Talked to an attorney yesterday (large downtown firm) about forming an LLC(s). She said you have to maintain it by having meetings, writing resolutions about decisions and keeping minutes. Really? By myself? How do yo...
Hi everyone. It's looking like 2018 is the year I pull the trigger on purchasing a multifamily. I understand the the pros and cons of holding a property in an LLC - better asset protection should there be a lawsuit ...
I'm trying to nail down my 1st rental property and one of the things I need to do is get a good estimate on repair costs via a walk through of the property. Since I've never done this before and don't have a construc...
I put up a blog about my issue. I had no idea what I was really doin, I was over charged, promised a title, put evey penny of my money, over ten grand, n idk what to do. I never bought a home bf n never thot it would ...
I househack a quadplex in a "C" class area. The area is quiet for the most part. We have teachers, groceries employees, and handyman, etc. But, there is one house in the neighborhood where a drug dealer lives. They pl...
Hello Everyone,I close on a duplex this week and have already pre-listed the top unit for rent. It's only the first morning of it being listed and I have received 5 showing requests already. The unit is listed at $120...
Any advice on setting up an LLC for our RE investments? Do we need to speak to a corporate lawyer or can we go the simple route of LegalZoom? Need to get it it done quickly for a hard money loan.
Hi, I'm paying for a 30 minute consultation with an attorney at Mark J. Kohler firm next week and would like to know your experience with this firm. I'm considering restructuring my rentals, the goal is asset protecti...
Purchased a property in my name with a 30 yr fixed mortgage (big corporate bank). Have sense formed an LLC. Planning to transfer into the LLC. Would love to know if anyone has done this and the bank called to load due...
Greetings BP,So I’m 19 years old, from the Chicagoland area and I’ve decided to drop out of community college couple of weeks ago. I realized that a traditional education wasn’t for me and it would hold me back from a...