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4 February 2025 | 7 replies
In those cases, the title company guided us on the necessary steps to resolve the title issues, and we did whatever was required to close the deal.
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6 February 2025 | 19 replies
Hard money would be the easiest and most common route to fund the purchase/rehab.
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30 January 2025 | 6 replies
You could also use "Doug's LLC and/or assigns" where Doug's LLC is your hypothetical company.As for the assignment contract, you can get one from an attorney for probably less than $1,000, you can also make a friend at a title company, they probably have a template they could give you.
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24 January 2025 | 12 replies
I am pissed at the company and in search for a decent management company at this point.
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3 January 2025 | 4 replies
My wife and I also own the only interior design company specifically for real estate investors, Ivory Home.
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19 January 2025 | 5 replies
House was purchased August 2024 6k sq ft 9 bedroom distressed home for 66k ARV around 330k in the middle of renovations all of the sudden the bank accounts are frozen and we now have no funds to finish renovation.
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6 February 2025 | 6 replies
I ended up having to get a state fund work comp policy for $5000 which I think is the minimum amount regardless of scope.
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20 January 2025 | 5 replies
Instead, consider a HELOC or home equity loan to fund repairs, as the interest may be deductible if used for home improvements.This post does not create a CPA-Client relationship.
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30 January 2025 | 7 replies
Hello everyone, I am reaching out to the BP Community for suggestions.My Portfolio100% owner of 7 SFH PropertiesGP in about 30 SFH properties(of which I own somewhere between 25% to 50%)All but two properties are managed by a PM CompanyNet worth of the above is about $2,000,000 - $2,500,000My IssuesI have many SFH's - Which take up time(Currently spending time paying property tax and insurance, requesting quotes on insurance policies and overseeing the PM Company(approve rent increases, approve renovation projects, etc).They also take up head-space(having to remember property addresses, remembering when property taxes are due)(I have reminders/systems but something I would like to reduce)Goals1) Spend less time on Real Estate2) Free up head-space2) Make $240,000 annually from real estate(Which I think is not to hard if I can increase my net worth and can get an 8% return)Possible Solutions1) Sell all the SFH's and buy 4-Unit Properties to take advantage of conventional financing2) Sell all the SFH's and buy one large apartment complex3) Sell al the SFH's and invest in syndications4) Sell all the SFH's and purchase stock / bonds5) Continue to hold all the SFH's6) Any other suggestionsOther Considations1) Should I consider private notes?
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11 February 2025 | 13 replies
If you grow quickly or get too busy, you’ll have the funds in place to offload management without stress.5.Hire specialists, not “do-it-all” handymen.