Purchase price: $18,750 Cash invested: $15,000 Purchased old house frame on 1/2 acre, intending to improve it and sell it.

.💫 We work with rental propertyinvestors and I’m always trying to learn more so we can educate our clients.

Mold requires moisture and food (dust is enough).

If you are looking for loans on real estate or a business lenders don’t necessarily care about the credit history of the LLC - they care about the performance of the asset and your creditworthiness since you will most likely have to sign personally.I have established multiple LLCs just days before closing on large loans for different assets, those particular entities barely existed and the banks did not care.If you are talking about pulling a business line of credit (like a HELOC, but against your business equity) then the banks like to see some history of revenue.

And one other, and what brings me here, is hit and miss.I emailed this company, and the initial response only took 1 day to respond.

Hi Stevie,Oh yes, I’ve bought five old houses and learned a ton along the way!

People want and use them and if you don't have them, some folks will pass on booking. 

👀The NAR lawsuit has been settled, and here’s how it COULD affect you.

Next step - DON’T overlook key inspection items: sewer scope and radon testing.✅ Radon is a radioactive gas that is released from granite into the soil that is known to cause cancer, and can leach right into your home.✅ Any home built before 1980, likely has cast iron or clay sewer lines which will deteriorate over time.These issues can be avoided.

If you see someone violating the rules, create a post with "@moderators" and we will receive a notification and respond.Again, welcome to BiggerPockets and happy investing!