Lane Mcdonald
Necessary to have someone else do the accounting?
I'm just starting out, about to close on my first deal. Wondering if it's necessary to have a professional to the accounting work as to not mess it up for tax reasons. Or is it manageable by the owner and not worth it...
Account Closed
Is Holding Deposit Necessary If Lease Is Signed?
Hi all,
Tenant signed my lease today for move in August 1. Deposit and first month's rent is due before keys are handed over on 8/1. Since the lease was being signed I did not think to collect a holding deposit and...
Chris Ruud
Cash flow necessary for long buy and hold?
Hey everyone. First time poster here, but I've been reading up on real estate investing and this site a ton over the last few months, and I'm hoping to purchase 1 or 2 properties in the relatively near future to buy ...
Michael Didion
Is it necessary to establish LLC for rental
Is it necessary to create an LLC for a rental property to help limit personal liability?
Ben S.
Is the eviction process necessary in this case?
I'm looking to purchase a commercial multi-family property. It's been in foreclosure for a long time, and I was told that the previous owner has no information on leases or financials to provide. I don't believe any o...
Julie Marquez
Is it really necessary - Are there Insurance Alternatives?
I know insurance is just a necessary, but I just have to wonder if there is something else, something better, a better way to do it. On some of my properties I don't have to have insurance, so what if I just saved my ...
Chris Penny
Is it necessary to refinance in a divorce?
We are getting a divorce and I am keeping the house. My wife asks me to refinance asap to pull her name out of the house, mostly to make it easier for her to buy a house in the future because otherwise lender still co...
Greg D.
Business License Necessary for Flip/Rental LLC Biz?
I formed an LLC in Washington State, used the UBI I received to obtain an EIN and am now wondering if I need to also file for a business license too. According to these general LLC startup guides, you do, but I do not...
Adam Quinlan
Necessary Monthly Income to Secure a $250,000 mortgage
Hi!I am looking to make my first investment with a live-in multi-family in Attleboro, MA. I am 21 years old and self-employed. I was rejected by Norwood Bank last year as my 2015 & 2016 2-year monthly average i...
Ed B.
Is it necessary to pay loan fees upfront?
I'm applying for a $125,000 construction loan. Lender wants 1 pt. and is offering 5%, due in two years.He wants the 1 pt. ($1250) upfront. I told him I'd prefer it be deducted from loan proceeds. He claims it's refund...