All Forum Posts by: Yacoub Shack

@Brad Hammond so your saying it really doesn’t have a time limit long as I have the money for the down payment? Also you are saying make sure I have the 1st one rented out before I close so I don’t have to worry about the mortgage?

I’m about to buy my 1st property with a FHO loan how long would I have to wait to get another property or what are the steps ?

Are section 8 or HUD housing a good idea ? What are the pros and cons and requirements. Any advice can help.

How much does it cost to have a real estate LLC in FLORIDA and what is annual cost. Also what are the pros and cons of having one in FL.

@Kathryn Curry-Robinson thanks should I buy my 1st property under a LLC?

@Nathan G. Thanks for the explanation. Do I need a certain type of LLC and how do I use to to apply for a loan.

@Kevin Sobilo thanks that answered a lot of my questions. Can you explain principal and how do I pay it down faster.

Hi looking to getting my 1st property. I’m trying to understand how long should my loan term be I have been pre-approved for 30-yr loan but don’t really understand how it will make money. I know to make sure the rent covers the mortgage and try to get cash flow on that but with that being said I won’t really make any money into the 30yrs up. Help me understand where I’m wrong or what I should be doing.

What's the point of having a LLC when buying a rental property?