Yi Chu
lease for the rental property
28 January 2024 | 1 reply
If the LLC doesn't own the property it would either need to be contracted to manage the property which may depending on the state require it to be a real estate brokerage, OR you could lease the property to the LLC and then the LLC could sublease the property to a tenant.
Jack Lander
Who needs help getting started with wholesaling ?
30 January 2024 | 37 replies
Yeah I guess youre ight, I was just trying to get more information on the banking aspect and finding title company...and boots on the ground...just want to make sure I'm following all legal requirements.
Logan Turner
Can I personally purchase a house from my LLC
28 January 2024 | 40 replies
But you can find a lender who will will not require 6 months seasoning if you are the sole member of the LLC.
Katy Katz
First STR Market Choice
28 January 2024 | 5 replies
If the STR strategy is the only strategy that makes the property pencil, be sure to purchase in a market where the use is allowed, the use requirements is protected by the permitting and licensing and the permissions are transferable through a sale.
Prince Martinez
Confusion on adding units to MR2/multi family residential
28 January 2024 | 4 replies
In New York, there are also requirements for contractors that you use.
Devin Cokley
Multi Famliy Syndication?
29 January 2024 | 7 replies
The Best Ever Syndication Book by Joe Fairless and The Hands Off Investor by Brian Burke.If you want to be an LP, you need to have the financial wherewithal, so focusing on being a highly successful realtor would be the first start, so you have money to invest (and many require you to be Accredited, but not all).
Alex L.
What does "air conditioning" mean on the Section 8 utility allowance sheet?
28 January 2024 | 2 replies
I noticed on the utility allowance sheet that there was a line item for "air conditioning" which required to be specified as being paid for either by the landlord or the tenant.
Kayla Prange
Anyone willing to give me a reality check in either direction? STR first timer.
29 January 2024 | 31 replies
@Kayla Prange- thanks ...if you are planning to use cash to acquire - great ....if you will need to use a loan to acquire the property : 1) make sure you are fully pre approved so you are understanding all the numbers and required cash needed and present rates / fees 2) ask your lender if they can accept STR as not all lenders will 3) ask the lender if the size of the property will be OK ( this might depend on if appraiser has decent recent sales comps to use in the appraisal report
Ahmed Alswaiti
Operation Lone Star: Texas at the Forefront of Security and Real Estate Dynamics
28 January 2024 | 0 replies
Navigating the uncertain long-term impact of Operation Lone Star requires a strategic approach, balancing risks and rewards.The Texas real estate market, especially in border areas, is set to experience dynamic changes.
Persephanie A.
Turning primary residence to short term rental - Military move abroad - CPA needed
28 January 2024 | 5 replies
In Colorado Springs, for instance, the law requires that any vacation rental (excepting for a few pockets here and there) be your primary residence, but they do have a limited exception for military members deploying overseas.