All Forum Posts by: Jason Allen

Welcome to BP @Sean C.! Good luck on your invest journey!

House hacking is a great way to get started. If you're investing out of state, I'd recommend investing in a property in an appreciating area that also provides cash flow.

The BRRRR strategy is the best way to scale quickly, but these deals can be hard to find.

Hi Laura, there are plenty of fix and flip opportunities here in the Columbus, Ohio market.

 I'd say past successes will be the best criteria to look for. I have seen development syndications that go years without even breaking ground. So, I'd caution against inexperienced syndicators. Additionally, I'd even expect deviations from business plans with experienced syndicators. Construction/rehabilitation timelines rarely go as initially indicated. 

are you able to do your own analysis on the deal the syndicators are proposing?

Shouldn't need an attorney to create the LLC. That is typically very easy with the secretary of state. You should use an attorney to draft and file the quit claim deeds.

 @Samuel Diouf is always giving out good advice.

Hi Tonatiu,

I think this is a great idea to help you build your capital for long term rentals. I have several clients utilizing this same strategy here in Columbus, Ohio. If you're interested in learning more, please feel free to reach out.

It is not too late. You can quit claim the property into an LLC after the fact, but you'll want to be sure that this does not trigger acceleration/repayment under the terms of the mortgage.