Chris Coltrin
I am wanting to pass on my interest rate and sell my home
1 April 2024 | 6 replies
does anyone have experience doing this?
Samme Chan
Quadplex in Cleveland - I need some real advice. Thanks!
1 April 2024 | 12 replies
If you have no experience managing 1 tenant adding three more into the mix isn't going to help.
Jon Leidgen
One LLC for multiple properties or individual LLC’s
3 April 2024 | 6 replies
That said I am not a lawyer haha, if you need referral let me know these are just my thoughts as an investor...Reflecting on my experience purchasing rental properties in 2015, where I had a diverse portfolio across Birmingham, Atlanta, and Indianapolis totaling 11 properties, I opted for a middle-ground approach in terms of protection.
Chelsea Allen
LLC formation and loan
30 March 2024 | 8 replies
Therefore, its your balance sheet/credit worthiness combined with the real estate (banks collateral) that will be considered in extending financing, not the LLC.
Stan Tallman
Seller threatening to break contract to put back on market (for more $)
2 April 2024 | 59 replies
With the would-be homeowner you're more likely to have a court force the sale.I'm guessing what @Jerel Ehlertis referring to in TX is based upon this doctrine.I particular, I'd be interested in reading a decision where the court ruled that if the plaintiff was going to move into the home, I'd order specific performance, but since the plaintiff is just a property speculator, I'll order a money judgement which, after spending more time and money, may or may not be collectable.Having actual experience litigating ownership over contracts and deeds, yes I'm that guy that lawyers love to bill big fees to.
Atlas Blake
Rookie Investor - Where To Start?
1 April 2024 | 14 replies
I'm currently exploring opportunities in both the Southern California and mid-east markets.Another consideration on my radar is the prospect of "Owner Occupying" my inaugural multifamily home in San Diego, with plans to expand my portfolio from there.I would greatly appreciate any advice or insights from those with experience in the field.
Jerome Thompson
First time home buyer
1 April 2024 | 5 replies
Hello community, I want to thanks each and everyone on this platform for sharing their experiences and ideas.
Daniel M.
Deciding Between ZenBusiness Packages and Local Attorney for LLC Formation
1 April 2024 | 2 replies
On the other, the local attorney, while more expensive upfront, could offer more tailored advice and peace of mind, knowing that a professional is handling everything.Please share your experiences, suggestions, and any questions you think I should be asking either ZenBusiness or a local attorney before making my decision.
Vivek Shrestha
Looking for a attorney for operating agreement finalization
1 April 2024 | 0 replies
Looking for someone who has experience on this matter, as we have more things to consult in future related to investing in Rental through LLC.
John Weiss
Indemnification Clause in PM Agreement
5 April 2024 | 43 replies
I am not sure how other will take this, however in my experience a property management company has an specific job for a very little portion of the pie, which means that they need to assure that they are not liable (of course, I wouldn't sign a contract when they are no liable even for their own error, that seems to be a red flag).You have to understand what is the service that a PM jobs, in here we were comparing with Verizon, but I agree that this is different, however you can compare it with an assitant or a fractional operation manager, as that is their main job to do, and that is the work that they are taking from your shoulders.Another thing to review is what happen when the property goes vacant, are they providing another listing contract or are this also included into the PM agreement?