All Forum Posts by: Eddie Brady

@Jim Windgassen Hey Jim. I see no one has touched this question yet. Even if you get the seller to agree to removal, which is unlikely, you should expect they won't follow through. You would need to hire a removal service for them unless one is salvageable and can sell it. Expect to incur that cost.

@John Rooney

Hey John. It is worth the time, and cost, to form an LLC if your goal is liability protection. A DBA will not protect you from liability/lawsuits.

Like many areas in business, it's better to do it right the first time. There are different options for creating LLCs. You don't even need to form it in your state that you live or do business in. For example, I live in Maryland but have a SERIES LLC in Indiana. A series LLC allows you to designate multiple "series" LLCs underneath the master LLC, each with their own liabilities. I am doing BRRRR in Indianapolis, but can register my business in another state if I would like.

One important thing to keep in mind about creating an LLC out of state is that you need to pay a "Registered Agent" to forward important paperwork to you, such as judgments. You pay for an address and company for mail to go to. If you decide to live and do business in KY, then you can be your own registered agent.

@Joe Palmer

Hey Joe, I'm a buyer's agent in Maryland. I'm free to work with on the buyer's side. Sellers pay commission in MD. There's a lot involved a lot you dont have time to worry about in a real estate transaction. Message me if you want to go take a look at the property.

@Jerry Akop I just purchased in Indy as well. Good numbers if you find the right deal.

@Adam Knickelbein I agree with Derek. Do it.

@Patrick M. Simple answer. This is not a good rental. Either live there or sell

@Paul Cyrus any additional details?

@Timothy W Hanson Congrats on your first! That's the hardest step. Keep it up!

@Brian Caulfield to add on to what Steven said above me, the price is sold for in 2005 is in no way near accurate. Prices in that time frame were commonly inflated at an artificial level. I suggest working with a realtor who is investor friendly and will help you find true comparable properties. You want to look at similar homes sold in the last 6 months.

@Nicole Heasley get rid of it. These jeeps have JUNK transmissions during this year range. You will always have problems with it.