All Forum Posts by: Steve Racicot

@Zachary Busekrus  This is what I would do.  Pay off any debts.   Invest 50% of the remaining in  the "market" (funds, ETFS, bonds, etc.)  

@Christopher Blanco You might also want to look at a health share ministry like Liberty Health Share.

@Nima Lama Not likely.   It has been several months.  But you can always ask the Real Estate Agent.  They would be more familiar with the particulars of the transaction. 

@Jack Harrington It may be best to have the Multi Managed by a Property Manager.   

@juan Roasdo   Sounds like you are using the wrong calculator.    

If you think you pay to much in property taxes than you should sell your home and move where property taxes are lower. 

If you have a mortgage in your name, the bank is not likely going to allow you to put the mortgage in the LLCs name.  

@Chris Koch Attend one of the local REIA meetings or Look for someone in your local area that you trust and see if they could borrow the small funds and pay you interest... Most RE Investors and Developers need money... Just be sure you trust them and you have the proper documents.

I have lent out the small amount I had to a developer, as private money or invested in various crowdfunding sites.

I would look at what other fees they charge outside of their monthly management fee. For Example, check writing fee, bank fees, cleaning fees, landscaping, snow removal, etc.  Also,  Are they going to Rent the units for you by putting a tenant when vacant.?