Ed Goble
Mortgage in my name but Property Title in LLC name?
Long story short. I got a Wyo LLC in order to have anonymity.I want to buy the houses in the name of the LLC and not my name. I have been told that is ok, even though the properties will be in another state and not ...
Alan Pederson
Tax person is the devil
Last year the taxes went up on one of our properties and took a big bite out of our earnings. We had a $1,000 house payment and were renting it out to my step-daughter for $1,400 a month. The county increased our taxe...
Jeff Owens
Advice needed on bringing rent to market value.
I apologize for the length of my post, I wanted to provide as much information as possible to hopefully get the best advice possible.
I am currently under contract to pick up a small 20 unit complex of 2 bedr...
Alex Barnett
Newbie Financing Question!?
Hello all,I am interesting in buying my very first investment property with an FHA loan. I am hoping to buy an owner occupied duplex...If I was approved for $140,000 on a single family home by my mortgage person, woul...
Kyle Barry
Opinions on this property I'm looking at tomorrow
BP,I currently have 4 duplexes, probably C properties. This was my first deal and I probably over-payed and took on properties that needed more work than I could have anticipated but I made sure the rents/sale price ...
Jamie Banks
Baselane - Banking Solution for Landlords
For those who self manage, I wanted to share a great bank I've been using called Baselane. Baselane is a bank that also has property management software and book keeping capabilities. As a manager of over 20 units, it...
Jason King
Financial Assumptions
Hi All,
I am a new prospective investor and I am putting together some information for a partner so that we can start the search for our first property! One of the to-do's that I am personally tasked with is to dev...
Faye R.
What to charge for a restaurant patio?
Assuming going rates are NNN $1/sq foot for restaurant space, what is a fair price for the attached patio space? Small population makes comps with patios impossible. Local weather allows for patio use about half of t...
John Thedford
Properties For Sale Are NOT Comps
Just had another "wholesaler" send me a PM through BP. They have a house on Marco Island they need to sell "fast". I queried them if they have it under contract. The answer was "yes, we do". I then asked for comps. Th...
Danielle C.
Need quick assessment of Short Sale deal
Hello,
I am newer to wholesaling and haven't completed any deals yet. I accidentally have come across a deal that *may* be worth pursuing, however I need your advice.
Property is listed at 159k, however the realt...