Eddie Gonnella
Follow along a Richmond Virginia BRRRR with a commercial LoC
Just closed today on a BRRRR property in Richmond, Virginia. Bought this one with three partners @Elan Radbil, @Ben Hutto and @Jake Guhy using a commercial line of credit.Purchase price: $95,000 4bd/3baRehab budget: $...
Rob Lee
How to Generate More Cashflow Before the Banks Stop Lending???
Hey guys! So My buddy and I were talking yesterday about the corona drama and our rentals. We were talking worst case scenario. He was telling me that he doesn’t make much from his 3 rental properties (3 SFH) and th...
Will Graves
First time investor - where to turn?
I am 28 and looking to start my first project. Ideally, I would love to find a multi-family rental property in the Philadelphia or NYC area. I live in Brooklyn, but am from the Philadelphia area. I have a full-time jo...
Andrew Whicker
Zoned as Duplex, rents as a Triplex
Hi,
I'm sure many of you have faced this issue before. I got an offer accepted on a Triplex that is zoned as a Duplex. The owner says the house has been rented this way for 8 years without a problem. I'm w...
Barshay Graves
Closing costs
What is a reasonable estimate of closing costs on a property about $150k?
Joshua Springer
Any legal/financial reason to have mortgage under LLC
My first rental I put under an LLC with a partner, my second was conventional with my wife, the next one i'm working on with my LLC partner should be moving forward soon. I originally had anticipated putting the loan...
Rajan Ch
300 K equity and 100 k cash in LA area what to do next ?
I am In the LA area and I bought a 4 unit in 2015 in the inland empire in Southern California and currently it has about 300 K of equity in it. The 4 units are all currently rented out and profit is about $300 per m...
Alison M.
Which Contract To Sell An LLC?
Hi All,
I am wholesaling a property by selling the LLC I created for the property. My question is, what contract do I use to represent this agreement to sell and buy the LLC? A regular assignment contract doesn't...
Johannes Schunter
Selling turnkey properties after 5 years to avoid CapEx?
Hi all! I am new here and so far learning a lot! After a profitable sale of my primary home (pure luck, bought a NYC condo in 2011 and prices went up crazy since then) I am now trying to come up with my own 10-year pl...
Rohan J.
What is the best type of entity to set up for a small investor?
I live in California and own a few properties in the midwest, and I have heard not-so-great things about using LLCs for small-time investors (i own mostly SFHs and townhomes), like it's more difficult to get a loan to...