Matt N.
Distributions or Not from LLC and strategies??
I formed a partnership with an investor and we have $300k sitting in the operating account. Rather than paying a property manager a $1,000 fee to place our tenants in the property, I am doing that and partner told me ...
Ahsan Faheem
Seller doesn't want to sell to LLC
Me and my friend/contractor put a all cash offer to buy my neighbor's house in Los Angeles. I created a LLC for which me and my friend are 50% owners. We have a proper operating agreement. provided proof of funds and ...
Steve Brown
Dodd Frank re: lease option monthy credits
I have seen many posts warning not to get involved in monthly option credits in view of Dodd Frank Act. I have downloaded the entire act and would like someone to direct to that section that deals with monthly leas...
Saran Mandhadapu
How to setup parent and subsidiary business bank accounts?
Hi,I have formed a holding/parent LLC company and a subsidiary/operating LLC company which is 100% owned by the holding/parent LLC. The idea is to buy rental property in the name of the subsidiary/operating LLC.I was...
Jason Schatz
1st potential partnership - basics
Hi All -My wife and I have purchased, rehabbed and rented out 4 duplexes in the past but did so as either owner-occupied or by funding the deposit ourselves. As we are looking to expand our real estate business, I hav...
Michelle R.
NNN Lease - handling repairs for tenants
We just closed last week on a neighborhood shopping center. We have 16 tenants at the moment and the center has 30% vacancy.There was a heavy rain the other day and water came in through a tenant's back door frame. A ...
Silver HIll
Fighting: recorded contract that was cancelled prior to recorded
Hello, I was under in a sales contract for my property, however the seller and buyer could not agree on all of the terms and conditions after many attempts.
There was an error in the contract for HOA Fees (98 dollars...
Brian Sanchez
title insurance for rehab costs from private lender?
Hey BP:
I am about ready to close in the next week on another property in Indiana. It is an all-cash purchase. However, I have a partner who is willing to cover the rehab costs of 40K. I have the promissory note w...
Sam Yin
Creative Multifamily Purchase
Hello BP Community. This is the first time I started a thread. I have been lurking on the forum for about almost a year, reading, learning, and posting a few opinions. Now I need yours.Background:I dabbled in REI for...
Matt Jamieson
Michigan Property 2
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $52,500
What made you interested in investing in this type of deal?
My wife and I were moving back to Michig...