Maya Dib
Leaning on buying the Duplex that I currently live in..
Hi everyone,
Brief background, I'm Active Duty Military and I'm currently stationed in NYC. I've been renting an apt in a duplex for about two years now and will be moving out next month. My landlord recently knocked...
Frank Gucciardo
Closing on First Property!
Finally. We are closing on our first property, a three family in the beautiful Hudson Valley of New York, tomorrow. Wife and I are excited but nervous.
It's been three years and more than a few purchases that didn'...
Wendy Carpenter
Mini Storage Insurance
All of you who own mini storage properties, who do you use for your insurance? I’m under contract on my first storage property, so I’m trying to get everything lined up. I just had my first quote at about quadruple wh...
Fernanda Herrera
Business/legal advice for a first time investor
Hi everyone,
Future investor here, doing my homework before jumping in. I wanted people's opinions on the best time to address the business side of REI. I know there are tons of advantages to forming a corporation ...
Ashwini Venkatesan
Create LLC or not for out of state investment
Hi. We live in CA and want to buy a property out of state. Potential seller (experienced real estate investor) recommended we create an LLC and buy the property. I am not sure I understand all the tax / fees associat...
Andy Nathan
Proof of Funds with multiple investors
Have an opportunity to work with a few investors locally in Chicago. My partner and I have a series LLC already. The question came up today: How will we provide proof of funds for a cash offer on a SFR we want to reha...
Alex U.
Umbrella Insurance vs Wyoming Holding company holding California LLC
For your buy and hold properties, to my knowledge there are 2 predominant strategies.1. Keep properties in your name or in a trust, get $1M worth of liability insurance for a few hundred dollars and rent out the units...
Zach Bechard
Liability Insurance for rental property?
I had a meeting with my Estate Planner/Asset Protection Lawyer last week. The subject of our rental properties came up and he suggested that I should get a liability policy for each of the rentals we own. He said it w...
Michael O'Byrne
New to the Game
Hi All,
My wife and I have decided to take the full plunge into real estate investing. After almost 19 years in a challenging and satisfying corporate career, it's time for something new. There are several drivers b...
John McNeal
Bookkeeping
I am so undecided on what to do, use QuickBooks or create a spreadsheet to manage expenses, rental payments, and investments, etc... Any Thoughts-thanks, John