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27 February 2021 | 17 replies
There's lot of people giving advice on how LLCs and tax issues function in the real world despite having no background or qualifications to actually give this advice.
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15 February 2021 | 36 replies
I think there is a some considerable blue ocean in the 15-80 unit space for investors who function as operators and are willing to embrace the pain of being quite active.
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15 February 2021 | 24 replies
The good ones have a 50% rule comparison function.
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24 June 2022 | 8 replies
They are higher income renters with credit scores over 650 and six figure combined incomes.
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22 April 2021 | 2 replies
Initially I had considered using this property as a rental, which it is still viable for since I am getting a great deal, but after doing calculations and seeing that my monthly taxes were higher than my principal, interest, and insurance combined, I want to reconsider making it a flip.I am originally from Lancaster, PA and have family and friends there, but I live in Erie PA and will have to manage the project from afar.I am looking for strong recommendations for general contractors in Lancaster, someone who is accustomed to working with investors/flippers and can work with minimal supervision.Project is a 3 story connected row home, brick, built ~1900I want to:Replace roofRemodel kitchenIncrease size of 1st floor bathroom some (I can barely turn around inside)Repair/replace interior doors which are damaged.Refinish or possibly replace all exterior windowsLVP floors in homeHang drywall/sheetrock over damaged plasterUpdate electrical/wiring (potentially knob-and-tube)Remodel 2nd floor bathroom.Consult adding potentially master bathroom (adjacent to 2nd floor bath)Paint interior/exterior (exterior has chipping paint, likely lead).Any other maintenance or problem issues discovered along the way.Please reply or message me with any information you have.Thank you very much!!
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7 April 2021 | 15 replies
In reference to @Peter Walther post about foreclosure, the following is copy & pasted directly from the State Bar of Wisconsin Form 11-2003 Land Contract:"Purchaser agrees that in the event of a default in the payment of principal or interest which continues for a period ofdays following the due date or a default in performance of any other obligation of Purchaser which continuesfor a period of days following written notice thereof by Vendor (delivered personally or mailed by certifiedmail), the entire outstanding balance under this contract shall become immediately due and payable at Vendor's optionand without notice (which Purchaser hereby waives), and Vendor may singly, alternatively or in combination: (i)terminate this Contract and either recover the Property through strict foreclosure or have the Property sold by foreclosuresale; in either event, with a period of redemption, in the court's discretion, to be conditioned on full payment of the entireoutstanding balance, with interest thereon from the date of default and other amounts due hereunder (failing which allamounts previously paid by Purchaser shall be forfeited as liquidated damages for failure to fulfill this Contract and asrental for the Property); (ii) sue for specific performance of this Contract; (iii) sue for the unpaid purchase price or anyportion thereof; (iv) declare this Contract at an end and remove this Contract as a cloud on title in a quiet-title action if theequitable interest of Purchaser is insignificant; (v) have Purchaser ejected from possession of the Property and have areceiver appointed to collect any rents, issues or profits; or (vi) pursue any other remedy available in law or equity.
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9 April 2021 | 4 replies
@Jake EngleDo you have any consultant companies that could perform this function for you?
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12 April 2021 | 21 replies
I'm exploring all-in-one systems or best in class smaller systems to combine into management workflows.
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15 April 2021 | 6 replies
That mortgage payment constitutes around 26% of our combined income.
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28 June 2021 | 18 replies
He combined the two into one because the bank wanted to.