All Forum Posts by: Marco Antonio Hernandez

My apologies for not including the rate. It would be 5-6%

I approached the seller with the possibility of seller financing for the balance once the 10%  down payment is satisfied. The terms would be:

purchase price - 60K
Down payment - 10K
50k loan balance (amortization 30 years w/ balloon payment in 2 years)

Does that seem advantageous?

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@Allan C. Your insight is very helpful I will evaluate my options with the suggestions you and others have made and I'll let you all know which way I decide to go. Thank everyone for your help!

Thanks for the advise Yasser. I just spoke to my accountant and he said the same thing - Separate LLC's for each property asset.

Thanks for the speedy reply Sam, The LLC currently has no other assets.

Hey BP family,

I'm a newbie investor and plan to purchase my first investment property in the next couple of months. I've had a LLC for a number of years and was wondering if it would be prudent to purchase my investment properties under the LLC?

Hey all,

I'm new to the BiggerPockets family and a newbee real estate investor. I'm looking to learn the ropes and earn some cash for my first deal by bird dogging. Can anyone recommend where to start?

Happy Investing,

Marco