All Forum Posts by: Taft B.

Thank you all very much for the advice!

Thank you Michael, any advice on how to find a good one of each of those to setup that consultation? That's actually what I was thinking I'd do, but how to find a good one? 

Hello all!

Newbie here looking to get my first few properties this year. I would like to learn more about setting up a LLC (or other legal entity) to own the investment properties and accounting/financial strategies to offset the income with the expenses... things of that nature. Can someone point me to some resources (blogs, podcast episodes, articles, etc.) so I can learn about this aspect of being a successful investor? thanks!!

Point well taken, I understand it's meaningless to this conversation, it's just my own sense of velocity 

Ok, that makes sense, so if I plan on buying turnkey there probably shouldn't be much if any rehab needed.

Thank you Bryan, so you're saying I'd put the full $150k into the first property but then re-fi and pull 80% of that back out for the next property? Do I understand you correctly? Why do that instead of just putting 20% down and holding on to the other 80%? (I might get a new property every 3 months actually)

I have $150K in cash. I want to build a portfolio of rentals (target 10), one every 6 months or so, and I am brand new. What is the best way to use that $150K? My credit score is 800, I currently rent, no other real estate or assets (other than 401K). I am leaning towards turn-key because I have a great job that takes most of my time. Should I spend that whole $150K on the first deal, hold some back for future deals? other strategy???