All Forum Posts by: Julez Seino
Julez Seino has started 2 posts and replied 3 times.
So Uh Life Insurance was a misfire for real estate investing right now. I get that takes a while. So back to the drawing board. The situation is, I have none of my own money to invest. But I understand I can use other peoples money (private lenders, hard money loans etc). I would assume they do a credit check So I have to have my credit Looking good. I believe I would have to scramble up some kinda money to put into a deal because I wouldn't get 100% Funding being brand new. And it sounds right to network and partner up with an already well established real estate investor who has experience & who lenders already trust. And before all of that I do Create a LLC in my own state & other states I want to invest in? Am I on the right track here? Btw I would love to get to know some real estate investors in the tri-state area. NY NJ CT and PA as well. Am I on the ball here?
Post: Aspiring Real Estate Investor Just Starting Out
- Posts 4
- Votes 4
Yes I realize now that life insurance option is crossed out. Lol I guess for funding I would have to take a loan out.
Post: Aspiring Real Estate Investor Just Starting Out
- Posts 4
- Votes 4
Hey everyone, I'm very excited to start this journey in real estate investing. The 1st thing I know I have to do is get the funds. I'm shopping around for a Life Insurance policy to take out a loan against the policy for the funds. I've learned Whole Life is better Than Term Life for real estate investing. Please correct me if I'm wrong. So I live in NYC & looking to start out in the tri-state area. Being New York, New Jersey & Connecticut. And maybe Pennsylvania. I'd like to start out flipping single family homes and rental properties. I'm looking at homes under $200,000. Some of my questions are
How much of an life insurance policy should I get?
What are those very 1st steps?
Do I start a LLC or a S Corp?
Any & all input is much appreciated. I'm coachable and want to learn this business.