Dustin Murphy
Advice On Rent Rolls From Seller For 1st Rental
9 June 2021 | 7 replies
You were smart enough to put it in the fully executed contract and they are not providing it for some reason.
David Weymouth
1031 exchange to buy future primary home
9 June 2021 | 7 replies
A good plan we've had many clients execute over the years.
Asif Islam
Have 300k to 400k to invest
27 June 2021 | 3 replies
I'm just playing the odds.That said, if you execute your plan diligently and don't try to do everything at once, you are effectively dollar-cost-averaging into the market.
Mitchell Brown
LLC Partnership w/ 1 member 0% stake to begin?
8 June 2021 | 2 replies
They're more focused on moving on than anything else - and I can attest from personal experience that this is true.One thing I'd suggest is to contact SCORE - the Service Corps of Retired Executives. https://www.score.org/Yes, they're retired, but they are another set of eyes that won't cost you a dime.
George Leeman
Property management advice and portfolio lenders
9 June 2021 | 4 replies
John Doe can offer you 5% management fee and never picks up the phone because he or she is the project manager, the leasing agent, the accountant, the maintenance department, the rehab admin, the executive, the owner, the assistant, etc (often wearing too many hats).
Geoff Pettis
What makes a "good" landlord into a "great" landlord?
12 June 2021 | 9 replies
Like many things in life doing simple things well can be complicated in execution.
Rocky Abild
Lease to Own agreement & guidelines
13 June 2021 | 4 replies
Some of the things I have considered are:-ability to assign or otherwise transfer to another party-option can be executed at anytime during the lease term periodThank you in advance for your thoughts and help with any final considerations I should include to make this the best opportunity for my family and future.
Sean McKee
Illinois Eviction Ban ending August
22 October 2021 | 22 replies
He has not officially released another executive order, but a spokesperson says he intends to extend it to 10.3 to match when the CDC ban would have ended.
Connor Murphy
Breaking Lease to Satisfy FHA Loan
13 June 2021 | 2 replies
Doesn't mean you can't try but if something can't be done before close I wouldn't risk closing on it hoping someone would move out of a home with a fully executed, proper and legal lease in place in the hopes you can buy them out.
Tory Sheffer
Multifamily Acquisition Startegy
15 June 2021 | 11 replies
If he passes away before the loan hits maturity, his children inherit the note and pay no capital gains.The benefits for the seller are that I was less likely to back out years down the road or running into a situation where I just couldn’t get a loan at the time of purchase or any other external factors that could have prevented me from executing the purchase.The benefits to me are that I own the place today, am paying down debt and building equity and I got to use massive bonus depreciation to help my personal tax situation.One thing I would recommend either way is have a couple banks look at the deal today to give you an idea of what they would like to see when you ultimately need them to finance the purchase or refinancing.