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All Forum Posts by: Olivia Leija

Olivia Leija has started 3 posts and replied 58 times.

Post: Installment Sale

Olivia LeijaPosted
  • Rental Property Investor
  • Weslaco, TX
  • Posts 58
  • Votes 17

I am also still learning. I just heard that you can sell your primary home to LLC. Has anyone done an installment sale of primary home to a series LLC?

Post: Wayfair and fully furnishing

Olivia LeijaPosted
  • Rental Property Investor
  • Weslaco, TX
  • Posts 58
  • Votes 17

@Donald Kish

Hello. I have seen an increase in furnished housing. I am furnishing one unit of my four plex and see how it goes. I am looking at wayfair to furnish it as well. Thanks for your post as I see I am not the only one that has opted to use Wayfair.

Post: Anyone do a will instead of a trust?

Olivia LeijaPosted
  • Rental Property Investor
  • Weslaco, TX
  • Posts 58
  • Votes 17

@Jeff S.

I am working on my estate plan with KKOS lawyers that include a revocable living trust, a will and a power of attorney for $1200. It was a special they were offering.

Post: Distressed Healthcare Facilities

Olivia LeijaPosted
  • Rental Property Investor
  • Weslaco, TX
  • Posts 58
  • Votes 17

@Albert Safar

I have considered the same thing. I work in a skilled nursing facility and the owner is a single owner from California. Have you explored the option now after several years?

Post: Real estate notes in 2021

Olivia LeijaPosted
  • Rental Property Investor
  • Weslaco, TX
  • Posts 58
  • Votes 17

I am a real estate rookie learning about real estate note investing in Texas. Can you buy real estate notes with a self directed IRA? Would that even be a good strategy?

Post: Homes for Heroes affiliate in Johnson County, TX

Olivia LeijaPosted
  • Rental Property Investor
  • Weslaco, TX
  • Posts 58
  • Votes 17

@Orvil Stacy Alls

That is great! I just found out about this program. Can you elaborate on how the program works?

Post: I am looking to do my first fix & flip

Olivia LeijaPosted
  • Rental Property Investor
  • Weslaco, TX
  • Posts 58
  • Votes 17

I am in the Rio Grande Valley and interested in partnering to do first fix and flip. Any suggestions?

Post: How should I reinvest my rental I own outright?

Olivia LeijaPosted
  • Rental Property Investor
  • Weslaco, TX
  • Posts 58
  • Votes 17

@Robert Johnson

Hi Robert,

A lender informed me you can refinance at anytime after FHA loan to a conventional loan. The question is if you would be approved for another FHA. Lender says you may be denied after already having had an FHA. I spoke to a realtor in Mcallen and she says it's possible as her clients have done so in the past. Best of luck.