All Forum Posts by: Tony Zhang

Hello,

I have a property for rent and has few applicants that submitted the application and been approved, but they never paid for the reservation fee (security deposit). Is there any reason why they not paying to moving forward?

Hi Where does anyone open their business bank checking account for your real estate business/LLC? Any recommendation?

I want to do the refinancing for one of my property, I purchased it a year ago for $220k with mortgage around 150k, now its market value is around $300-$320k. If I do the cash-out refinance, I will get at least $80k. What can I do with this money to maximize my return of the cash-out? Should I use this money to purchase a new property with all cash offer of $80k or using this 80k as a down payment to purchase a larger property such as a multiple family or commercial property?

I want to do the refinancing for one of my property, I purchased it a year ago for $220k with mortgage around 150k, now its market value is around $300-$320k. If I do the cash-out refinance, I will get at least $80k. What can I do with this money to maximize my return of the cash-out? Should I use this money to purchase a new property with all cash offer of $80k or using this 80k as a down payment to purchase a larger property such as a multiple family or commercial property?

why do you use the local attorney to form your LLC? have you consider to use the online LLC formation service such as Zenbusiness, incfile or legalzoom?

Hi @Will Fraser which state are you forming your LLC? I'm trying to form a Wyoming LLC, do you have any recommendation attorney for Wyoming LLC?

Hi, What LLC formation service do you use to form your LLC and continue to use their registered agent? Any recommendation?

I do see there's lot of interested on the property from the their weekly stats report, and few applications but not much of completed application. That's why I'm thinking maybe they're screening tenant very strict. Is there anything that I can do to rent out quickly?

Hi Follow investor/landlord,

I have a duplex for rent, one unit has been occupied, other unit is vacant and has listed on market for 3 months but still haven't rent out. My property manager is keeping asking to lower the rent from $1000 per month to $950 and now she asked to lower it again to $900 with $500 off first month. I searched online and see other properties near ours are rent for around $1200. Maybe this listing agent is more restrict to screening the applicant and I'm thinking to get this property to other listing agent who can help me get it rent out quickly or Should I accept her suggestion to lower the rent?

Hello Kerry, Can you share your list of lenders that do HELOC for properties hold on LLC?

Thanks