All Forum Posts by: Vincent C Riccio

For someone starting out, does it makes sense to LLC or Inc. your first investment or do you wait till you have multiple? Looking to secure my first investment property (small multi-fan, 2-4units) and hold for long term/cash flow.

has anyone successfully disputed tax assessment and had taxes lowered in CT? Bridgeport?

Listening to the BP 50% rule (50% of Rent Roll goes to expenses, remaining 50% is your income minus mortgage) I realize the point being emphasized around cash flow and evaluating properties. I am wondering from experienced investors, is 50% what you figure or do you have a different gauge? My take is some metro markets (NY, NJ, CT) are so expensive and have MF properties selling over 10X the annual rent roll that it will require large down payments.