All Forum Posts by: Brian Louderback

My wife and I formed an LLC to use for our new rental business. We just purchased our first rental a couple months ago and are just about done with all the renovations. So I called up the bank to see about doing a quit claim deed to put the house in the LLC's name and they said that we are not allowed to do that.

So now what? What is the purpose of my LLC now? I want the liability protection and the ability for tax write offs. Also we plan on purchasing more rental properties but this makes me feel uneasy about it all now...

Absolutely amazing transformation! I'm very impressed. Good luck with your future ventures. 

I just purchased my first rental property. We should be ready to put it up for rent in two weeks so I need to get prepared with any and all forms that I will need. Application, Lease, Addendum's, Etc....

I found a website online that seems to have all of these if you pay a fee, ezlandlordforms.com. They have state specific forms so it should work. I'm just wondering if there are any other resources available? Or if anyone has ever used that site?

The property is located in Florida if anyone has any specific local resources.

Thanks!

Thanks guys. The house will cashflow as it sits. But it's pretty bland right now as it sits. It's a 10yr old house with carpet downstairs, needs to be tile, basic white paint throughout the house and cheap formica countertops.

I already purchased new stainless appliances as i got an amazing deal on them. Lowes scratch and dent section is unbelievably good!

My way of thinking is if you're going to spend money then might as well spend a little more to make it a bit nicer. Hence resale.... Although we have no plans of selling anytime soon. But then again it's just a rental so why bother??? So i'm in a constant battle with myself going back and forth. lol

Hello just wanted to make a first post on this board. I've been lurking and reading for quite some time now.  I've learned a lot on here so far but still have a ways to go.

My wife and I just closed on our first investment property. It's a Fannie Mae SFH that we are going to make a rental. I'm in overload mode right now as i try to get quotes on all the work that i want to do to the house. New tile floor, paint inside/outside, landscaping, granite, ect.... I'm trying to get the house fixed up asap so i can put it on the market quick. But my worry is that I may be spending too much when it's not needed. My reasoning behind that though is resale value and also a quicker turn time to get it rented.

Anyways I look forward to learning more about real estate investment and being a landlord as it seems both fun and profitable!