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26 June 2024 | 11 replies
Frank Bridges… you are the MAN!
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23 June 2024 | 1 reply
Borrowers will need to provide Articles of Incorporation and breakdown of ownership. - Closing duration of multi plex mortgage loans is typically 45-60 days and more complex transactions can take up to 90.
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23 June 2024 | 6 replies
Hey man, I am a starting investor in the Triad area as well and am also looking for meetups or connections, so let me know if you found any good ones!
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25 June 2024 | 35 replies
He moved to Las Vegas and did pretty good as a real estate man and moved back to Granbury Texas (about an hour from Dallas) where his brother lived.I would not to make such a decision but you have to do what is legal or only accept verifiable employment because you just do not know the liability you are under.
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21 June 2024 | 12 replies
Most likely, yes, especially if you have a clause in your lease stating that the written agreement reflects the latest understanding of the parties as to the rights and obligations and that no other promises or statements shall be incorporated to the lease (a preeminence clause).
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23 June 2024 | 105 replies
Heck, you can live in Delaware or Nevada, have a LLC in those states, then like most investors have a investment property in lets say California where you are sued, and the courts will not care what type of LLC you are or where you are incorporated, or the state you live in.
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21 June 2024 | 11 replies
Its not advisable to hold real property in corporations, and S Corp are more corporate-like.Just stay with the default partnership and deal with the 1065 and K-1.More importantly, discuss with a qualified professional or two.
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22 June 2024 | 14 replies
The second thing is to find a great local handy man you trust for minor repairs.
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20 June 2024 | 7 replies
It's so simple, anyone can pull it off, and many of my clients are first time investors employing the exact same strategy.I think you already have it pretty much figured out, but I might suggest incorporating some kind of creative housing in the mix to increase revenue, like STR/MTR or renting by the bedroom.