Hello,My wife and I are new investors. We are starting out by wholesaling around the Lansing, MI area. I am wanting to learn a little bit more on the legality of wholesaling in Michigan and what are some of the common...
Hey everyone. I have one 3/2 residential rental property and want to scale up with a multifamily purchase. Do I need to start an LLC for each property? What other basic legal setup is necessary for managing rental...
I have a couple posts on here regarding our situation so I am not going to go into detail on this post. I was wondering how I go about finding an investor, experienced in purchasing REO's, negotiating for the best pri...
Hi everyone,
Just a quick question for you... FIrst of all, I am starting out as an investor. I have invested in the past and was a licensed RE agent for about 10 years. That was several years ago.
Since I had my li...
Hello everyone.
First time poster.
General Background
Newbie investor
No credit available (poor credit and repo due to major health issue).
Multiple tax years of returns due (nominal to no income)
Unplanned ow...
Context: I'm an investor-friendly real estate agent in Minneapolis/St. Paul. On this deal, I was representing a moderately experienced buyer whom I have worked with twice previously in a purchase of a relatively new ...
I spoke to my lender and he said it would be best to talk to a title company that would transfer from my name to an LLC. He said it was hard to do that versus doing it in a trust. I spoke to a lawyer and does not reco...
Hello everyone. I own 5 properties. One personal, 4 residential rentals. I do not have my properties in LLCs yet but went to speak to a real estate attorney today who suggested that I create a revocable trust and then...
I have a rental that will be available to rent beginning 9/1. The last time I had to rent it, I had half the notice and a lot of work to do on the place, so I didn't list it until it was ready to show, which was afte...
Been gone a long time from the forums, Hoping someone with tax expertise could help me here. My wife and I have 16 rental units in Kentucky and although we have an on the ground handyman we mange financial things rem...