Christina R.
How to Conduct Business in 2 Family Owner occupied House - SMLLC
Hi all,I am in contract on a 2 family home in which i will live in one of the units and rent the other. I opened a single member LLC and have the contract in the LLC name with me personally guranteeing the loan, okaye...
Tabitha Alvarado
Holdings LLC and Properties LLC - Philly Rental License
Per my accountant's guidance, he suggested I set up two LLCs for liability reasons. A holding company that owns the assets and another that deals with PM/tenant activity. On the deed, TABS Holdings LLC owns the proper...
Yenlan Patton
Need advise for late paying Tenant and other violation
We have kinda complicated issue with our tenant here, first of all we have the contract signed by the daughter of the father who is the one paying the rent. Because the father has bad credit and want to help her daugh...
Ryan Franklin
Apartment complex deal - only accredited investors???
Hi BPers. I need some help! I am putting together my first deal for an apartment complex. I have lined up interested investors, but many of them are not "accredited." Am I only able to accept investment from accredite...
Lisa Sall
Should an architect know if a design will fit within my budget?
I'm a new STR investor and could use some advice about working with architects and contractors. I bought my first STR property and it's a cabin that needs a lot of work. I hired an architect to create the plans, and h...
Dee D.
Are you still investing in Colorado? Restrictive new law HB 24-1098
I keep seeing posts about HB 24-1098 which severely restricts a landlords ability to evict non paying tenants or restricting folks on rental assistance from the government.
Are you all still investing in Colorado l...
Brandon Heimsoth
Supplies vs Assets vs Repairs vs Maintenance
I've asked a similar question before but need further direction. In years past, I gave descriptions of expenses to my accountant and they figured it out for me. This past year, they charged me for the categorization...
Lisa Edwards
Bank CALLS US to buy a one off note
OK so, to qualify this, I've never bought a note before ....but I have paid attention and done some research. I have a property where the home owner is about 5 months behind on his mortgage and the bank is ready to ...
William George spear
Renting to non citizens
We are 2 years into rentals and are considering renting to a spanish couple that have been here over 20 years, have fin numbers and are gainfully employed. The husband has applied for a green card. the wife has not. W...
Mitch Freed
M&T Bank
I've got an interesting short sale going with M&T Bank. I'm wondering if anybody has had any experience with them?
The loan was a construction loan and the amt is 460K. The borrower hasnt made a payment since M...