Peter Hynes
New Real Estate Investors - What Entity?
14 December 2018 | 13 replies
Being that we both have individual assets to protect, an LLC would seem like a no-brainer, except for the fact that setting up an LLC would rule out conventional loan sources.
Richard L.
Impressing a potential mentor!
16 November 2018 | 4 replies
be organized.Example:3 months goalEnroll in real estate class-network and meet at least 3 real estate related professionalsSave XXX dollars toward first purchaseWork on marketing strategy, and overall strategy (define markets, focus will be SFR, buy and hold with 150.00 cash flow etc) 6 month goal--pass real estate exam--Save xxx--Improve credit score from 675 to 745make these goals quantifiable and specific, in other words you can cross them off when you get them done.The plan won't be perfect buy it's a plan and you show you are executing on it.
Kevin Buck
Should I rent out or sell condo in Northern NJ?
15 November 2018 | 5 replies
Even if the rent covers the carrying costs he could still get crushed taking into account vacancy and future capital improvements/special assessments.
Richard L.
Starting off : Practicing Analyzing Properties
16 November 2018 | 3 replies
If you ever mention the 70% rule I will hunt you down and disown you!
Account Closed
any investors from Philadelphia ?
15 November 2018 | 2 replies
Multifamily properties are more abundant in West Philadelphia, but that's not to say you should rule out other neighborhoods (West Kensington, Brewerytown, Temple U vicinity).
Christian Huttema
Bought first home!! Next step for Investing??
22 November 2018 | 4 replies
You are on right path to rent out other room, and to make improvements to your current home.
Sam Kwak
Rent Control in Chicago, IL...
25 November 2018 | 12 replies
@Henry Lazerow I'm not a lawyer but Chicago has something called Home Rule which my understanding is that it's laws and rules are not necessarily governed by the State of Illinois.
Brian Ellis
Should I lower the rent?
19 November 2018 | 69 replies
Most of their income doesn't meet the 3x rule.
Rohit Sengupta
Transitioning form SFH to Multifamily (5+ Commercial)
15 November 2018 | 2 replies
Talk with a custodian on the 1031 plan so you know for sure the asset you're buying will conform to the rules.
Chris Marston
Do I Understand BRRRR?
17 November 2018 | 24 replies
Conforming loans follow set rules and this is what most banks and mortgage brokers offer.