Hello all - I aquired a multifamily property last year and my hard money loan will expire in a couple of months, I was in the process of refinancing it, but the bank is requiring that the insurance policy to be on a r...
I spoke with two different lawyers that do residential real estate seller/buyer representation. They both said that it is common practice that people buy investment properties on their own names, and after a few weeks...
Hey folks,EDIT: Moderator - feel free to delete my post in the PRO forum because it's the same. There's very little traffic over there and I got no responses so I decided to post the request here in multifamily.I'm wo...
Hello!I'm working on a real estate investment project for a class I'm taking and I'm having a little bit of trouble fully understanding the equity distribution calculations (pref and hurdles). When you are calculating...
Brand new investor!I have cash to invest and found a housethat is bank owned and is in nice shapeexcept the cosmetic paint, possible bathroomupdate, and the big expense a new roof.It is a small bungalow 2/1 but everyt...
I am preparing (with the help of PPR Note Academy) to enter the non-performing note business. I plan to start fairly small, with the purchase of just a few notes. This looks good on paper, but of course I may turn out...
Hi everyone,I hope you are all doing well. I recently accepted a job in New York City and I am looking forward to moving in! That being said, I would ideally like to house hack but realize that this may be a significa...
To anyone that has an LLC for flipping, can I operate as a single member LLC and still hire general/independent contractors? Or do I need to change the structure of my LLC and put the contractors I hire as employees?
Hey all,
I'm in the final stages of selling my primary residence, in fact the closing was today. My wife and I signed closing docs and a preliminary settlement statement a few weeks back in preparation of a new baby ...
I was wondering if you had any input as to the closing costs that you typically conduct deals with and charge buyers and sellers.Is it different based on the state that you operate in?