Hey y’all. I’m looking at purchasing a property in SA as subject 2. Just need some help getting my ducks lined up. Interest rate is at 4.75% and the mortgage payment is slightly less than the market rent in that area....
Are shareholders to take a percentage of total deductions based on their share of income on their K-1's or the full amount. For example if a shareholder owns 20% of the LLC do they take 20% of the deductions on their...
Purchasing my first duplex in South Jersey and am looking for advice as to how to get rental agreements and applications written up and reviewed? Is it worth it to get an attorney to do this or is it fine to write one...
Hello BP!I am the owner of four units in Atlanta -- but so far, I bought from the MLS, financed through a conventional bank, and had the help of a realtor to write the contracts and organize a closing.Well, I have sav...
Evening BP'ers,Is anyone involved in new construction? I'm interested in what measure you have taken to get started. Financing, contractors, types of construction etc.Looking to learn.Thank you in advance for your help!
So I have a two flat, but it has common stairways and a laundry room. Will ComEd add a meter that I can have an electrician just wire to those areas even if it doesn't directly correspond to a unit? We'd be looking at...
The other day I went to a property management class and got some beneficial information from it. One of the questions I asked was if a person can take late fees from a deposit. The answer I received was probably not, ...
Hello All,Got an inspection report on a turnkey property in the Mid-West. This will be managed remotely through property managers. Here are the significant issues list. Older home Pre 1950.1.Wood windows throughout th...
Looks like we are going to successfully close a deal with tenants in place. One unit has a long term Section 8 tenant. We have never done Section 8 so I am wondering what happens when we acquire the property. Does i...
Hoping someone here might have some proven methodology on how to make this all click. I will have a VA helping with a number of items in a couple weeks, including cold calling. Should that go well, I will scale that ...