All Forum Posts by: Account Closed

How does one manage staying on top of paying all of the mortgages from all of their properties when they have a large amount of them? Is there someone you hire like the property manager that is in charge of that? Is there some sort of way to handle this tricks or tips other then just making sure you get it done?

If I purchase my first multi family investment using a FHA loan to get a low down payment of 3.5% and use rental income potential towards the purchase of the home I was told you have to use one of the units as your primary residence. Is this true? If so for how long must you live in it before you can move out and rent out that unit also?

If you invest in real estate flips and rental properties do you need to register as a business in NJ? Also how do taxes work at the end of the year? Should I budget for that?

I've done a lot of homework and research to get as much knowledge as I can for investing in real estate but something that I still am unsure about is where to start whats the order of the process? should I have a private investor lined up then find a deal or should I have the deal to bring to the investor? Do I need a realtor before or after finding the deal and or investor? When does the lawyer come into play? At what point should I have my general contractor take a look at the house and give estimate rehab costs? Side question- do I need realtor with us when having a contractor walk the house?