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All Forum Posts by: Justin Carter

Justin Carter has started 13 posts and replied 35 times.

Post: Creating an LLC for 1st property

Justin CarterPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 35
  • Votes 22

@Jake Hottenrott @@Eamonn McElroy Thank you guys for your insight! Yes, the property will be my primary residence at least for the 1st year. I'm using FHA financing and so as you know, it's a requirement that I at least live in the property for the 1st year.

As I acquire more properties I'll revisit the idea of creating an LLC. I'm certain I won't stop at 4.

Post: Creating an LLC for 1st property

Justin CarterPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 35
  • Votes 22

I'm closing on my first property in a few weeks and I plan to house hack. Is it worth creating an LLC? And if so, has anyone used LegalZoom?

Post: Closing Cost Credit for Repairs Greater than Closing Costs

Justin CarterPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 35
  • Votes 22

@Alex Roth I’m currently in this sane situation. How did this work out for you? Did you find a cure or did you walk away from the deal?

Post: So what's holding you back?

Justin CarterPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 35
  • Votes 22

@Frank Patalano Do you know anything about the Chicago market? What’s a good price point for a 2 flat or 3 flat?

Post: So what's holding you back?

Justin CarterPosted
  • Rental Property Investor
  • Chicago, IL
  • Posts 35
  • Votes 22

@Frank Patalano I just don’t know where to start!! Or what properties make the most sense.