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Oct 23, 2014
10:37
:32
am
donnerstag
Try forming a REIT
of course, that may be a bit too complex for what you are contemplating.
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donnerstag
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donnerstag
Joined
Feb 22, 2005
Last login
May 5, 2024
Total posts
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Messages
Author
Time
A question about purchasing investment properties, for real estate & finance
IrishBlue
10/23/14 10:31am
sounds like a good way to ruin a lot of neighborhood friendships
BYUCoug11
10/23/14 10:34am
Perhaps. Perhaps not.
IrishBlue
10/23/14 10:37am
You'll likely need the loans to be in your name(s).
mulletino
10/23/14 10:34am
Thats what I suspected might be the case.
IrishBlue
10/23/14 10:37am
Your sig pic seems appropriate for this proposal.
kccougar
10/23/14 10:36am
Try forming a REIT
donnerstag
10/23/14 10:37am
Find some partners with money.
dratax
10/23/14 10:40am
Potentially that many.
IrishBlue
10/23/14 10:51am
Check into self directed IRAs
Hoosier Cougar
10/23/14 11:45am
Just follow what everyone else is doing, rent your house out and move to a new
agentbb007
10/23/14 10:41am
^^^^ Just let it go
Solomon Levi
10/23/14 10:48am
If the LLC is the borrower with no prior credit history or assets, the members
mncougar
10/23/14 10:41am
The lender will want recourse if payments aren't made
donnerstag
10/23/14 10:45am
You can form an LLC, which is what I would do, but you are going
RalphWiggam
10/23/14 10:44am
I'm not entirely sure what your goals are, and that's a problem
Linescratcher
10/23/14 10:44am
The goal is to stem the encroachment of student rentals in the neighborhood.
IrishBlue
10/23/14 11:01am
investment properties typically require a lot more than if you were to buy
IndependentGeorge
10/23/14 10:58am
Sounds like you should move to a subdivision with an HOA.
SanFran
10/23/14 11:03am
No, we are not that anal. You would have to live in the neighborhood to
IrishBlue
10/23/14 11:04am
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