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All Forum Posts by: Karson Wilson

Karson Wilson has started 5 posts and replied 13 times.

Post: School Loan or Start Investing

Karson Wilson
Posted
  • Rental Property Investor
  • Greenville, SC
  • Posts 13
  • Votes 1

@Andrew Hogan how would I know if I would hit at least 4%? Would this be like doing a “2% deal”? Or would there be another way to figuring that out?

Post: School Loan or Start Investing

Karson Wilson
Posted
  • Rental Property Investor
  • Greenville, SC
  • Posts 13
  • Votes 1

My wife is graduating with her MSW in a few weeks and we will have about $50K of student loans. Would it be more wise to tackle the student loans and then start investing or save up a little more and start investing in a multi-family unit and start paying off the student loans?

Post: Using an LLC for properties.

Karson Wilson
Posted
  • Rental Property Investor
  • Greenville, SC
  • Posts 13
  • Votes 1

It is generally a good idea to have an LLC. That way if anything happens and one of your tenants decides to sue you, they will not be able to take away your personal residence. If you have each property under a different LLC then they would only be able to sue the one LLC, and only that specific LLC would be sued.

I hope that makes sense and that helps you out! I think its a great idea to have an LLC to protect your personal assets from your business assets!