We rent to college kids often. We traditionally have all individuals sign one lease together. As far as collecting payment individual typically pays their portion of the lease separate to us. So we may have 5 separate...
Hey guys, looking to do my first deal and may need to partner with some friends (4 of us) to do it. I was thinking putting the property in an LLC would be the best bet to protect everyone's assets. One thing puzzles m...
So I’m looking to purchase a home that is need of repairs with a hard money loan. The only difference between me and a lot of the post I see is that I don’t want to flip it I want to actually buy it and turn it into m...
Hey friends and colleagues,
I was told by an "experienced" lawyer, that if I really want to lease my single family house to 3 individuals (who are not related), I could sign once master lease and include all ...
Hi all,
Have any of you done this type of lease on a residential property?
I'd be happy to reduce cash-flow in exchange for a steady payment over a long time horizon of 5+ years.
It can also cut out management, both f...
Hello all - I thought I would come to this community for advice on a matter that has been a problem in a neighborhood I own two properties in for over 5 years. This is in the state of NC.Situation: I own two propertie...
One of the costs that I have had the greatest difficulty controlling is my water bill. If it's not a leaking toilet (I can fix that) it's tenants using hot water to defrost meat (What can I do about that other than as...
Hi guys.I have a duplex in NJ. One of the apartments, a 4 bedroom, is currently available. I have been approached by a company looking to rent it out on behalf of 4 employees. They want to sign the lease as a corpo...
Hello! I currently own a 3 family in Danielson, CT and will be looking to purchase another one soon. I currently spend approximately $1,200/yr for water and $1,300/yr for sewer. We also pay $1,600 for trash removal (4...
Hello Forum,I need your guidance in understanding what is better option when it comes to financing the commercial properties (multifamily rental apartment bldg.) for around $400K between Hard Money Lenders and Private...