Reginald Marquardt
Bought Building under LLC - Dividing the shares afterwards?
Hi
Bought a 2mil buidling last year with family members under a Limited Liability Co. and I am looking to sell "shares" of the LLC to another family member who wants in.
So 'cash out' a bit, if you will...
Nate J.
Buying a Building with open Violation - Chicago
Hello All,I am looking for a purchase in Chicago and came across a 2 Flat with an illegal (ahem .... non-conforming) basement unit since the ceiling is too low. Worst case scenario, it will need to be de-converted an...
Jade Smith
$200k in cash from HELOC, need to make a choice
Coming to you from Los Angeles. Need advice.
We've lived in our house for almost 10 years, during which we have grown about $600k in equity. We just pulled out $200k with a HELOC with the intention of doing some ho...
Account Closed
Garage Vs. Master Bedroom
Hello, I would like to begin by saying this is my first post in a BP forum! I am very excited to learn about the community and engage in discussion with other investors. My question is, should I or should I not conv...
Charles Worth
Q2 2015 Market Report: Manhattan Rents and Sales Prices Hit Record High
I recently looked at condos in NYC and the vast majority had carrying costs of almost twice the rental rates. Also, a number that actually sold had renters that were paying $1K a month less than the carrying cost. St...
Justin Walker
Beginner to real estate
Hello everyone, this is my first post on BP and I hope to post more. I am a full-time college student in Scranton PA and I work part-time. Through investing in stocks and saving I have accumulated a little over $7k wh...
James K.
Flood insurance premium 25yr FP vs 100 Yr FP
I'm looking at a property for a potential buy and hold that's currently in a 100yr flood plain, but it will be converted into a 25 year flood plain under the new Atlas 14 changes. I'm trying to asses what financial i...
Brent V.
Anyone trying to cancel Zillow/Realtor.com Leads
Is anyone that is currently paying for online leads trying to freeze or cancel their advertising? With much concern from viewing homes and sellers cancelling showings, seems like throwing $$ away for now...
Megan Arzt
Is this the time to repay my 401k loan?
A couple years ago a took out a 401k loan. I am considering paying this off now while the market is low (it had been so high I was holding off). I'm hoping that if I pay it off now it will ride the market up when th...
Alex Martens
Closed on my first duplex
Investment Info:
Small multi-family (2-4 units) buy & hold investment.
Purchase price: $279,900
Cash invested: $25,000
This is my first duplex in a highly desired area. The bottom unit is 1 bd 1b...