Vivek R.
LLC for Multi Family Property
Hi,I just bough my first 6 fam unit in RI. I am thinking of forming an LLC soon. I am wondering if folks can answer few basic questions : 1) I am based in MA - Should I form LLC in RI or MA?2) Is forming LLC is a pr...
Corbin Wafford
House-Hacking: Beginning of a Journey
Hello,I started reading Set for Life by Scott Trench, great read so far! A big proponent of the book that Scott seems to adhere to is the idea of house hacking. Which essentially seems to be the best way to propel mys...
David Oldenburg
Private Money Loan Doc Software
I want to know who uses loan doc software to create their NOTES and disclosures when they lend their own money? Who do you use and why? I usually have the title company create the NOTE for me with their generic prog...
Rich Weese
Yes or No?????
Would you spend $2000 for a course on how to buy and flip properties? If not, why? If yes, what would you require from guru in knowledge, experience and time?
Especially interested in those that have paid fees l...
Dana Powell
Is this quote for a no-doc jumbo 30-yr fixed loan competitive?
Hi All. Newbie here and would like some advice. I have 2 rental properties both on 1-year ARMs at 5.25% amortized over 25 yrs that I need to refinance. My credit score ranges from 650-705.Property 1 $1.7 million val...
David B.
Design and Construction Progress-Based Payment Schedule
Any feedback on this progressed-based payment schedule for a $450K remodel project?Should there be more specific milestones like flooring, appliances etc? Possibly withhold a little more for job completion? Maybe 15%....
Jordan Burnett
Multifamily Syndication Refinance Implications for LP Investor
Hey guys,I'm looking for some guidance on how to know what the implications of a refinance are for a Limited Partner in a multifamily (or other) syndication offering. If it's not explicitly stated in the PPM, is the e...
Mark Mitchell
I have a situation to see how to handle it:
I found a motivated seller who resides in California and owns a property that was deeded to her by her parents in Little Rock, Arkansas. The price started at $24,000 and we negotiated to $14,500. I went to look at the...
Beth L.
Questions--How to use a Property Management LLC as the "face" of my rental business
So currently we have a number of duplexes being held each in its own LLC, with separate bank accounts and everything. I feel that before this venture gets too large, that I should create a Property Management LLC to b...
Hind R.
What if Residential Seller Files BK After I Wrap Sellers Loan?
I'm researching doing a wraparound deal in TX. I don't have a lawyer yet, but I already have two pages of questions before wading into something that is new, risky, and unknown territory for me. The question that just...