All Forum Posts by: Steve Chenoweth

I checked out some of the resources from the “RE Law and public records” section. I think it’s helpful, but I’m also trying to research some different aspects of an area; updated rent records, RE sales history, market values, property taxes (local/state/federal), crime rates, etc., anything important about the area in which I might make a purchase. I feel that a decent amount of research of the area(s) can maximize my potential for profit.
Can you find any of this info online or are some of these documents going to be physical copies at the township/county offices? If anybody can point me in the right direction I would really appreciate it.

Is it normal for a smaller local bank/institution to be more willing than a larger bank to show their REO list to a possible buyer? This is what I've heard in the past. I guess I would like to hear any experiences that people have had with buying REOs from smaller banks. (eg, how long does it usually take, how much of a headache is it to deal with bank managers, etc)

Very helpful! Thanks a lot!

I'm just ending college in May, and my friend and I are looking to buy our first investment house in a partnership within the next year. Before we do that, I want to be protected from as much liability as possible and reap any tax benefits from having a corporation. I thought of two ways to structure our partnership; creating either an LLC or S-Corp with a 50-50 share of interest between us, or creating an LP with both of us as equal limited partners and either an LLC or S-Corp as the general partner.
Now from anyone who has experience in holding their RE (in this case probably single family) in a corporate entity, what is the most practical method of setting up this structure in order to get both tax benefits (preferably pass-through), protection from liability, and as little trouble as possible if it ever had to dissolve?
And are there different methods for different kinds of RE?

Hi everybody, my name's Steve. I've actually been on this forum for a little while now but I finally updated my profile today. I've been studying up on RE investing for the past couple of years now, and I'm almost done college, so as of this summer I'm ready to get serious about looking around for my first property.
I'm interested in buy-and-hold, probably want to start off with single families to get some good experience with finding financing and management, and interpreting financial statements. Then I would like to graduate to commercial RE and self-storage facilities.
I'm just using this site to network and build my knowledge from some of the ideas discussed in these forums. I see a lot of experienced investors posting in this forum and I will take all the advice I can get. Thanks and happy hunting!

thanks for all this great advice! ill be sure to put it to good use

Hey everybody,

My name's Steve, I'm a 20 year old college student from Philadelphia, full time, and for the past year or so I've been reading stuff on real estate investing, mainly buy and hold material. I really don't have much capital to invest as of now, so I've been looking into a number of no money down techniques. I was wondering if anybody had any advice for me about any of the following subjects: buy and hold, foreclosures, rehabbing/flipping, nothing down, mobile homes, tax benefits, management techniques, cash flow, or anything else.

I want to get a really big jump on this industry because I know it holds a lot of potential for success. I am very serious about this industry, and I assume many of you are, and I'm certainly not in it for the short term. And as a college student, it's very difficult to invest, because I don't have a full time job or a whole lot of savings. I'm looking for as much help as I can find on getting started within the next year. If anybody would care to post on this thread, or link me to any previous posts, I would very much appreciate your feedback. Thank you for taking the time to read my thread!

Steve C.

PS - this forum is awesome, i'm glad i found it