All Forum Posts by: Emily Hill

I own 1 rental property and do not have an LLC. I live in CA and there are hefty yearly fees for an LLC here. I would barely cash flow my first year if I would've created an LLC. I'm hoping to create an LLC later down the road when I have 3 or 4 properties under my belt. For now, I have an umbrella insurance policy on my rental.

Have you thought about rolling the down payment into the loan? I’ve never done this but have heard of people doing this.

I’m not an attorney so please don’t take this as legal advice...

It depends on the state. BUT I would think that both are on the hook for the lease regardless of the restraining order? They both signed the contract.

BUT I’ve also heard that if someone is a victim of domestic violence, then there are ways to break the lease.

I’d consult with a local real estate attorney. There are plenty on here :)

Hope everything works out and good luck!

Hi Taylor!

Yes I’d like to buy a duplex in the Midwest before the year is over with. Specifically Missouri and Tennessee. I’m open to other states as well! As long as the numbers look good and the property is in a decent area, I’m game! 

Idk why it’s not letting me tag certain people in this post. TJ, read my response to Scott. Yes I will never buy any properties in my home state, too many laws and regulations. Great idea on purchasing a list, I’ll need to look into that!

Hey @Scott Rogers ! You are lucky you got out of CA! Gov Newsom is signing laws like it’s going out of style! He just signed a law that requires all landlords in CA must accept section 8 vouchers. Put a 5% cap on increasing rents. I will never buy any rentals here in CA, too tenant friendly. Even SE Fresno properties are going for 180k-200k at least which is wild considering that area is gangland. Please feel free to send me any properties I might be interested in :)

@Chris Seveney Awesome, thank you! I’ll check them out!

Hi BP community!

I am looking for a duplex or multi family under 75k that provides seller financing.

No I do not need a realtor, lender or wholesaler.

Just looking for someone that is ready to sell but is willing to work with me on the down payment and terms. Preferably I am looking for a property that is in rent ready condition or needs less than 5k in work. 

I know these deals are hard to find but thought I’d put it out there on BP! 

Thanks for your time in advance!

I found the owners. The owner actually has his own real estate firm. Interesting considering the situation...

I will give him a call tomorrow and see what happens. Thanks for the help!

@Bryan Hi Bryan! Not sure if I will get in trouble for saying this but I’m not a huge sports fan...I know I know. 

BUT I am a Derek Carr fan! We attended Fresno State at the same time, go Bulldogs! 

I think I might try typing it into Property radar first and see what I find! Thank you.

@Bryan S.