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All Forum Posts by: Karl Kwok

Karl Kwok has started 0 posts and replied 4 times.

Post: Gas Station Purchase - Newbie advice

Karl Kwok
Posted
  • Posts 4
  • Votes 3

GREAT reply ^^. I wasn’t event thinking about gas stations but this is enlightening nonetheless. Thank you!

Post: New to investing, to form an LLC now or later?

Karl Kwok
Posted
  • Posts 4
  • Votes 3

@Tyler Thomas - what little I know is that 1) banks generally won't lend to LLC, and 2) if you move your property into an LLC entity the bank can theoretically call the loan due right then and there. I'm still trying to figure out the best strategy myself.

Post: Newbie trying to do deal analysis, I need a lot of help!

Karl Kwok
Posted
  • Posts 4
  • Votes 3

Thank you, @Alexander Roeschmann!! 
and thank you, @Steven Brown, for starting this thread! 

Stay safe and healthy! #StrongerTogether

Post: Newbie trying to do deal analysis, I need a lot of help!

Karl Kwok
Posted
  • Posts 4
  • Votes 3

Hi @Stephen Brown, you (almost) read my mind! Bottom line - there’s a lot on Bigger Pockets that says run your numbers - my question is, where exactly does one get the numbers (maintenance costs, rent rolls, etc) without entering a contract??