This is a 30 thousand feet overview of the process. Correct me if I"m wrong, then a couple questions at the end. Motivated Seller has a property in pre-foreclosureWe set up a Subject 2 agreement with the sellerWe pay...
I just finished my first rehab house, and I am about to put it on the market in oak forest IL. I will be doing many more flips and want to know if I need an LLC or an C corp? Dont really know where to start on this ...
Hi everyone,
my name is Denisha and although I am new to investing, I have aligned myself with a great company who is mentoring me through the process. I have always been intrigued by real estate investing bu...
Hi everyone,
I own a house that I plan on renting after I make some major repairs. Is a CL ad sufficient proof of intent for the IRS, or should I run a print ad before starting repairs?
Thank you!
I've been building my portfolio for a couple of years aiming at two things:- good tenant profile (working history, credit score, security deposit)- area reliability (easiness to rent, density of working options)I also...
Hello, I pulled a trigger - somewhat impulsively - last night at a meetup to make a purchase offer on a deal. I made a $2000 deposit on the spot. I think it's a classic, not too exciting but small and consistent buy-...
Hi,I am new investor who owns both a duplex, and the current Single-Family home I live in myself. I put 3.5% down FHA on the duplex 1.5 years ago, and bought my primary 6 months ago with 5% down conventional. I live...
Hi all, I have a tenant couple who moved in 4 months ago. They are requesting an addendum to their current lease because their relationship has changed. They were supposed to pay the rent jointly, as stated in the lea...
I have a duplex and am placing it on the market. It is owner occupied. I have posted my listing but I wonder if I am being too restrictive. I have had people express interest but they want to know the exact address no...
Hi all,We are facing significant challenges with a tenant in our 'rent-by-room' property. Despite only renting for two months, this tenant's aggressive behavior is creating a hostile living environment for other resid...