JDee Moore
Asset protection, LLC, Trust & Umbrella insurance policies in Ca.
16 August 2018 | 1 reply
Asset protection,Reside in CA, and read about RE investors having the option to start a LLC in NV that's within a trust and also purchase an umbrella personal liability insurance policy (upwards of a $1m - 2m+), to give aspiring RE Investor the proper business structure, security and protection in case of the inevitable lawsuit and/or other costs of doing business.
Skyler Mckinney
Kind of stuck, suggestions please.
29 August 2018 | 12 replies
And if you aren't looking at multifamily how are you using a VA loan to secure a investment property, I thought VA loans had to be used on a primary residence?
Russell Shannon
So I'm completely new. I lost my job and while back.
16 August 2018 | 20 replies
I was going to get a couple of those secured credit cards and just let them sit to start recovering credit
William D.
Out of state Investments and Rental Income
19 August 2018 | 20 replies
Two years of renting the property with P&L for these years.If your property gross income $1K/mo - they will use $500/mo as your incomeIf it's cash flow $1K/mo, then you talk to your loan officer and get specifics.Also, they can use your bank statements for a year but it's more expensive if you're trying to secure mortgage on your primary residence.If you're getting credit line for business, there will be different qualifications but generally, bank will discount that income (considering that it might get vacant, or vandalized or whatever)
Christopher Petersen
Ready to Start, But.... one big concern/question
17 August 2018 | 14 replies
@Christopher Petersen unless we have negative population growth there will be at least as many people as there are now, and if we did have negative population growth it would have a much larger impact on things like Social Security than RE.
Harvey Yergin IV
Acquired property with existing tenant - security deposit?
16 August 2018 | 8 replies
I received the tenant's security deposit at closing.
Jonathan Aguilar
Tax Delinquent Properties In Texas
16 August 2018 | 2 replies
Laws are going to vary widely from state to state, so even without knowing NC law I am pretty sure it isn't the same, it may still be a good lead list though, the only way to find out is test it for yourself.
Melissa Robles
Seeking advice on mailing method for security deposit
16 August 2018 | 3 replies
I'm looking for some advice on my current security deposit situation.My former (very disagreeable and difficult) tenant moved out and I mailed his security deposit settlement to him at his new address via Certified Mail with Return Receipt within 30 days, as SC law requires.
Andrew Taylor
Walk Me Through a New Development Deal Structure
17 August 2018 | 3 replies
Bring on equity investors to secure the dirt and front the costs associated with getting phase 1 shovel ready. 1a (depending on experience and local lending environment) Deploy additional equity capital to do the horizontal (roads, sewage, sitework) 2.
Harvey Yergin IV
Private Money Mechanics
16 August 2018 | 2 replies
Don't forget you need a mortgage and note to secure the investor's money.