All Forum Posts by: Sam Eknoian

Anyone have a good lender in Jackson TN?

Im putting 4 homes under contract and want to have one loan. Each home has a sales price of $35k and will not meet minimum loan requirement amount if done individually.

@Gustavo Orozco that is a good idea? I’ll have to do some research and see how much that would cost to build.

What is the easiest way to collect rent from an investment property an hour away from me an not close to my bank?

I recently got my offer accepted on a four-plex about an hour away from me. I usually have the renters take the rent to my bank and deposit it directly into my account but my bank is not located in the town I’m purchasing the four-plex. I looked online and found rentredi that seems it would get the job done. Any help would be greatly appreciated!

UPDATE: 

After back and forth negotiations I was able to get the price down by $15,000. Even with that one tenant not paying my monthly cash flow after everything is paid is $800. Once the tenant is out and I can get it rerented the cash flow will be $1,500 without raising rents:) Thanks for all the help everyone!!!!

Thanks, everyone for the advice!   @Nancy Tran @Jason Pritchard @Greg Scott @Andrew Syrios @Jason Wray

I’m purchasing a 4 plex in Fresno county, offer was accepted today. With that being said,I received a profit and loss on the property and noticed one estoppel showing one tenate hasn’t paid since April. Can I legally evict this tenate? I know recently governor Newsom put a stop on evictions. Is that still the case? Any help will be greatly appreciated!

Hello all,

I just closed escrow on my second rental property and plan to close on number three by the end of the year.

At what point should I form an LLC or Corporation ? What are the benefits?

@James Cox thank you!

@Barbie Steele thank you for your response, I agree completely.

@Johnny Keller thank you for you Insight Johnny. Your right those kind of number are hard to find in CA. This one seems like a winner I just need to do a little more due Diligence.