Derek Morrison
Contractors and 1099s
First time landlord/self-property manager here, what are my responsibilities when it comes to hiring contractors and giving/ asking for 1099s? Do i give them or does the contractor give it to me? Is it only for work o...
David Gjeldum
Transfer of ownership to a LLC, frees up credit?
Hey everyone,
Thinking of buying a condo here in Chicago (I know none of you are fond of that, but I have my reasons)
Say I buy a unit/finance it in my own name. If I transfer ownership to a LLC, does that free up m...
DJ S.
Great Property Management Company
Hello MN Investors, I'm seeking a great property management company near Minneapolis Minnesota. Do you have any suggestions?Strong-suits I am interested in:1. Communication - quick response time, keeping owner infor...
Antwaiyn Smalls
PRIVATE LENDING QUESTIONS
Good Morning Family,I am reaching out to get some information and guidance on Private lending. I have inquired to a few private lending businesses that provided some information on their lending instructions and pract...
Jim Bentley
Lead Disclosure
My wife and I are going to begin managing (i.e. finding tenants for and being the tenants' main contact) for several rental units that my FIL owns. His health no longer lets him do this. We currently own and manage ...
Roger Tise
Self Directed IRA - how to leverage for RE?
Anyone out there with experience on how to best use a self directed IRA for RE investments?I know it’s possible, but seems like it could be complicated and I keep running into roadblocks/restrictions. For example.......
Mike A.
Step-rate Mortgage OK for Dodd Frank?
I sold a home on a seller carry note. I used a licensed MLO to process the application and provide the disclosures. The terms of the loan were 10 year fixed interest rate, and then increasing 1% per year. Starting ...
Tim Thorpe
Borrowing against 401k for down payments
I’m seriously considering borrowing less than 10% of my 401k for the down payments on 3 investment rental properties. I’ll be paying myself back at 4%. Thoughts/ experiences?
Derek Young
HELOC on investment property
Hi all,
I’m looking to acquire a HELOC on my primary residence that Ive just started renting out. I’m currently living with my girlfriend at her place so this is my only property and it’s in my name (lender would not...
Ruarri Miller
Section 8 question
I recently rehabbed a foreclosure with the intention of using it as a student rental. It's two blocks off a college campus. I was unexpectedly approached by a family with a section 8 voucher for $1100, which is the ma...