Jessica Stern
Builder's risk insurance for BRRRR
Hello, I am currently submitting all my paperwork for a new hard money loan through my LLC (for a single family BRRRR in Philadelphia). I am adding a half bath to the first floor, so my lender has mandated that I get ...
Eric Thomas
Virtual Appraisal suggestions?
Does anybody have suggestions on any virtual appraisers out there who will do work for investors rather than banks? We have a property in a trust where the grantor has recently passed, and we need to establish a "ste...
Roy Mitle
paying for broken appliances
I use the standard CA rental agreement - the only change I made was regarding appliances.In my lease it is written that tenant is responsible for maintaining all the appliances. However, if an appliance breaks downs ...
Scott R.
Best way to transfer ownership to an heir in Georgia/Florida
My father wants to leave me 3 properties, 2 in Georgia (both houses) and 1 in florida (condo) [no siblings]. I would like to keep all properties and all attached mortgages. My concern would be losing the current mortg...
James LaFarr
Reserves for Repairs
For repairs, do you use a percent of gross rent or do you use a flat number, like say $100 per unit? To me, it seems to make more sense to use a flat number since repairs don’t seem like they’d cost more in a 1000 sqf...
Clayton Hutton
LLC Yeah traditional mortgage
Hello everyone, I was wondering if anybody else has experience with this. I am currently talking to a lender, I want to go in LLC route. He is saying that even if it is an LLC, anybody who puts money into the LLC has ...
Matt Haman
In state or out of state LLC
Scenario: I live in California and am looking at apartments out of state. The purchase would be made with a LLC. The question is do I need to create a LLC in the state the apartments are located or can I use a LLC cre...
Michael Swanson Jr.
What should I pay my contractor to estimate repair costs
I just partnered up with a general contractor who's going to come with me when view properties to give me an accurate estimate on repair costs. We have to sit down and figure out how I'm going to pay him. Is there a s...
Chad Vineyard
What are normal property management fees?
I'm starting to work with property managers and I'm wondering what is normal for fees?
Peter Welch
Pitfalls of Multi-Family zoned Single Family??
I'm considering purchasing a home that has a full unit upstairs and a full unit downstairs in a walkout basement. They both have their own entrance, kitchen, and laundry. The numbers look good for, me for the purchase...