All Forum Posts by: Huy N.

this is exactly how i started and up until now. I have a day job and started buying property 3 years ago. I harassed my broker so much for showing on the weekend so he was like "why don't u go get a license, buy house for yourself and work for me?"

Study and getting the license will definitely give you the content of real estate but to get the context, the only way is doing the real thing. Also keep in mind that license and membership in the MLS are not cheap to maintain, so it will actually push you to go out and make some sale or it will cost you money

Welcome to BP! you are on the right track

Welcome @Jeremy Kersten

Let me know if there is anything i can do to help you

This very cool. I just find out that one of the people i work with in the office do the exact same thing. they are the ideal tenants that any landlord would dream off

Thanks for sharing!

Residential mortgage lender won't allow llc. You can change the llc after you do the loan though. but you have to accept that due on clause risk. also your insurance agent might give you a hard time with llc as well

Commercial mortgage lenders love llc.

@Bill P. 

Thanks Bill and @Joel Owens! I will certain look into it as the deal become bigger!

 Man, I got story to tell you on this. It took endless effort to eventually work everything out. I gave up my commission to make thing happen. yes i got like gazillions problem wait for me inside but hey i'm here to solve problem!

@Lucas S.

@Charles Cupoli

Welcome to BP! Financing is always the biggest factor in any investment. Make sure you work your credit up in the 750 level. Also the bank statement has to be super clean: no cash deposit, no large expense, etc. 

I keep a separate bank account for residential financing purpose and all i have in there is the money deposit from my day job. It will make life become easy.

most importantly - your debt to income ratio should be lower than 40%. This will make you the ideal borrower and bank will line up to give you loan.

welcome to bp @Mark A barton . You headed the right direction

@John Thedford

Thanks John! That's what i'm aiming for. all day, every day!