All Forum Posts by: Jared Wengerd
Jared Wengerd has started 4 posts and replied 27 times.
Post: Should I attach my debt to my LLC
- Sandpoint, ID
- Posts 27
- Votes 4
@Alex Price
Thanks
Post: Should I attach my debt to my LLC
- Sandpoint, ID
- Posts 27
- Votes 4
@Edward B.
The loan is not attached to the property, the lender has a general knowledge about the investing I do but the loan is not attached to any single property. The loan is simply in my name.
Post: Should I attach my debt to my LLC
- Sandpoint, ID
- Posts 27
- Votes 4
Thanks for your insight!
Post: Should I attach my debt to my LLC
- Sandpoint, ID
- Posts 27
- Votes 4
So I'm using private money to buy some of my rentals. The loan is currently in MY name,... should I have them add my LLC to the loan contract so my LLC shows the debt to discourage legal action against my LLC? Thank you in advance for your advice!!!
Post: New Member from Asheville NC
- Sandpoint, ID
- Posts 27
- Votes 4
Welcome! It looks like your digging in to what this site has to offer. Patience, persistence, and FOCUS will help get you there.
Post: What is the best strategy to get your first rental(resid.) deal
- Sandpoint, ID
- Posts 27
- Votes 4
Originally posted by @Ram Kothandan:
3) Should we buy with all-cash and get the loan later ? If the house price is less than 50 K we can do this. What are the advantages/cons of doing this Vs a bank loan? Can we negotiate more ?
4) Timing of the purchase: Is there any difference in buying indifferent times of the year?
Is there any other important factors we need to consider?
@Ram Kothandan
3) You are often more attractive to sellers if you come with cash and can offer a quick closing date. You can then refinance sometime after you buy. One advantage of financing your property is that you may be able to put down payments on several properties instead of buying only one with cash.
Post: Best geographical location- western states
- Sandpoint, ID
- Posts 27
- Votes 4
@Zach H.
Spokane Washington would give you a descent market for lower cost rentals and for flipping in my opinion. Post Falls and Coeur de Alene Idaho would be even closer to wilderness areas and lakes but are harder to get cash flow from rentals.
Post: Water costs in Dayton Ohio
- Sandpoint, ID
- Posts 27
- Votes 4
@Randy Person ,
Thanks Randy
Post: Water costs in Dayton Ohio
- Sandpoint, ID
- Posts 27
- Votes 4
@Darrin Carry .
Thanks for your help!
Post: Water costs in Dayton Ohio
- Sandpoint, ID
- Posts 27
- Votes 4
@Darrin Carey ,
Is there a website that has this information?