All Forum Posts by: Maiddo Esho

Thank you Peter

This is Maiddo from Buffalo, Ny. My wife and I am interested in buying and holding rental properties. My wife and I are presenting looking for our first property and hope to close on one or more before the end of the year. I have 2 questions that I have been thinking about. 1. How can you have more than 5 mortgages in your name because the goal is to use the BRRRR strategy to invest. From what I heard from one of the bank we called, you can only have 5 in your name. 2. When is the right time to open a LLC to transfer the properties we are going to buy. Most banks we have spoken to do not lend to LLCs. Looking forward to learning daily as we invest to create passive income. Thank you.

This is Maiddo from Buffalo, Ny. My wife and I am interested in buying and holding rental properties. My wife and I are presenting looking for our first property and hope to close on one or more before the end of the year. I have 2 questions that I have been thinking about. 1. How can you have more than 5 mortgages in your name because the goal is to use the BRRRR strategy to invest. From what I heard from one of the bank we called, you can only have 5 in your name. 2. When is the right time to open a LLC to transfer the properties we are going to buy. Most banks we have spoken to do not lend to LLCs. Looking forward to learning daily as we invest to create passive income. Thank you.