All Forum Posts by: Jonathan Perez

Anybody know any good attorneys in Columbia SC?

I have now ran into a couple of potential multifamily properties that I'm pretty excited about and I asked my father if he wanted to partner up and form an LLC. He agreed to. So now I'm waiting till Monday so that I can call and speak to someone that can hopefully walk me through the process. Does anyone have any recommendations on what I should consider while forming this LLC? Like, is there anything I should be mindful about or decide before doing this? Thanks in advance.

Welcome from West columbia, SC as well. This thing is gold man. You've been blessed. Wish you well

What do you guys think about using a 203k loan to rehab a flood damaged duplex that I plan to house hack/ possibly live-in-flip it. I hope that made sense. Or is that even an option?

Lol, what @Russell Brazil said. 

Welcome to the site John. I from the West Columbia, SC area. Biggerpockets is gold. Definitely check out the podcasts, and REIA groups nearby. Wish you well.

I love this post. Thank you so much for sharing. I am in the midst of searching for my first rental property and I am very nervous. This post gave me some courage though. Glad to hear you're taking real action. Now it's my turn ;) 

I was thinking maybe raising the rents to $525. How do you go about it? And how do you know whether you can do that or not?

Thanks for responding. But yeah, I'm waiting on the agent to send me those numbers.

So, I happened to drive by this 4 plex I thought I might've been interested a couple months ago. There was a sign still up. I called the number to ask about it. The agent told me it was under contract but that the two 4 plexus across the street were about to be up soon both for 150k a piece. I told him I was interested... I went ahead and called the lender I spoke to last and I got pre approved for 150k, FHA 3.75% interest at 30yr fixed. I want to make sure that this property is a good deal so I want to start analyzing it to see what it's worth to me. I know that the asking price is 150k. I know that all four units are occupied at $495 a month. I know that there isn't central air conditioning (or whatever it's called), they have the window air conditioners in each unit. I'm going to now find out what school district it's in and I'm going to call the police department to find out the crime rates in the area. What else would you guys recommend I research?