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10 November 2024 | 5 replies
RentRedi "stars" it out, so would it be appropriate to ask the applicant again for their SSN?
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11 November 2024 | 13 replies
My biggest advice is to start investing where you have a good network of people you know like and trust...this especially holds true if you will be investing out of state.While it's not impossible to go straight to the commerical I personally found it easier to start in the residential world and then make my way over to commerical multi-family.
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8 November 2024 | 6 replies
It helps if you pay someone, usually an attorney, to be the manager of your LLC in that state.
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7 November 2024 | 12 replies
Definitely I will do.
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8 November 2024 | 9 replies
Every Rental Property I have I paid cash for it.
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11 November 2024 | 2 replies
When a home is condemned typically it gets demolished and that gets added to the tax bill.
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11 November 2024 | 6 replies
I bought it about 1.5 years ago.
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31 October 2024 | 29 replies
I know there are extra fees using a realtor, but it can still be beneficial to do so.
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11 November 2024 | 1 reply
An assignment is part of the wholesaling strategy.You get a property under contract below market value, let's say property ARV= 400K.You get it under contract for $150KKYou ASSIGN that contract to a cash buyer for $250K.Your assignment fee would be (roughly) $100KThe assignment is part of the wholesaling strategy.1.
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8 November 2024 | 3 replies
hi guys,I have saved a 20% downpayment a property but struggling to save the remaining 65K for fixing the property up.Example, the property cost 150K, I saved up 35k, but struggling to save up an additional 65K to do the rehab (my understanding the lender will not give me the rehab money right away, I have to pay my own money to start rehabbing and the lender then will reimburse me in stages the rehab portion)Correct?