Hello all,First time posting here. I just got burned by turn key company in Birmingham, AL and desire not to repeat the mistake. I thought I can ask great group like BP before I dive into new investing this time.Sinc...
Currently in the process of purchasing a residential REO in NJ, but intend on buying property in Florida over the next several months, as well. The plan is to form an LLC, and as we are doing business in both states ...
I am looking for any advice and ideas for checking and savings accounts for rental properties for purchase and management stages. My questions include:-Do you have a separate savings account for acquisitions? -Do you ...
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...