Shayan Sameer
Advice Needed: HML vs. Business Loan or Credit for Fix & Flip Projects
9 January 2025 | 6 replies
Business loans typically won't let you purchase a property if you read the fine print.
Brice Alef-Torrisi
Managing finances between multiple properties
14 January 2025 | 7 replies
@Brice Alef-Torrisi putting each property in its own LLC is usually overkill.Getting a bank account for each LLC is typically something you need to do to avoid "piercing of the LLC corporate veil" (actually depends on tax selection you made for LLC), but is also overkill.You haven't indicated how you are holding the deed for the latest property.If in your name or same LLC, you don't need a separate bank account.If in separate LLC, you can create a Master LLC, have each property LLC hire the Master LLC to manage their affairs, and just get a bank account for Master LLC.This is an opinion, not advice, so lookup CPA Frank Alcini in Troy for expert advice.
Manuel Angeles
Eric Spofford Section 8 Course
7 January 2025 | 27 replies
S8 standard voucher amounts INCLUDE all utilities.
Sino U.
Seeking Advice - Multifamily Investment with Potential Short-Term Rental Strategy
1 January 2025 | 3 replies
STR management is 20-25% (I would recommend self managing or getting a VA), since income is higher you could probably get away with 5% for maintenance / cap ex but remember you need to cover utilities and cleaning for these units which drives up costs.
James Wise
Failed Leadership is why California is on fire.
18 January 2025 | 136 replies
I was doing some research yesterday, a typical wildfire generates radiant heat of about 1,500F and with high winds can reach up to 2000F.
Colin Frank
19 years old and ready to jump into the real estate investing game!
2 January 2025 | 4 replies
A good investor friendly agent typically does “driving for dollars,” from what I’ve heard, and they might have a direct line on off market properties.Eyes on the Future - At 19, you can stack up quite the portfolio over the next decade.
Juliet Silver
Best Lenders for Canadians to Purchase in Florida
27 December 2024 | 15 replies
Most lenders typically require a 30% downpayment.
Kendric Buford
Multifamily Newbie - Tips & Feedback (Out of state/Ohio)
1 January 2025 | 12 replies
@Kendric BufordRecommend you first figure out the property Class you want to invest in, THEN figure out the corresponding location to invest in.Property Class will typically dictate the Class of tenant you get, which greatly IMPACTS rental income stability and property maintenance/damage by tenants.If you apply Class A assumptions to a Class B or C purchase, your expectations won’t be met and it may be a financial disaster.If you buy/renovate a property in Class D area to Class A standards, what quality of tenant will you get?
Gavin Wynn
Utilities billing for duplex
30 November 2024 | 4 replies
Hi Gavin,This is fairly common, and it’s great that you’re thinking ahead about how to handle utilities responsibly.
Arshiya Taami
what are some well known firms that offer bridge loans?
27 December 2024 | 8 replies
Quote from @Arshiya Taami: Quote from @Brandon Croucier: You have 600,000 problems.Bridge lenders (HML) Want low LTV (65% Max Typically).