I am a new real estate investor and can see the benefit to both paying down a property quicker using the rental’s cash flow (ex. paying down in 15 years than the typical 25 year amortization) which opens the door to u...
I'm looking to lend money to an investor in my network to complete their renovation and would really appreciate some help with an attorney that can create the verbiage for our agreement. The project is two side-by-sid...
Hey guys I need some help! I have a 4-Plex that the owner is willing to seller finance the note for me. The purchase price is $750k and the owner has a $150k mortgage on the property. If I purchase the property I have...
Hello! Can anyone suggest an insurance company that is comfortable and used to insuring vacant soon-to-be-remodeled, mixed-use, older brick apartment building? As in, comfortable with the vacant part, AND comforta...
Hi guys,
My plan was to purchase a 2bed 1 bath house in Hawthorne or Lawndale for ~500-600k. Live in it while I do cosmetic renovations for 1 year. In addition, at the same time, I would drop 80k-100k to build an AD...
A tenant who has moved in for a few months to my fully furnished apartment in Chicago and had quite a lot of requests and complaints recently made a request to change the mattress after sleeping on it for months and c...
Hi All,
I've read some previous posts on this same scenario but I am still not understanding the right way to structure/approach this.
I did a quit claim deed on my properties to an LLC. I own them outright.
I want...
Hi Guys,I am 72 hours away from closing on a home, and my mortgage company is demanding a "comfort letter" attesting to my self-employment. The CPA who filed my taxes won't touch this and they just rejected another CP...
Hello. I am interested in selling my rental property to the tenant that lives there. I would love to do this without an agent to save some money. Has anyone else done this before and can share their wisdom? How did th...
It seems to be an interesting proposition as you can leverage your net worth to gain equity into a deal, but of course there is downside risk if the deal goes belly up, requires additional capital, or if the loan turn...