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We evicted some problem tenants back in 2010 from a house we rent out. Well after a long eviction and court fees we received a Judgement of about $15,000.
The lawyer wanted 50% to try to collect the fees.
I wanted...
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Hi everyone, I'm looking for some advice on syndication LLC formation best practices.
Background: The plan is to syndicate 5-10, $10k+ investments into a LLC that will make 15% as a private lender. I will take 3% an...
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I'm in Illinois should that help anyone. I'm not asking about any laws or legal advice. I happened to run into a perfect short sale situation on a pre-foreclosure property, similar to the SS deal l did 5-years ago. It...
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I just made my first REI deal today! I bought a house at trustee's sale (courthouse steps). The owner passed away early 2016. I'm guessing there is still considerable personal property in the home. What does the law s...
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Hi all,
Was just wondering about wholesaling without an llc/scorp. Is it ok to just use your name, and for how many wholesale transactions? I want to use profits for income first but I know taxes can be a pain (I'd l...
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We have been asked what is the minimum that should be included in an offering package for the purpose of raising capital to create a “real estate syndication”. Here is our checklistWe utilize SEC Reg 504 C as a safe...
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Hey guys, I found an excellent off-market deal in an area I'm very experienced with. I made an extensive pro forma and the numbers work out really well, it's an incredible opportunity. Unfortunately, I don't have the ...
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Hi BP,I JUST BOUGHT A 10 UNIT APARTMENT BUILDING!! NOW WHAT DO I DO TO TRANSITION??I am closing on my biggest property yet (10 units) on October 15th. I am uncertain as to the exact steps to follow when you transition...
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Hi there-I am in debt to credit cards. I have a low-paying job and at this point, no retirement. I am in my mid-50's, so I am a late bloomer to investing. I thought that claiming Chapter 7 would be a good idea, in ord...
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My wife and I own and operate 23 senior living communities (assisted living, memory care, and independent living) across Colorado and we are now expanding into Arizona. I've often had people ask if they can invest to...