All Forum Posts by: Justin Hammerle

@Chris Battista - if your starting out with your first investment property it may not necessarily make sense for you to start an LLC. Insurance would work just fine in most cases. Best to reach out to CPA or Tax Attorney to discuss your situation and whether it makes sense.

Nice deal! I like Amesbury a lot but not a whole lot of attention over there.

@Colin Kelly-Rand - It was this month, I didn't get into the details of the terms but I would suspect as you said there is likely to be some take.

@Dan Grove - multifamily rentals; I would much prefer a single commercial property in good condition in a great area due to efficiencies in managing operating costs.

@Jacob D. -  sounds about right; no reason to think they are going to do anything other than continue to rise.  I did hear some banks offering portfolio products in the 5s, not limited to commercial properties.  

@Christopher Wynn - It's my understanding that FHA does not have any rules against financing a property with a private note on it; but I believe they are more strict on financing qualifications. However, private lenders are typically for investment properties only which allow them to skirt banking regs. If someone uses a private loan to buy a property and fix it up without occupying, then refi to fha and occupy that is a bit of a grey area I would say carrying some risk.

I think an additional negative side effect which concerns me today is you get an economy that is riddled with debt.  It is not as much of a concern if interest rates stay low, but as they increase it becomes more and more difficult to manage that debt.  If your hands are tied with keeping interest rates high because of inflation, I think a recessionary debt clearing event is unavoidable.

@Mark Gould - new construction is a great idea in today's market with inventory being so low everywhere.  It is however very specialized, with no experience I would suggest connecting with builder/GC that you can trust who can help you through the process and has the right connections in the municipalities you are considering.

Ask the realtor if they invest; and if so what experience do they have?

not the most cost effective but you could involve an attorney, have them contact the property manager directly.