All Forum Posts by: Ryan Mellon

Putting it on the MLS with an agent lol.

Thanks for the talking points. How long do you give yourself to close if you are putting it on the MLS?

For those of you that have gotten a property under contract and placed it on the market for maximum exposure. What was the conversation that you had with the buyer to get them to go along with it? If you haven't placed a wholesale on the MLS, dont respond, if it's not legal in your state, dont respond, it's legal in my state, thanks!

Thanks everyone for your feedback.

Thanks for the info Patti!

I am new to renting out to section 8 tenants.  My typical requirement and policy for income is 3x rent a month for regular tenants.  My question is, if I start taking applications from tenants that have section 8 vouchers what would my minimum income requirement be if they are getting almost all the rent paid by the government? 

I believe it is a land trust.

In late 2017 I bought a rental property in a trust and the beneficiary is a LLC that I own. How do I file income and expenses on my tax return for this? This rental has had a few partial rent payments and some major expenses for repairs that I have paid out of the LLC. Do I need to file expenses and income for the trust, the LLC or both?

Thanks @Mitch Messer for the info. I will reach out to my REIA.

Hey guys,

I want to sell a house of mine with owner financing.  Are there any companies out there that will do the background check, verify income and make sure that the buyer is qualified for me ?  I know that I could probably manage this myself but would rather shift this task to a professional.  I think this might help reduce any liability if for some reason a buyer tries to come back later saying that they could not afford the property that I sold them (dodd-frank).