I'm considering getting a first rental. I'm considering getting an LLC mostly to protect current personal assets. Would you suggest to get the LLC or not and why? Is it possible to get a mortgage for the LLC?
Hi, I'm Dan and I am from Northern Utah, the Ogden area. I am not too sure what to say here. I have been listen to a bunch of bigger pocket podcasts and read everything I can find online, all this over the last 6 mont...
Hello. Looking for some guidance. I have spoken with an attorney briefly but would like some thoughts from others.Context:I had a 9 month tenant, upper scale property and tenant, $19K security deposit.Tenant vacated...
Hello,My wife and I are currently looking into real estate investing to create passive income. We are looking at long-term rentals of multi-family homes. We plan on using the FHA loan for the first purchase in order t...
I have a legal question regarding SCRA. I own in a military town and my tenant knew they only had 11 month military orders but they were willing to sign a 12 month lease. Fast-forward 10 months, my tenant is trying to...
Hey everyone, I'm a new investor who recently purchased a property in IL without doing the due diligence part because I forgot to do it at the time. I've since gotten the title search done and have received the sale o...
Hi Brain Trust,
My wife and I are purchasing a property in St. Louis, MO where we are both on the loan and title. I was planning to quit claim the property into my LLC after we close on the property. My wife still ne...
This is a long shot here but we've run out of options, wondering if any investors would be willing to fund a lawsuit to get our family farm back, we have 76 acres of prime land on HWY 12 in Sauk City, WI. Would be wil...
I am looking to invest in a syndication using my retirement accounts. I had intended to open an SDIRA to do this, but the operator of the syndication suggested an eQRP (fancy word for Solo 401k) to avoid UBIT tax. Bas...
Hi all,
When it comes to using an individuals private money to fund deals, how is the money typically handled?
I ask, because I recently met an individual on a real estate investing Facebook group who says he offers...