All Forum Posts by: Nadeem Alamgir

@Cinnamon Russell

For just one property, most investors keep it in their own name and rely on solid insurance or an umbrella policy for liability protection. Setting up an LLC adds cost, paperwork, and headaches, which usually don't make sense until you've got a few more units. Once you start to scale, that's the time to sit down with a CPA or attorney to figure out the best structure.

Hey Joseph, welcome to BP and thank you for your service. The biggest lesson I've seen on recent BRRRRs is to stay conservative on ARV and rehab timelines. Things almost always take longer and cost more than expected, and that buffer saves the deal.

@Michael Johnston

You either use cash, hard money, or private money to buy the house. Then you rehab it, sell it for a profit, and use those proceeds to fund the next deal. The more you build a track record, the easier it gets to line up financing and repeat the process. I would just make sure you find a really solid general contractor that has proper pricing, communication and timing. Hard to find someone that can do all three but I'll take 2 out 3. 

@Avery DeWitt house hacking is definitely one of the best ways to get started. I’ve seen a lot of investors go the duplex, triplex route since it gives you rental income right away ADUs can work too depending on zoning and the neighborhood I believe. 

@Michael Del Vecchio

Buying a rental first doesn’t stop you from using first time homebuyer programs later. Those programs are based on the first property you actually live in as your primary, not the first property you own. So as long as you haven’t bought and lived in a home yet, you’ll still qualify when you go to buy your residence.

Welcome to BiggerPockets! @Daniel M. Vaughn IV

Hey Kelly refi can definitely snowball growth but making sure the property still cash flows after the new payment is important. I usually see investors pull just enough to fund the next deal, not max it out. As long as the numbers still work with a buffer, it’s a solid way to scale without getting overleveraged.

Hey Dustyn , I would plug into local meetups to connect with active investors, wholesalers, and flippers, and offer your skills to bring value in exchange for insight. Getting your license will help, but the real growth comes from analyzing deals daily and networking with people who are already doing it.

Happy to connect here Jeff! 

@Chaim Mal a month and a half isn't that long. I would focus on one market, reach out to some experienced investor friendly agents that can help you move on deals quickly. I would also work on analyzing deals quickly and get better at that, which makes a huge difference.