Waylon Bruce Moore
Cash out refinancing lender
9 February 2024 | 14 replies
I highly recommend you reach out to @Raymond J.
Raju Balakrishnan
Insurance for an apartment building in CA near SF bay area.
8 February 2024 | 2 replies
The area is not high fire risk and in a large downtown.
Leroy K. Williams
Using existing property to create line of credit for flips
9 February 2024 | 4 replies
Investing your time in this could be highly beneficial!
Emily Anderson
Seeking insights: any STR hosts in Okaloosa Island, FL?
9 February 2024 | 7 replies
I live around just over the bridge from the island in FWB.Demand stays really high March through October, and slows for the 4 winter months, just like Destin.If I can help you run numbers on properties or give you any insight please let me know!
Adam M.
GP Advice? Maintaining Communication With Passive Partners (When NOT in a deal)
9 February 2024 | 10 replies
This is very high-touch and personal, but also not scalable in a meaningful way, and often times, unless you have something pertinent to discuss with each investor, some may view this as a waste of time (think in corporate speak: "this meeting could have been an email")Newsletters are very scalable, and with scale the personal touches are lost, since you are presumably sending this to thousands of people.
Shane Duncan
Will using income to pay downpayment from HELOC pierce the LLC corporate veil?
9 February 2024 | 9 replies
It’s highly unlikely any lawsuit will go so far as piercing your limited veil protections.However, it’s the simplest of downloadable loan template forms to simply document the parties, the amount, terms, duration etc.
Sonya C.
Out-of-state real estate investing for beginner
8 February 2024 | 17 replies
I'm currently in Phoenix AZ where housing prices are still high and does not seem to make sense in terms of cash flowing perspective, so I'm looking for out-of-state investing opportunities with the following criteria (and please kindly list more if you can think anything else):1).
Julia Bykhovskaia
How much do you pay your handyman and how often?
9 February 2024 | 13 replies
Sometimes I don't need him for 2 weeks then the next week I have him jumping from property to property.Occasionally I get some one else to quote a task and perform a task that I think he has quoted too high.
Kareem Aaron
Trustee/Lendor Delaying Closing (MD foreclosure)
9 February 2024 | 5 replies
Here are some more details...The property has a $40K+ water bill.The water company has informed us that with foreclosures, the new owners are not on the hook for past balances.so the lender/trustee is responsible for rectifying this... and the balance is so high they're delaying until they figure something out.Aside from that bill, there are no other encumbrances and we're able to get clean title with owner's title insurance.We got in the deal with cold, hard personal cash.We have a balance, which is {AuctionWinAmount - DownPayment].This balance accumulates interest until we close.so we have equitable title, but the property is not deeded to us until we close with the trustee.
Caroline Gerardo
Many Times I Said Don't Waste Your Money on LLC Vesting. Now this:
11 February 2024 | 30 replies
Cost of corp. in CA is high too.Its been challenging finding an attorney that really understands will & trust, many don't even know about POD.