Once you have a contract to buy you have 30 days to close it, and your contract should be enforceable in court (that's another reason you should not do anything illegally, so that you can bring other party to court and enforce the term of the contract if they act in bad faith). 4.

*Keep a journal of my progress, and keep my REI journey in line and prioritized appropriately with my faith, my family, and my W2 job (Not planning to quit my day job any time soon).My goals for the rest of the year:*Keep doing the daily work*Continue to invest in education (Not spending $$$$ on the national gurus.

We do use Chase Bank for our property management company, we do NOT collect interest on the funds.

You can hire them to be your physical address and collect your mail.  

Communication has been a major issue, and I'm finding it difficult to get timely updates or clear answers from them.Given these challenges, I am losing faith in their ability to manage the property effectively and am seriously considering switching to a new property manager.Has anyone experienced similar issues?

When he went to draft up the contract he made it a Confessions of Judgement contravr in which I waive all my rights and if any of my "associates or friends" talked about him I'd have to pay half a million per offense, and he could easily claim a violation happened that never did to collect half a million dollars and I wouldn't be able to do anything about it.He consistently threatened me with legal action into trying to get me to accept that crazy contract.

What software/website do you use to collect rent biweekly?

and might be interested..These women have collectively have thousands of posts and votes on BP, decades of RE knowledge, hundreds of transactions, are awesome people to learn from, and in some cases, you'll get to know great folks!

Screening, applications, credit/background checks, rent payment collections, and maintenance records can be handled with a few clicks.Thank you @Wale Lawal for always providing some healthy discussions & insight.Have a great weekend!

You will need 20-25% down and a commercial loan for the rest.Most lenders will want to lend to an LLC with you personally guaranteeing the loan.Typically, each MFR would be purchased under its own LLC, for liability purposes.Each LLC would then also need its own bank accounts for collecting rents and paying expenses.