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As a total beginner, I have been reading about CRE investments and understand that banks will typically lend based on the property value, tenant (assuming national grade or reputable tenant), and/or the value of the l...
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I've been listening and reading about syndicating and don't know really what the first step should be. One article here on BP says they're usually structured LLC's or LP's. I've set up quick LLC's in online in my s...
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Hello, First post! Super happy I found bigger pockets. Nothing but forum reading and podcast listening has been happening in my world since my wife sent me the Hyatt podcast last week. Thank you all for the energy and...
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Hi everyone,I'm interested in Multi-Family apartments in Grand Rapids area. I'm just curious the process of getting a commercial loan when using syndication. Having investors pool their money for the down payment and ...
Quick Summary: I bought my first condo to live in, and eventually rent. Read the R&R, everything looked fine. President of the HOA is making it sound like I need to get a permission slip for interior improvements,...
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Hi,
I am in an escrow for a property requiring major fixer-upper work. The property has a lot of unpermitted additions and alterations which would need to be corrected. I checked with the city but doesn't seem the ci...
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I have 3 rental properties all in individual LLCs. My intention is to continue to add to the number of total properties over time. Which LLC/bank account structure is best practice?A) All LLCs have their own bank acco...
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I have notices in the past 10 telephone calls to seller that many are hesitant to enter transactions with someone as inexperienced as I. I would like to form a business structure to operate within but not sure which i...
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I am speaking to a few owners currently that are interested in exploring creative financing options with me. Some would seller finance and some would need to be subject to. I do not have any previous experience in cre...
Hello,
I currently am new to the real estate scene. I was wondering if anyone has any advice on legal issues I should look out for when owning a rental property
I know one question I have in mind is more so liabili...