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17 August 2016 | 7 replies
Owning property as an LLC is usually to shield you but since most crowdfunding deals are already LLC you are already covered unless of course you're trying to add more layers of obscurity so more difficult to trace back to you for whatever reason ;).
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24 November 2016 | 52 replies
Or 34 sounds like a lot but once you're deep in the game you realize you need way more than that to retireMy expectation is (outside of obvious road blocks) approximately 30-40 units at hopefully 2-300 cashflow per unit would get me to a comfortable position in covering expenses (assuming that number is different for all people).
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18 August 2016 | 10 replies
Unfortunately since my LLC owns part of the property they consider it commercial and won't cover.
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29 June 2021 | 12 replies
I've not seen any special provisions either.That question would seem to have an issue in fair housing, also if that student were also a covered applicant type leading the claim further.
20 April 2017 | 23 replies
@Andrew Michael I see what you mean about 0 money down seeming like a scam- but taking a profit on the back end actually aligns them with the investors success and allows them to cover their risk that way.
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5 September 2016 | 29 replies
Basically, you can purchase the property and an escrow account is set up to cover the renovation.
20 August 2016 | 5 replies
The place turns out is not up to code, the tenant was never screened, and there's no occupancy permit.
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27 August 2016 | 27 replies
(screen shot saved and to be read over and over until this sinks into my head).
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30 December 2020 | 15 replies
I don't buy properties that require an HOA and the utilities are always covered by the tenant.So if I have a market that has 3B/@B homes for $100K the 1% figure I like to apply only tells me that the rent needs to be around $1000/month.When I find properties that fit that criterium, all the other important aspects start coming into play, but all the properties that don't meet the 1% are out.These other criteria include things like the quality of the schools, the distance to restaurants and shopping, the crime rate in the area, the stability of tenants, meaning how long are typical lease agreement.
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3 September 2016 | 16 replies
I do it just to make sure I have covered by own A*@Good luck!!