintain than purchasing under your name
• May require a higher down payment or interest rate from lenders
• Less control over the property, as decisions must be made in accordance with the LLC's operating agreement.

You personal have to weigh the pros and cons. If you do decide to go the LLC route, reach out and we can help you secure financing.

9425 Luna Dr- Land only, impact fees, Water Well needs fixing, Electric connection available.

9018 Atlas Dr- Doublewide 3bed 2bath 1100 sq ft, Everything would need to be connected Water Well, Electricity, Impact Fees.

9450 Helena Dr- 3/2 Singlewide 1216 sq ft, Fully move in ready.

Price for all $675k. 

Please message me if interested direct buyers only, no wholesalers.

I am looking to broker a loan with a commercial lender. Please see the brief details below;

I have a new potential client with a commercial deal. He wants to purchase a retail center for $2.1 M, rehab is $200k, ARV is $5M. He has tons of experience with flips and rentals, his credit score is around 740. He is willing to put down 25%. He has it under contract and wants to close by April 14th.

We are located in NY as well as Florida and would welcome the chance to assist. If need be you can also visit us in the office to discuss some ideas face to face.

What do you consider a low credit score and what is your previous fix and flip history?

If you have the property under contract, please message me.

I am currently setting up tours for Americans to visit potential investment properties in North Cyprus. Has anyone purchased investment property internationally? If so, how can I make the experience easier for potential clients. As of now we are offering a three day expenses paid tour. 

Investment Info:

Single-family residence wholesale investment.

Purchase price: $32,000
Cash invested: $3,000

Acquired property that needs a full renovation. Currently waiting on offers from fix and flip investors.

What made you interested in investing in this type of deal?

The purchase price and potential value for an investor makes sense to me.

How did you find this deal and how did you negotiate it?

I found the deal from a former client looking to unload from his portfolio.

How did you finance this deal?

I am wholesaling the properties within the portfolio.

I'm currently wholesaling within NY as well as working with a direct lender for Hard Money Funding. 

I am currently an agent with the largest developer in North Cyprus. The dollar is very strong in that region and it seems to be growing every time I visit. I'm setting up investor tours in April. The goal is to start driving traffic from the American Population. What are some of the concerns I should have solutions for? The only out of pocket expense will be for the flight there and back.