I am a newbie working on 2nd SFH deal, which will become a rental. I would like to put a request for seller financing in letter of intent to purchase, but don't really understand how it works. Who does the paperwork...
I'm currently looking at a 32 unit apartment complex (all 1 bedrooms) in Cincinnati Ohio. We're in the middle of our due diligence process and we just found out the complex has all aluminum wiring. From what i underst...
I use steadily.com for my long term rentals, and am entering into my first partnership on an AirBNB. We plan to quitclaim the property into the LLC after closing, and disclosed this to the lender. We had a few questio...
Everywhere I read about PML, the "TYPICAL" deal is described as 8-12% interest (I've seen 6-15% as well) with nothing being mentioned about a profit split. I do see instances where joint ventures may be up to 50/50 p...
what type/range of management fees are you paying for 100+ unit complexes in your area? I know many of you will hire your own on site person but if you are hiring out to a PM biz what are they charging you and what ...
Hi all, I am reaching out, trying to understand what the future impact of the recent floods in baton rouge La. My mother lost the use of her home(which was not in a flood zone) in the la. flooding and we are trying to...
i was told by my mentors that the tax rate is very high for the capital gains for flippers and wholesalers compare to landlord. I understand the landlord part clearly, however does not know how much tax does a flip...
I've heard various estimates for closing costs, ranging from 2.5-5% of the property value to the $1500-$2500 that the BP calculator suggests. I'm assuming that all cash offers will be a bit cheaper than convention fin...
I'd like to setup a HELOC on my house and purchase another multi-family.1. Once the HELOC is setup, do I need to draw the funds into my bank account (for the down payment), or can it stay as credit until I purchase th...
I've been researching how I should structure my real estate investments. I currently have all my assets under my personal name. As I grow my portfolio, I want to reduce risk, taxation and free up my personal cash vest...