All Forum Posts by: Andrew Syrios

Welcome to BP Shanice and good luck investing!

Happy Birthday! 

Now, uhh, where's the party gonna be at? 

 The biggest issue with LLC's is that you can get the Fannie loans to them (up to 10). Other than that and the costs, which are usually small, I think they are generally the best way to go about things because of liability reasons and for keeping your business separate IF you intend to buy a good number of properties. If it's just a few, I would probably avoid an entity, but if you really plan to make a business out of it, I would go the LLC route (but if you go without an entity, don't skimp on insurance). And of course, I'm not an attorney and you should probably talk it over with one.

Welcome to BP Benny and best of luck!

I believe they do have one: https://www.biggerpockets.com/files/user/REISkills/file/rental-agreement---pro-landlord. Although, you should obviously check that against your state laws and have a lawyer look it over.

Welcome to BiggerPockets Tevis and good luck investing!

Our private loans usually come at between 7-10% (9% is most common) and no points (occasionally 1). We do almost only buy and hold, and hard money is simply too expensive for that. I would say, in general, private money is almost always better IF you can get it. That's the hard part about private money, finding private lenders willing to lend to you. 

Very impressive, well done!

It's not that accurate. From my understanding, when ever you give your number to get the comps, it will list that as a comp, so it's hard to say if the properties you are comparing to are even accurate. It's a good first place to check, but that's it. The best, I think, is to go to craigslist and use the map feature and see what things nearby are renting for.  

Welcome to BiggerPockets Craig and good luck investing!