
21 May 2021 | 20 replies
Just get rid of him and find a qualified renter to replace him.When more than one renter occupies, they are under "joint and several liability" which means each individual is 100% responsible for the terms of the lease.

8 June 2021 | 45 replies
And all the lenders that said they could do the loans individually for each house, then said they couldn't do it because they're residential properties in an LLCs name.

19 May 2021 | 5 replies
I mention #2 because most hard money lenders will require you to take title as an entity and not an individual.

19 May 2021 | 3 replies
Advantages: you can scale, the building qualifies for the loan, numbers work better, the building is treated as a business and valued by the NOI instead of being valued by the comparable in the area.Disadvantages/Things you need to be aware of: If you have never done a commercial deal before usually a little harder to get financing so I would talk with a loan broker instead of going to individual banks.

20 May 2021 | 3 replies
Some of that it seems that it is left to individual lenders to determine but I have another conversation coming up with a separate lender that hopefully they can shed some light onto it some more.

20 May 2021 | 4 replies
Note those that are owned by individuals versus entities.

20 May 2021 | 1 reply
Here's an article explaining submetering: https://flowritemetering.com/w...Installing individual city meters can get expensive, for you and the tenants.

20 May 2021 | 7 replies
With quickbooks you can attach any expenses to the individual door.

27 May 2021 | 1 reply
The only reason why I think it is working is because both tenants are serious hardworking individuals who love to work overtime.I have a 3rd bedroom available but am very hesitant to rent it out.

21 May 2021 | 4 replies
I'll be reaching out individually.