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Hey All, Thanks For A Great Place To Learn

Thanks Ryan. Very good information. Definitely working on the networking very successfully actually. I have picked up great leads from a NJ Networking group I attend (Network 2.0). Great information for free with a great spread for dinner and the contacts I have been making there have been top notch. I am looking to compliment my "in person" networking with the online as well. Look forward to seeing you on the forums.

Property Insurance

Thanks Tim.

I read your other post, and that explains the difference very well.

need a title company

GREAT I REALLY APPRECIATE THE REPLY ROBIN

Paying off properties vs buying more

I'm just about to write my first contract on an investment property-so take this with a grain of newbie salt-but my plan right now is to do a combination of what you are debating. I plan on leveraging up to 5-6 multifamilies (primarily 2 & 4 families) as fast as possible and then focusing on paying off loans. If you use your 1 @ $800 or 4 @ $200 example-think of the beginning when you are only making $200 on that property while you still have a mortgage. That's going to take a long time to pay down. Now if you leverage up to 4 @ $800 in the beginning, you're now going to be paying one of the loans off much faster and then things will really be smoking after the first loan is gone.

Should I start an LLC or incorporate

I purchased my first investment property in July 08. I want advice on starting an LLC or company for my own protection . I will appreciate any advice. Thanks

Trying to close on an REO

So, now we're at 4 weeks, still with not much information about when this will end. We have been in contact with as many people as we can to figure out what was going on (some of which we realize we are not suposed to contact) one of which being the title company and the lady there today mentioned that the bank was still waiting on a reply from Fannie Mae. Does anyone have any idea why this would be? We realize that they ensure loans, but we're not sure why they would need to respond this late in the game. Thank you for the responses they were very helpful.