hello everyone! I'm currently looking to purchase a 6 unit property in Chicago IL. I have a couple folks who want to invest and essentially put enough money in to pay for the down payment + closings costs. They would ...
So here is the situation. I purchased a condo in an a development that does not have an HOA. The original developer of the Condos went bankrupt and after that point there has not been a functioning HOA. One of the own...
Is it necessary to use an attorney to form an LLC. I talked to several investors that use online companies to form and file LLC documents.
I'd be interested in everyone's thoughts.
Hi AllMy question is this. If I am lending to another investor money for reno costs for a fix and flip what is the best way to secure my investment? Contract, property lien, etc.Thank you
Hey folks,EDIT: Moderator - feel free to delete my post in the PRO forum because it's the same. There's very little traffic over there and I got no responses so I decided to post the request here in multifamily.I'm wo...
I just started building tiny homes in my hometown in Eastern Texas. I have a customer that wants to order a number (~25) of my tiny homes through his company in connection with a city initiative to provide unconventi...
My father in law passed late last month, leaving 15 C level rental properties that range from single family homes to an abandoned boarding house. Clearly we understand that we need to speak to an attorney, but due to...
Came across a pretty sweet situation for a sub2. But he's in Ch.13 bankruptcy and so is the house. His attorney says he can sell at any time (not sure what would happen to any proceeds he would receive). Can I essenti...
Hi everyone, I came to this website seeking some info. A quick summary of my situation: I have a property locally (the Raleigh NC area) that I'm interested in buying, and am looking to borrow $80K. The seller is anxio...
We have a renter now that originally was a rent to own. Due to his inablility to sell his house in CA, he is going through a forclosure which means of course it will be years until he can get another house loan. He ...