All Forum Posts by: Andrew Jambor

@Bill Jones Thanks for the advice!

@Michael Noto Thank you and I will be in touch for recommendations and questions

Hi BP!

My question is when working with an agent listed property is creative financing still possible? Can you still negotiate seller financing, sub2, etc.? I obviously want to make the deal win-win for the seller, agent, and my team. 

Thank you in advance! 

For those that have investment rental properties: Have you ever had one of your properties go into foreclosure? If so, were you able to protect your personal assets from the bank? How did you go about doing this? Were you able to protect your credit? Thanks in advance!

Greetings BP!

I have a friend who is in need of some advice and since I'm a newbie in real estate investing, I could use some advice from this awesome community.

Here are the details from my understanding:

My friend lives in CT and inherited a condo in FL (Melbourne) from her father who unexpectedly passed away a year ago.

She and her brother both own a stake in the property (80% hers/20% his). The property is paid off and she has been paying the association fees and taxes on the property. She would like to buy out her brother's share of the property but doesn't know how much the property is worth or the steps needed complete this. I advised her to find a real estate agent and an attorney who specializes in real estate in that area so she could get some professional advice. She would like to rent the property out while she is in CT. I also mentioned that she could create a business entity (LLC) and put the property in the name of the entity for both liability protection and tax benefits.

So my questions are:

1.) Does my advice make sense?

2.) Does anyone have any recommendations on real estate attorneys and real estate agents in the Melbourne area?

3.) Does anyone know of any insurance agents in that area as well (she mentioned that she did not know what the rates are in FL for homeowners insurance)?

Any advice is appreciated. Thank you!

Greetings,

I'm looking for some advice on creating a business entity. Before getting into any investments, it would seem to make logical sense to set up some sort of entity for tax purposes and asset protection. Any recommendations would be appreciated!

Regards,

-Andrew

Thank you for all of the replies!

@Michael Lebeau , that is a great question! I'm still learning about the different areas of real estate. I think to start, maybe pre foreclosures and lease options. Rehabbing and rental properties are also interesting to me.

@Timothy Edwards , @Darren Sager , @Brandon Turner, @Raymond B. Thank you for the tips and info! I will be creating keywords and I am a pro member now as well. I have started reading through the beginner guides and like what I'm reading!

@Victor N. , I'd be very interested in learning about rehabbing Keep me posted!

Thank you for all of the replies!

@Brandon Turner, that is a great question! I'm still learning about the different areas of real estate. I think to start, maybe pre foreclosures and lease options. Rehabbing and rental properties are also interesting to me.

@Brandon Turner

@Brandon Turner

@Brandon Turner

@Brandon Turner

Hello all,

My name is Andrew and I reside in CT. I would love to learn more about investing in real estate. Just looking for advice on where to start and looking to meet like-minded people. My goal is to start making making deals within a year. Any advice would be appreciated!