Russell Cazeault
LLC and simplified bookkeeping
So it is recommended to have each property in its own LLC. However, having to run separate books for each entity is a hassle. Is if possible to have one LLC own multiple LLC.s ? Then just run one set of quick books ...
Jared Carpenter
Loan sponsor/guarantor for a syndication
Loan sponsor question - where can one be found?
The quick answer that comes to mind is to network through local RE events and conferences, etc...however, how did some of the more seasoned investors find success with ...
Wesley W.
LLCs to hold out-of-state RE
Hello all,Is it permissible to form an LLC is one state, but then use that entity to hold RE in another state?The reason I ask is I have some LLCs in my home state that currently do not hold any assets, but I am looki...
Artie Butcher
Is deferring my mortgage to invest in stocks a good idea?
Hello Bigger Pockets! I'm a new member and first time poster. I'm 25 years old and have been living in my first home for a little over a year. My strategy is to 2 year live-in flip the house, and I've also been house-...
Ruth Kelly
Advice? Screening app w/ collection items "disputed by consumer"
Hi there, I have some experience leasing for a little over a year, and I haven't run into this particular combination of issues until now. Context: As is baseline standard for screening, I require all applicants to pa...
Andrae Warren
Rehab Costs Budget question
Good afternoon,I am in the process of purchasing a home which requires a rehab/repair budget. The lender will be doing a holdback of the budgeted amount, and I am curious as to how this process will work in terms of ...
Chris H.
Analyzing a MultiFamily deal in Union City NJ
Looking at a 3 family w/ finished basement in Union City below I-495, approximately cost $750k with conventional loans (20%).At present time, the basement is non a permitted living dwelling unit. There's 2 vacant uni...
Moshe H.
Shutting off the gas
I have a tenant who was supposed to be paying gas (heat & gas stove) but never put the utility in her name. I called them today to shut it off, which they will do Monday.I know that under the law the landlord must...
Carl Washington
Systems for wholesaling
I would like to hear from some of the wholesalers on the site. What kind of automated systems are wholesalers using to hangle all of the calls that come in?
EDWARD M.
Phony Plumber, Ran Off With My Money! What To Do?
I hired a plumber to replace a non-functional boiler with TWO boilers for a two family property I just bought to separate utilities. With the cold weather approaching, I couldn't leave tenants without heat so I was de...