I am new in the Real estate Wholesale market.and I have some new Leads but I need to find out after we agree to the purchasing prices with the seller and sign the contracts, what is the next step?do I open escrow if I...
House is rented by 3 individuals. One left couple of months ago and replacement signed a new lease. Now they have reported to me that the refrigerator door is damaged. No one is taking responsibility as to what happen...
So apparently the IRS has revised the EIN application process. The change will prohibit entities from using their own EINs to obtain additional EINs. Here is the article directly from the IRS website: https://www.irs....
Hello!We are seeking information and guidance to determine if we should purchase a property as an individual and transfer to a LLC or acquire a business loan and have the mortgage in the company's name outright. Inter...
1) Can you get a lower interest rate by getting mortgage as an individual vs LLC?2) What is the best way to transfer the individual mortgage to your LLC post-close?Thanks.
I manage around 10 shared living space apartments in a college town so they are all 4 beds 4 baths and they share the kitchen and living room. Does anyone have experience having quarterly cleanings/ inspections? Aroun...
Hi Chicago folks. we have a 3-flat and we are looking at gutting the building to make the apartments individually metered for water and gas. Because our water bill is water, sewer, and trash, I'm wondering how this bi...
Hi all,So I'm preparing to rehab houses in the next year. I'm currently enrolled & working on the courses to satisfy educational requirements to be a RE salesperson in Texas.In one course, it stated that a busines...
Does it make sense to withdraw the max of 100k to invest in a rental property vs a flip?
Withdrawal from IRA?Due to COVID I have access to withdrawal from my IRA penalty free. The purpose of the withdrawal would be to put the money directly into a real estate investment. I will still will have some money ...