All Forum Posts by: Fahadbin Alam

@David A. Could you house hack it?

So I bought a property for 59k cash now there is a tenant that lives in the property so I get rent from that. I'm also doing a rehab on the house and the tenant is fine with that.

Now what I'm confused about is when should I call the bank to refinance should I do it after I'm done rehabing or can I do it during?

Also can you get a refinance offer before you even buy the property? for example let's say I saw the property for 59k and I see the houses near it are like 90K becaue they have a extra bathroom. Now can I tell the bank "Hey I'm gonna add a bathroom, is possible to get refinanced?"

@Theresa Harris thank you Theresa

@Jay Hinrichs it’s my first property so i don’t know if it’s by mail or I can do online.

Hello Biggerpockets community I know this may be some stupid questions, but I feel like these basic questions will help me a lot.

1. Who do I pay the water/sewer bill to? Is the city? How can I give it to them?

2. How can I pay the taxes? The property I'm closing on is quaterly.

3. How do I pay for Insurance?

4. Is there a way I can make it automatic where it just takes off my checking account?

Hello Biggerpockets community I know this may be some stupid questions, but I feel like these basic questions will help me a lot.

1. Who do I pay the water/sewer bill to? Is the city? How can I give it to them?

2. How can I pay the taxes? The property I'm closing on is quaterly.

3. How do I pay for Insurance?

4. Is there a way I can make it automatic where it just takes off my checking account?

1. As a landlord do I always pay for the water/sewer bill?

2. Are there other bills I should be paying?

3. Correct me if I'm wrong but isn't it normal for the tenant to pay the bills?

1. How does a title company work?

2. Do they only have one job?

3. How can they help me as a investor?

4. What are some great questions to ask a title company to get more info?

5. Are there bad title companies?

1. Do I need to talk to a lawery about this or can I do it on my own like online? 

2. is there a cost to a LLC?

3. How does tax benefits work with an LLC? should I hold all my reciepts? and should I use a app?

4. How does paying yourself with an LLC work?

@Greg Scott is that the first contract that we both sign?