Alan Dunlap
Mortgage Due on Sale Clause
30 May 2019 | 4 replies
All the while, you always have control and nobody else, not even your attorney, can manage or sell your property except for you.If you need to prove ownership for financing or any other reason, you simple produce your company documents as well as your banking and accounting records.
Bonnie Donahue
Setting up your biz? LLC? Corp? Partnership?
3 June 2019 | 18 replies
Since all of our sales are actually in Indiana, we've been advised that we're ok to just run an Indiana S corp for our sales business.For rental properties held, it's just simple Indiana LLC's (one for my personal holdings, another for business holdings split between my partner and I).
Cameron Riley
Moved in a Tenant who has little kids... READ!!!!
26 June 2021 | 97 replies
A simple two question discussion.
Lee Haenschen
After making the deal/offer
30 May 2019 | 4 replies
Do you call a closing attorney and set up a closing date, hand over all paper work and he/she takes it from there?
Kyle Godbout
What would you do to this backyard??
4 June 2019 | 15 replies
This is just an idea, but I would put up a simple patio cover with cedar posts and a top of metal or lattice material.
Eliel Martinez
I can't find a deal 1% rule, 0.7% max buying conventional
2 June 2019 | 25 replies
@Eliel Martinez cashflow is a simple "money coming in minus money going" equasion.
Gamaliel M.
Keep old Townhouse as Rental or Sell and Invest in Syndication
3 June 2019 | 9 replies
I tried to accumulate rental properties and on paper, my cashflow looked amazing.
Nicholas Kitchen
Deal Analysis in Florida
31 May 2019 | 1 reply
I’d like to give you the details and see what yall’s thoughts are...10 Unit (of 2 buildings)Listing Price: $1,100,000Potential Gross Income: $124k6% Vacancy (but building is currently 100% occupied).Effective Gross Income: $116kNOI (Including a 5% CapEx and 7% Property Management): $75kDebt Service is around $50kLeaving me with an annual cash flow of $25kDSCR: 1.5B/E Occupancy 73%Cash On Cash: 7% (with 30% down payment)On paper, it seems like a great deal based on everything else I have analyzed in my local area.
Crystal Hammond
Wholesaling in Louisiana
1 June 2019 | 3 replies
See here: https://www.neworleansreia.com/Also check out these posts on BP: The Ultimate Beginner’s Guide to Real Estate WholesalingThe Definitive Guide to Real Estate WholesalingA 60-Day Action Guide to Wholesaling Your First PropertyThe Newbie’s Guide to Wholesaling in 7 Simple StepsThe 8 Most Common Lies Newbies Believe About WholesalingCheck out these books:If You Can't Wholesale After This: I've Got Nothing For YouThe Real Estate Wholesaling Bible: The Fastest, Easiest Way to Get Started in Real Estate InvestingThe Art Of Wholesaling Properties: How to Buy and Sell Real Estate without Cash or CreditEverything Wholesaling: The Ultimate Guide to Wholesaling Real Estate