Jecarl Viray
Advice in forming an out of state LLC
1 May 2019 | 20 replies
California charges a minimum tax of $800 a year per LLC, and more if you have gross receipts in excess of $250k.
Thomas J Williams
Tax Deed Redemption Period - Property Insurance
30 April 2019 | 2 replies
The excess of tax deed purchase cost over the net realizable FMV of the land2.
Angela Hollis
Seller Financing advice needed
21 November 2015 | 4 replies
We had to foreclose and evict, and we got the property back several months later, now excessively damaged.
Bob H.
What caused this? Termites? Carpenter ants?
23 November 2015 | 2 replies
@Bob Hucker, moisture appears to be the big issue... not uncommon on wood door jambs like that one... in my experiences, "sawdust" like that usually meant I would find carpenter ants.
Dallas Drake
New to rental investing.
30 November 2015 | 8 replies
It's usually good practice to be overly conservative and to retain excess capital for repairs etc, so I wouldn't go out and spend all of your cash at once.
Account Closed
Water Bubbles on New Concrete Floor
2 December 2015 | 9 replies
We removed the floor boards and found moisture coming up thru the concrete floor underneath.
Han Oh
Buying a 2nd lien note with owner in bankruptcy
5 December 2015 | 33 replies
After you do get it to the foreclosure sale, you're only entitled to what you're owed, not any excess.
Eric S.
Are carpet, paint and cleaning just costs of owning?
6 December 2015 | 30 replies
If it needs 2 coats, that's excessive and you can charge.
Mohammad Ashori
The ceiling in the bathroom has this funky looking bubble
8 December 2015 | 5 replies
The bathroom doesn't have a vent so it gets moisture building up.
Paul Williams
Deal Analysis
17 December 2015 | 12 replies
I prefer 30 year notes, allow cash to build up and pay down with excess cash.