Marlia Stone
Water Damage and Broken Pipe
19 March 2024 | 14 replies
The biggest issue that you are going to run into here is that the home was vacant.
Maria Moya
People keep telling me not get into real estate
19 March 2024 | 11 replies
I've had 2 issues with tenants not paying rent resulting in them leaving and yes they left a mess, but we cleaned it up, got it re-rented (for a lot more money as there are rent caps in place in that area) and moved on.My first rental was accidental-I bought it to live in and moved and converted it into a rental.
Account Closed
Flipping homes in Los Angeles
20 March 2024 | 21 replies
For example replacing plumbing in a $1,000,000 home costs the same in a $3,000,000 home.Rick’s comment above regarding “handymen” and not pulling permits is going to become an even more serious issue in CA with assembly bill 968 going into effect this July.
Nolan Mahoney
Landlording while working the 9 to 5
19 March 2024 | 5 replies
Mostly this hasn’t been an issue, more often than not since I work 3rd shift I end up having to call my handyman about something between 6-7:30am prior to getting off work at 8:00am.
Kris B.
Business structure in texas
18 March 2024 | 3 replies
Remember to file as a foreign corporation in any state where you plan to do business, especially once you start acquiring property, to protect your corporate veil.Lastly, my Disclaimer: This is not legal advice. :)
Carlos Garcia
Need recommendation for legal advice on flipping liabilities with non insured workers
16 March 2024 | 4 replies
I need to know if there's a legal form that I can have the workers sign stating that I am not liable for anything.
Chris Wilburn
North Portland/Arbor Lodge House Hack
19 March 2024 | 12 replies
Luckily for us the issue was not huge, but we missed the inspection window before we found that out. 203(K)’s have higher rates than standard loans, so consider the timing of your refinance (especially in todays environment).
Kasey Gagnon
First Investment Property LLC vs Conventional Loan
18 March 2024 | 8 replies
While the general principles regarding LLC ownership, asset protection, and taxation may apply universally, specific legal requirements, regulations, and tax implications can differ from state to state.Good luck!
Harsh Dangaria
HOA foreclosure guidance
18 March 2024 | 7 replies
There is ample information on the clerk's site telling you that you may not get clear title, and warnings as you register to bid that you should seek legal counsel if you're not sure of what you're doing, and that there are risks associated with legal auctions.
Michael Nelson
What do hard money lenders need to see in terms of the deal?
19 March 2024 | 19 replies
Heavy rehabs or rehabs that are bigger than the purchase cost range from not allowed to case by case to no issues, so all over the board on that issue.