I am already working with a mortgage broker and have run into this issue:I own a SFR outright, but the last tenants did a number on it. I wanted to roll repairs into a note and borrow against the property. Appraisal...
Based on the podcasts, I understand that it's advisable from a Liability point of view to have a LLC for each of the investment properties. But, as a beginning investor, I was told that a new LLC will not qualify for ...
I listened to a speaker who said he never does lease options on ugly/cheap homes, he only takes title subject to existing financing on those.Do you guys agree? If so would you walk away from a potential lease option d...
Hey there everyone, I'm 28 and getting tired of paying other people's mortgages for them! I'm seriously considering buying my first home when my current lease is up this fall, and from what various calculators are tel...
I have had a couple of discussions with a private lender and have a couple of questions to put to the group.The basics:The lender provides funds to cover the down payment and reserves for minor repairs on 2-4 unit pro...
One general question... Why is preferred or suggested to form the LLC that owns the RE rental property in the same state where the RE is located?
So, Im house hacking. In August I bought a 6 bedroom house in Tacoma. My intentions from the get-go were to rent 5 rooms and live in one until my 1 year seasoning period is over, then rent my room and move into the ...
I am closing on a Triplex in Aurora, Co this week. One of the tenants has 6 months left on their lease, but needs to be removed. The other tenants have witnessed drug deals, her apartment is filthy/borderline hording....
The absentee owner of the building next to ours hired a bad property manager, and his tenants have cost us $$$ because they vandalized our property and ruined our Airbnb business because guests do not feel safe anymor...
I'm torn because I told myself I would stay out of other people's business and only focus on my own, but after paying my quarterly STR taxes to the city of Austin, I'm thinking twice.
Austin is known for heavy STR re...