20 April 2018 | 42 replies
To legally protect yourself you need to stay the course on the eviction.
29 March 2018 | 4 replies
The capital gains exemption is for single or married couples.
29 March 2018 | 5 replies
Happy Thursday to everyone,
I need some information, hopefully somebody here can help me. I know that when you are investing on a multifamily or apartment building, when you apply for a loan in order for the banks t...
1 April 2018 | 7 replies
If it is 15% down they could get a lot of money from you upfront and then get full recourse against you selling at an inflated price.One scenario non-recourse you learn on the property and then hand it back with minimal losses if it turns out to be a real dog.The other situation is they have full recourse against you on the loan, they sell you an inflated price, you put a bunch of money down 15%, and now they won't let you out of the dog of a property and every waking day you are dealing with problems.Owner financing can be great if set up properly.No legal advice given.
30 March 2018 | 9 replies
In other words DON'T hire an attorney and keep your day job for entity legal issues and those pesky tenant lawsuits than will come up.One secret of the rich and wealthy is corporate credit or business credit based on an EIN instead of SSN which drives commercial financing deals.
31 March 2018 | 61 replies
I couldn't sell it in time. after moving into the apartment and having this rented out we should only be paying 38$-100$ each month in "rent/mortgage". that's our goal. so that we can save money quickly pay off debts and eventually move out of the duplex and continue to buy more rentals. once we move out that house will be very cash flow positive and we will be selling said single family house unless we have a very good tenant but even then it's to be sold within 3 years or ill have to pay capital gains taxes thanks all!!
5 November 2018 | 4 replies
Realtors, Contractors, or anyone who has any advice on investor friendly title companies, the correct and legal contracts to use.
4 April 2018 | 6 replies
@Justin PhillipContracts for deed (which what it sounds like) in Texas have significant legal quirks.
30 March 2018 | 2 replies
JV with another experienced investor for a few deals and gain from his insights.