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14 November 2018 | 7 replies
Ideally a duplex or single family ADU so I can start cutting my costs to save money faster for the second house.I'd love to hear from experienced investors looking back on their first property.
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20 February 2019 | 5 replies
We need local property investors to come to the Joliet Land Use Committee to fight a plan to conduct rental inspections of ALL SINGLE FAMILY RENTALS.
13 November 2018 | 5 replies
We typically get between 1 and 3 completed applications in a single open house (out of maybe 50 that expressed interest and maybe 5 to 10 to attend the open house).
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27 November 2018 | 3 replies
The single family home is worth 200k.
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13 November 2018 | 6 replies
I also value privacy and control, so owning my own single family home is important to me.
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13 November 2018 | 1 reply
Hello,I currently own a single family home purchased in 2007 for $215K, 30 yr mortgage, monthly payment of $768.
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21 November 2018 | 7 replies
I'm not sure it makes too much sense to have 20 different LLC's for every single property you guys own together.
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8 December 2018 | 2 replies
This scales your investing.Forces you to network and depend on a team leading to relationships = more businessForces you to develop communication and business systems to stay on trackConsNot as easy to physically be on site if neededReally it comes down to how you want to invest.
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26 November 2018 | 15 replies
You can shadow someone, partner with someone, do a master lease, or start small (single, duplex, triplex) and work your way up.
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3 December 2018 | 10 replies
The list isn't important anyway.B - The process you are following, doing what I am assuming is a Sandwich Lease Option is as follows: 1 - Gain control of the property by signing a lease agreement, and an Option agreement (they are 2 separate agreements, and should NEVER be a single agreement...and never include references from one to the other) in the name of an LLC (you). 2 - Sub lease to the tenant (buyer). 3 - Sell an Option on your LLC to the Tenant/Buyer. 4 - When the Tenant/Buyer exercises their Option, they are buying the LLC. 5 - The Tenant/Buyer now owns the LLC, and all its assets...which include the Option to buy the property. 6 - In the end, the Seller never changes, and the buyer never changes.