All Forum Posts by: Steven N Nelson

You have to be on the pro version, but I'm not sure if you heard of the property insights, which may or may not help you.  It's under the tools bar

You could get your real estate license which will give you access to MLS and in doing this you could meet all kinds of people in real estate industry but having a real estate license my self which is on hold in Louisiana I would suggest not going down that path unless you actually want to be a real estate agent. Being a hairstylist I am sure you are probably a social person, so all these people you would meet you can still meet by networking. Join some local groups for business or real estate investing or you can do what they say on here and start building your team by reaching out to lenders, property managers, and real estate agents that work with investors. The key is time and networking.

Thanks Matt, you seem to understand more and yes I am so with the clear simple explanation

I'm a newbie, I believe there is some podcasts about mobile home park investing.  I could be wrong but it seemed like it was better for them to just rent the spaces out and let people bring their own mobile homes in.  Just at least set standards as to age of mobile homes they bring in.  As old as that mobile home is, I don't believe it is worth fixing up.  Go under education tab and Bigger Pockets real estate podcast and do search for mobile home park investing.  May help give you some answers.

You can purchase up to a four unit property with an FHA for as little as 3.5% down. If the property you find happens to have renters FHA will count the income to help you get the property. Just some things to think about. If you are going to continue real estate investing I would save up your money while you are in college by buying a multi unit property preferably with some renters already occupying units on the property.

Another thought to main topic is depending on if you are getting a duplex or something like that lender might of been hinting to what they call on here a house hack I believe.  Which is where you basically have a roommate or tenant renting out other unit to help pay for mortgage.

Let's just say she is not a vindictive ex and she does her part, is there any legal issues, tax issues, or any other issues that i might not be thinking about?

Newbie investor here looking for any flaws in a plan that came to mind.  My spouse and I have recently separated and she is looking for a better place to live but cannot afford down payment for loan.  I was thinking of buying a property as an investment property and renting it out to her. I know the property she is looking at she will be able to afford, will probably be less than rent and storage fees she is paying now.  I look at it as a buy and hold as she is just paying off the mortgage for me.  Anything I may not be thinking about as a downside to plan?

Conventional loan I believe is okay, but like Jon said putting the loan under the LLC rather than under your personal name would keep your own assets protected from any possible lawsuits. What he is saying about finding a bank is that some banks will not give you a loan under an LLC, only under your personal name so you have to dig to find one that will