Mike Lee
Naming a LLC before buying properties
24 April 2019 | 23 replies
I am sure some lenders will chime in below pointing out how Tim is incorrect about not being able to "buy in the name of the LLC".I would seriously rethink going into business with your friend for 4 reasons:1) I can tell already that he will not make a good business partner.2) I'm guessing you are just going into business with him because he is your friend, not because he is bringing any experience or expertise to the table.3) This will likely ruin your friendship.4) It doesn't seem like you have thought this all the way through.
Jack Ropp
Here's One For You - "I found out the house is Haunted" Tenant
24 April 2019 | 9 replies
If a tenant told me this, I'd send him links to many articles on burning sage in the home to clear it, supposedly an old Native American way to cleanse your home of bad spirits - problem solved.
Zijuan Capps
What to do with a $300K house in Texas? HELP NEEDED!
4 September 2019 | 11 replies
No good offers with the realtor so far after 2 months and they want to sell it fast, maybe they will consider dropping the price but for now I'm just thinking of a way to help solve their problems at this point.
Chisom Frazier
Distressed Property vs. Good Location?
4 September 2019 | 3 replies
I’m conflicted with the chicken & the egg dilemma in regards to asking PM’s and agents for help in finding deals before I’ve done any deals and don’t have a lot of value to give to them...YET.
Account Closed
Bartering parking space for free rent - tax implications
3 October 2019 | 17 replies
Yes, he essentially said something to that effect, but I do not think that this is his area of expertise.
Bob Duke
Hard money dilemma — move in?
14 September 2019 | 27 replies
So here’s the situation.
Just sold primary residence here in Texas. Currently own investment property just down the street that I am rehabbing to rent out...that house was purchased with a hard money NOO loan. Sti...
Lauren Hogan
Getting a Conventional Loan Under an LLC
30 December 2019 | 9 replies
There are still ways around it but you should certainly research owner financing thoroughly and specifically lean on the "lending against a note" concept to know how to solve this if it were to occur.
Hailey Brown
Complex 1031 company mistake
13 September 2019 | 16 replies
This can be solved, you just need to figure out what the actual issue is first.
Connor O'Halloran
Best Way To Fund 5 Student Rentals in Boulder Worth Over $1M/ea
11 September 2019 | 10 replies
It doesn't necessarily help you, but definitely solves his problem.
Kyle Root
Tips/Tricks in investing in Apartment bldgs
13 September 2019 | 8 replies
As already suggested, I wouldn't look for partners that are willing to leverage your expertise.