Joseph O. Reed IV
Primary Residence to an investment property
Investment Info:
Single-family residence buy & hold investment.
Purchase price: $218,000
Cash invested: $9,000
Bought home as primary residence (4bd/2bth originally). Not using 4th bedroom so too...
Erik Ferris
Coming into Money, Need advice
Hello all,I will get right to it. I am currently retired (medically), I am 40, and married. I do not work, nor really can I due to my medical injuries. I had to claim chp 13 Bankruptcy 5 years ago due to my injuries y...
Sarah Jones
Asset Protection
I own two houses, one is rental and one I live in. I hit a girl on a bike 6 months ago. She got a lawyer and the lawyer at first wrote a letter to my insurance company saying they will accept the policy limit, but ...
Jordan Mandel
Help! Accepting Applications + Discrimination Lawsuit
TL;DR - The first application I accepted for my new rental is from my second choice of potential tenants. Am I risking a discrimination lawsuit if I don't provide this tenant the first opportunity to rent? - I accepte...
Dennis Walker
Illinois attorney
We currently have a non performing note in Illinois and we are looking for an attorney in Illinois that will handle a foreclosure without us needing a debt collectors license. Any advise would be helpful, Thanks.
Jake S.
LLC -> Parent LLC -> Trust
Is it worth it to have each business/rental LLC be owned by a parent LLC and then a Trust?Just trying to determine the pros/cons and the necessity of it all? Im assuming an Attorney could easily transfer my LLCs owner...
Herndon Davis
8 Advantages of Non-QM Loans/Lenders to Conventional Mortgages
For those who are capped and constrained by all of the Conventional Fannie Mae/Freddie Mac rules on investment real estate lending, you should give the Non-QM (Non-Qualified Mortgage) world a try. I've detailed below ...
Account Closed
Civil Case on Tenant & She Files Bankruptcy
Hi - I have a civil case going against a tenant and the tenant recently announced she was claiming bankruptcy. I was days away from a default judgment because she never responded. Now there is a stay noted on the case...
Marcin G.
asset protection strategy
I live in IL, am single, have several rental properties, have landlord insurance and umbrella policy. I do all the work myself (repairs, upkeep, accounting, screening, approving of tenants etc). The following idea I ...
Robert Sprague
Llc vs umbrella policy
Hello just looking for advice on purchasing my first Sfh rental investment property with regards to setting up an LLC or getting an umbrella policy and making sure the property is maintained. Seems llc triggers a comm...