All Forum Posts by: Bjorn Ahlblad

I would only offer seller finance if I get a hefty DP. Otherwise it is too risky.

I wait till the tenants are gone. Remodeling with tenants in the apartment is bad for everybody. All the best!

In my opinion you will still need a CPA even if you have an accountant. 10-20 doors does not have to be a lot of work and when you get into many more doors you can always revisit the situation then. Just my thoughts.

A while back I was selling a house and we needed an appraisal. Guy came in, walked around and took notes. Then he came over to me asked if I was the owner and said  "nice house, you looking for a high number or a low one"? He continued......."if it is a divorce and you are buying her out you want a low number and if it is for a sale you want a high number"............No kidding! Appraisal indeed.

@Corey Meyer I'm not there and advice is cheap. I personally would stay out of this entirely, I'm the landlord and nothing more. All the best!

The LLC will need to have an EIN, surprised it does not have one already. TIN is a number used by the IRS for folks who do not have an SSN.

This is a good time for you to hire an accountant BTW..........He said with a smile.🤓

We have an EIN-not TIN, for the LLC and that number came with the creation of the LLC. You should have a separate bank account and CC's for the LLC.

TIN is an IRS ID number. You should have a Board meeting with minutes authorizing the bank account opening. All the best!

Insurance can vary a lot. depending on location and age. This quote is very reasonable. IMO

You are competing with bidders who most likely want the property as a home, not rental. An ideal rental for me is one I like, I don't need to love it. As a rental tenants won't always take the best care and I don't want to be disappointed when there are holes in the wall-and there will be.

You my friend, might be too much in love-so don't bid like a lover. All the best! How it rents in the future, the future will decide.

 I would and I have.