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All Forum Posts by: Yianni O'Hara

Yianni O'Hara has started 1 posts and replied 4 times.

Post: Newbie in Philadelphia

Yianni O'HaraPosted
  • Philadelphia, PA
  • Posts 4
  • Votes 3

@Dmitriy Fomichenko

Morning Dmitriy,

Thank you for the tip and I appreciate the warm welcome! Have a great weekend and perhaps we’ll connect soon.

Take care,

Yianni

Post: Newbie in Philadelphia

Yianni O'HaraPosted
  • Philadelphia, PA
  • Posts 4
  • Votes 3

@Alex Uman thanks for dropping a line and offering to connect. I definitely would like to chat at some point in the near future to learn more about what you do. The warm welcome is much appreciated and enjoy the weekend!

Thanks,

Yianni

Post: Newbie in Philadelphia

Yianni O'HaraPosted
  • Philadelphia, PA
  • Posts 4
  • Votes 3

Good morning BP, 

My name is Yianni, and I live in Philadelphia along with my wife and young family (baby and dog). I spend lots of time in South Jersey (work) so we are discussing possible investments there as well and researching various neighborhoods. I don't think I wrote and intro when I signed up for the site months ago, but I've decided to finally write one.

We are excited to start on our REI adventure and are spending our time currently reading, learning, saving, and hope to be ready to take action on a deal sometime later this year. We've gravitated towards the BRRRR strategy so we can end up with a cash flowing asset and recouping our initial investment to do it over again.

I have a background in the commercial cleaning/facilities maintenance industry where I currently am in a sales role, so I'm constantly trying to improve this part of my skillset. I'm coming to find that most of what we look at as success is just being able to help people and offer solutions to their problems, and I can see how REI follows that same pattern. I enjoy learning from and finding motivation in other people's stories and insights, and so the podcast is an awesome place for that (take a shot, I said awesome).

Anyway, wanted to just introduce myself and we're looking forward to being a part of the community. 

Have a great day everyone, thank you,

Yianni O'Hara

Post: Form an LLC for your first BRRRR property?

Yianni O'HaraPosted
  • Philadelphia, PA
  • Posts 4
  • Votes 3

Hi guys- newbie here, so have pity please. I figured I'd jump in as this is also concept I've been thinking about- to LLC or not. Excluding options like hard money or private lenders, are there certain types of banks or category of lenders that are not averse to lending to an LLC, or perhaps even focus in that area? If folks have experience or insight to share that would be helpful.


Jesus- thanks for getting this discussion going! Have you been in talks with banks/lenders and this is what you're hearing? 


Happy Thanksgiving as well!