Shawn H.
Simple Husband & wife LLC in Illinois, does it exist?
I am looking at forming, a Series LLC in Illinois, with my wife for our rental properties. After doing some research, I am only more confused. It seems like there are very different outlooks, strategies and methods. I...
Dominic Jacquot
Repairs and capEx for condominiums
Hello,
I'm new to this community, and I have a question regarding the analysis of a condominium property. I'm unsure whether repairs and capital expenditures (CapEx) should be included in the list of expenses or if t...
Domenick Booker-Pomata
Due Diligence Question ; ARV South City STL Duplex
My partner and I are under contract for a SC duplex; 5911 Michigan Ave, Saint Louis, MO 63111.Our contractor walked the deal and the rehab numbers match. We are having trouble with the ARV. We were confident the ARV...
Joseph Hammel
Quit or pay? In Minnesota
Hello all, I have a tenant in MN that I'm ready to send packing. It's not my first eviction, I've had to do four of them. Two were settled before the hearing, one was a no show (I won). The other showed up in pajama p...
Daniel Walker
Long Distance Showing
My business partner and I expect to close on our first rental in a matter of weeks. To increase learning and cash flow, we want to self manage the property with some help from a home warranty company to handle mainten...
Martin Srebrov
My first multifamily agency loan (Fannie Mae / Freddie Mac)
Hi everyone,I'm trying to buy my first deal here in the States with an agency loan (Fannie Mae or Freddie Mac). It's a 30 unit apartment building in Oak Forest, IL (suburb of Chicago). 8% CAP, stabilized property.The ...
Fayez Siddiqui
separate account and credit card for rental business
We should make a separate account for the rental business but is it also recommended to get a separate credit card as well?If so any benefit of a business card over a personal card?If so what kind of payments would yo...
Sipan Y.
Start an LLC in California
I am a newbie and I am planning on investing in real state and starting fix and flip, and buy and hold. Currently I live in San Francisco, California. Any suggestions/recommendations on how to set up my LLC in Califor...
Nixon Vayupak
Probate offer to buy subject-to existing loan
I need some guidance to see how this can work. I understand using the "subject to" approach in regards to foreclosures or if the seller just wants completely out from his property. But how can one apply this creativ...
Lisa W.
Series LLC or Umbrella policy on networth
I'm starting on my journey as an REI and am hoping someone can help with the legal aspect:1) As I'm reading forums and accumulating everyone's "house hacking" ideas, there's been a conversation about Series LLC: one h...