Serena Kim
Questions on raising capital with 506b
Hi - I’ve been speaking with a few partners to raise capital to buy properties in FL, and had a few questions was hoping someone could help. Is there a lawyer you would recommend?What’s the approximate cost for it? I’...
Maritsa Cortes
Do I set up an LLC for my first investment?
Hey all!
I've found a property that I'd like to start my investment career with. It's a duplex and I'll most likely finance with an FHA or 203k depending on repairs needed. My question is... should/can I set up an LL...
Thomas Turano
Purchasing a triplex with tenants... What do I ask for?
Total newbie in the process of purchasing a 3 unit property (one duplex and one single family home on the same lot) in Florida. Each unit comes with long term tenants, one being there for over 13 years. I'm wondering ...
Brook Rieman
Private money loan collateral
I am looking to get into buying flip properties at sheriff’s sales but I need cash to do that. I have found several friends potentially interested in providing private money loans but I’m wondering what you use as loa...
Shalabh Jain
Seller & Agent not honoring inspection agreement
Hi All,i am in escrow for a condo purchase. I had an inspection contingency in my contract. I hired a licensed inspector to conduct the inspection and he prepared me a list of items that needed to be fixed. I sent tha...
Max Emory
Do you have a "Future Revenue Streams" document?
Do you have a "Future Revenue Streams" document? This is something I came up with months ago and usually review/revise once per week. It's a document I throw business and investing ideas onto to tackle sometime in the...
Leticia Montoya
Finding a Funding Source to do a Real Estate Deal
Hello BP! I am currently looking at acquiring a TriPlex in the Minneapolis area to do the BRRRR strategy. In theory I know how the BRRRR works but I would prefer not to use any of my money or my partners. I underst...
Chris Kim
Move-out inspection when tenant vacates before lease ends
My tenant notified me that he's moving to another state on 9/2018. I'm in Virginia and the lease ends 3/31/2019. He's been a good tenant, pays on time for several years, etc.My CL lease requires and my tenant reaff...
Jolene Desmond
Your Commercial Property is insured. BUT ARE YOU? 3 STEPS TO TAKE
Insurance Loss proceeds can be some of the hardest to get reimbursed from your lender. I have seen loan documents that were written so that the investor had no possible way to ever access insurance funds - but they st...
James Hedgecock
Non-cash partner - Taxable Event?
I'm trying to structure a California LLC as the non-cash partner. My partners are bringing the cash to the deal. We are building ground-up condos and planning to hold them for rent long term. I found the property and ...