Mary Joe
Naming the Members of a LLC
I am reviewing the process of setting up a LLC in NY, I don't see an area where the government asks who are the members of the LLC?
It only asks for the name of the person or agent in case papers need to be ...
Johnson Lo
Should I keep my own set of books or rely on the PM's books?
Hi all,Newbie investor hoping to buy my first rental property out of state. I was wondering if I should keep my own set of books or rely on my property manager's books? A friend of mine who invests out of state says...
Tom De Moya
Came across a wild deal. Am I nuts?
Perhaps it isnt wild and I'm still too new. This would be my 4th deal after 3 duplexes. Came across local landlord who has 4 properties for a total of 18 units. 3 6-unit buildings and a duplex. Wants to sell them all ...
John Hixon
Need second opinion on numbers
Below are the numbers of a deal I am looking at. I would really appreciate any feedback you could offer.Purchase price: $470,000 (cash)Less Vacancy: $8,793Total rental income: $66,645Plus utility income: $8,500Effect...
Christopher Tabb
Getting buisness cards and forming an LLC
I feel as if im at the point I can't learn anymore about real estate untill I get out there myself and start doing deals. The only thing holding me back from marketing and talking to sellers is not having buisness car...
Jeff A Barnes
Multi unit interest advise
I found a 9 unit, with 2) 3 bedroom and 7) 2 bedroom units listed at 599,000. Annual income is 70,320 with net operating at 53,171. It's in a nice area, low crime, 3 units recently updated and not rented. Others nice ...
Shane Allman
Escrow account for rent Question
I think I know the answer but wanted to verify with more experienced investors. I bought a condo for my daughters to live in while at college and will keep renting after they are gone. They have 529s to use to pay...
Cheryl J McGrath
Newbie to Real Estate investing
How to tell if a private lender or cash buyer is for real? (Dealing online, and out of state)
Sandy Glover
How to Get the Best Results in a Background Check
Nothing can cause a property manager more headaches than renting to the wrong person. That one bad r...
Asher Anthes
What is my NOI and Cap Rate for this Property
Okay, so I've been learning about NOI and cap rates and I'm curious to figure out what mine is for the house I currently own. I live in it, but also rent it out to some friends.
Purchase Price: $105,000
Renovations...