All Forum Posts by: Jayden Hamilton

What would you say are the most lucrative investment vehicles and businesses currently? And what's the best way to get started with whatever it may be?

I was told I made a mistake by creating an LLC and was told I should have put my properties in a land trust. How would I go about doing this? The guy didn't explain it very well. I was confused. Is he right, or does it not really matter?

If there are any investors in the STL, MO, and Southern Illinois area, please reach out to me. Looking to network with fellow local investors and build relationships that last! 

I'm looking for someone who does bookkeeping that doesn't charge a lot? Does anyone know of any references or websites

Anyone who owns apartments or understands everything involved could please message me to help me make sure I do everything properly, so I don't screw myself when investing in a potential apartment complex I'm looking at. I've only owned single-family homes and a duplex. this is my next big jump. I'm 23, so I'm young and lacking knowledge but not lacking time, money, or willingness to learn. thanks, BP family! You guys literally keep me alive in this profession, you are all my mentors foreal! 

When buying an apartment complex, do you still need to screen the tenants in the units renting with the previous landlord? If so, how do you get the information from all the tenants? What are the documents and information I will need to ask for from the landlord trying to sell? To make sure I don't get into a bad deal. I've realized some landlords have qualified tenants that I would never let live in my properties... 

What are the best free sites and websites out there to help you do more deals, certain calculators to use, etc... If it costs money, that's not a problem; want to have as many resources as possible, which will be needed to run numbers and do due diligence on potential deals

When running numbers, what expenses do you figure when doing due diligence on properties? 

Hi guys, I just recently got out of the airforce after four years. I'm glad I served my country, but my true passion is investing. I don't particularly appreciate working for others and never want to experience that again. I currently own a single-family home that I owe nothing on; the market value is roughly 150-160k currently. I pay $1,032 a year in insurance and pay $3,200 in property taxes a year for this property. I make $1,395x12= $16,740/yr in rent for this single-family home. Also, I own a duplex I purchased last month for $144,000. I put down $29,000 for the duplex, and I currently owe 114,000 for the mortgage. UNIT 1 rents for $675x12= $8,100. UNIT 2 rents for $775x12= $9,300. I pay $4,249/yr for prop tax and $1,347/yr for INS. I have 100k liquid cash in my bank account. I'm in school full time and do not currently work. For anyone that's good with math and knows how to make money grow, could you please give me your advice on what you would do in this particular situation if you were in my shoes. I want to make more cash flow and income than I'm making right now. How could I make another deal happen to leverage my liquid cash and equity to buy a deal that produces a lot more income? 

How do I properly keep track of when tenants don't pay rent, and if this was to happen, what would be the first step I would need to take? How do I make sure I get paid back what I'm owed... what can I do if they don't pay. If I end up evicting them, how do I still get the money back they owe? or how can I apply for something that will go against their credit for not paying rent? I live in the state of Illinois.