Mike McConnell
Separate LLC for each rental
#BrandonTurner mentioned he has a separate LLC for each of his rentals. Have you setup an LLC for your rentals, if not one for each? If so what is the benefit?
Ken Rishel
Delinquency Rates
The State of Illinois recently passed a statute into law that allows regulators to examine and publicly report on delinquency rates, as well as take action against lenders whose rates are too high. While the statute s...
Rodney Miller
When does an investment become a security?
I was under the impression that when you pool together investors on a syndicated deal, you have essentially created a security. I was having lunch with a local syndicator with several deals going and he told me that ...
Melissa Rivera
Wholesaling guidance, steps to follow?
Newbie here! Looking to possibly do wholesaling to build up and eventually do rehabs and holds.So is there anywhere or any guidance on wholesaling like in steps I can follow? Oh can you wholesale a property that has b...
Jessey Kwong
Junk/Vehicle on a property...is it mine?
I recently purchased a piece of vacant land property with junk/vehicle sitting on there.Can I consider this my belonging since nobody has come to claim it since the last owners for several months? I’ve got an RV (mess...
Ryan Dossey
FHA to investment?
So I have a beginner question. I was speaking with a guy I work with who has just recently started in REI. He bought a SFR 3/2 that was a foreclosure for right at 50k a few months back. He decided to rent it out and ...
Tanya Jarvis
Do I have consumer rights?
I hired this contractor for the second time in 2 years. Illinois has had some significant hail/wind storms and our house fell victim. We needed a roof replaced as well as one side of the house (vinyl siding). State Fa...
Arjav Parikh
removing incorrect listing from auction.com
I recently purchased a mixed use building (vacant) in Newton, NJ, working on remodeling the building. Another property two doors down went on the auction.com for sale. Auction.com put in incorrect property address ...
Christopher Toth
Would you buy a rental in a FEMA 0.2% chance flood zone?
what are your thoughts on purchasing a property that is in a FEMA 0.2% Annual chance of flooding zone for a rental?
William Glass
Be Careful With Whom You Do Business.
I have been educating myself on my local market for a year and a half now and have a couple of buy and hold deals under my belt that I acquired in the last 6 months. A colleague of mine is interested in getting starte...