All Forum Posts by: Nathan Murith

hey @Tahmid Na welcome to biggerpockets and congratulations on doing the work!

This is a very hotly debated topic in the real estate investing space :-) this post my blow up, watch out :-) There will be as many opinions on this topic as there are people...

There are pros and cons of doing so. Generally speaking, when you are just getting started, I would generally not recommend it. It adds a layer of complexity and cost that, unless you are familiar with LLCs, could be avoided when getting started. you can always change that later. you also typically get more favorable terms and cheaper money (mortgage or HELOC) in your personal name.

i am happy to share our journey and experience on this front if you want. please do not hesitate to reach out, connect, and DM me if interested.

Quote from @Kristy Goelzer:

Hi @Nathan Murith thanks so much for your response and pointing me to the agent finder tool. I will try using that to find an agent that is investor friendly. I am definitely interested in hearing about your path, mistakes to avoid and any insight you may be willing to share. I made some mistakes in the first investment property that I had and I do not wish to repeat again! I hope you are having a great day.

Thanks,

Kristy 

 @Kristy Goelzer happy to help! please do not hesitate to reach out!

hey @Kristy Goelzer welcome to BiggerPockets and congratulations on making progress on your real estate journey!

While I cannot speak much for the CLT market, we do invest remotely and out of state. I am happy to share all the tools, tips, tricks, resources, and, of course, ALL OUR MISTAKES so you don't make them yourself when going out of state.

Also, BiggerPockets has this Agent Finder tool, not sure if you have looked at it or not: https://www.biggerpockets.com/...

In any case, would love to share what we know so please do not hesitate to reach out, connect, and DM me if you are interested.

Hey @Elbert O. welcome to biggerpockets and congratulations on doing the work!

Where in the Bay Area are you based? We are also based in the area and invest remotely in the Midwest. 

We set a few hours a side each week to help others getting started in the spirit of giving back to the community.

We do not invest in Memphis but happy to share any and all the tips tricks tools resources we used (and still use) when getting started.

Please do not hesitate to reach out, connect, and DM me. Happy to help and share what we have!

Quote from @Courtenay L Sellers:

Hey Nathan, thank you for your reply.  The only social networking website to which I subscribe is LinkedIn.  Are you on LinkedIn?

Again, thank you for your consideration.

 @Courtenay L Sellers I just sent you a connection request with a note here in biggerpockets

Quote from @Chauna Caudill:

Thank you For replying Nathan. If I sell I would use the money to invest in a duplex and house hack it. 

I am pretty confident I only need 15,000 in repairs. I don’t have 15,000 to spend so I would do a home equity line of credit to cover the cost then do the same plan for the duplex with the line of credit. 

Got it, do you know where you would re-invest if you sold and how much that money would get you back?

The $15k for the repairs shouldn't be an issue. From the HELOC as you say, to private money, to construction loans, etc there are many avenues for getting that money. 

@Courtenay L Sellers happy to help, please feel free to connect and DM me, we can continue the conversation there

Welcome @Maleshia Gilcrease and @Nick DiFinzio ! Welcome to BiggerPockets and congratulations on doing the work!

Happy to share any and all resources, tips, tricks, tools we love to use for investing in real estate. Please do not hesitate to connect, reach out, and DM is you want to chat more. We have nothing to sell just helping out in the spirit of giving back!

Welcome @Theresa Lovell, welcome to BiggerPockets and congratulations on doing the work and reaching out.

I still remember when we were getting started, so exciting!

We set aside a few hours each week to help people getting started. I can also provide all the resources we used and still use today, happy to help! We have nothing to sell, just trying to help in the spirit of giving back to the community.

Please do not hesitate to reach out connect and DM me if you want to discuss further!

Hey @Courtenay L Sellers welcome to BiggerPockets.

House hacking is such a fantastic way to build wealth and live (hopefully) rent free!

Are you looking to do that in New Jersey?