All Forum Posts by: Nolan Gray

Congrats .. so cool ... im full time 25 four units as an individual... any tips on how to use a friend working full time to partner on getting mortgages ? Its tough for me to qualify even with four units Joint mortgage ? Ethan Lee

@Daniel Hanson im investing in Milwaukee id like to do the same with a duplex or four family .. can you suggest a good real estate attorney?

@John Meurer im in Milwaukee.. can i check it out ? 

Understood ! Bryant Schur stay connected my bp friend

40k is great ... do a first time homebuyer fha 3.5% down before you quit ... close on a duplex or even four family with that loan BEFORE you quit .. you will need that income statement .. 5-10k 2-4 units Live for free and still have 30-35k roughly put up .. Im 25 i started 2 years ago at 23 . Im working on my 3rd duplex now

Bryant Schur Whats your take on holding structures such as LLC's Do you have suggestions? And have you ever had to risk triggering the due on sale cause by putting a personally financed property into an llc ?

Steven Hamilton II thanks steven . This website is such a blessing.. to be able to get advice from seasoned pros out of the blue is great ... im always free to connect and meet new professionals .. please if you have someone in mke i can do business with send them over ... im looking for a lifetime business relationship... But on another note i did get the ein account and im starting the bank account today I did not do an election!!

Thanks Dave Toelkes i was leaning towards the decision of your answer ... i want the rental income to have its own bank account And John Anderson this is a free and clear duplex so im still deciding wether to drop it straight into the llc or do a land trust

Dear bp family, I just formed my llc that i want to hold my rental property in.. My next step is to get an EIN number for the company.. I need it to start the bank account for the business aka my rental property My options are to file as a single member llc (smllc) or to elect and be taxed as an s-corp or c-corp I need help deciding before i do before i elect .. how does this work ?? Whats my best option ?

Congrats and good luck ..i want to retire by 30 for good and be full time ... Im 25 and only at 4 units .. Looking to add another 2-4 units next year