Jason Malabute
got property under contract and setting up llc
Hi guys,I finally have my first rental property under contract. As long as the inspection goes good on Monday I will have my first rental property. I'm so excited.Questions:1. When should I start setting up LLC to put...
Maritsa Cortes
Do I set up an LLC for my first investment?
Hey all!
I've found a property that I'd like to start my investment career with. It's a duplex and I'll most likely finance with an FHA or 203k depending on repairs needed. My question is... should/can I set up an LL...
Dominick Fatibene
Calculating your initial investment
Hi all!I'm hoping you can help me understand how you look at your initial investment amount. I purchased my first multifamily last year (and am now looking for a second). Previously, I added together the the percenta...
Matthew Spiers
Private Lenders Wanted
Hey guys. I'm wrapping up repairs on a duplex I own, looking to expand my purchases to multifamily properties in the SW Florida area, focusing only on Sarasota and Fort Myers. I'm seeking a private money lender that w...
Leonard Nester
Commercial Opportunity - Buying a Business
I have a great opportunity to purchase and operate a turnkey business. Being a novice , does anyone have any insight as to how to proceed? Are there any lenders doing 100% loans ? Any information is welcome as the com...
Matthew Karmazyn
LLC Operating Agreement Strength
I just purchased an LLC from Inc Authority. The guy is now trying to get me to pay for an operating agreement. I was planning on just finding some basic one online sine I don’t plan to have anyone else on this LLC eve...
Keith Schellhardt
What should I offer?
Have a property that I am currently interested in but really am not educated in understanding investment properties. Here's the deal:
7 unit building - 3 commercial and 4 apartments
1 commercial unit is occupied and ...
David Boley
Joint investing through LLC - seeking advice
Greetings, BP! After years of analysis paralysis, I am coming back around to real estate investing. To acquire more properties in less time, my nephew and I are thinking of forming an LLC together and pooling our mone...
Hugh C.
I have not received financial statement from general partner.
After entering into a PPM for multi family apartment, I have yet to receive any monthly financial statement from the general partners regarding said property. There are plenty of SEC requirements BEFORE completing th...
Charles Press
50% Rule & Taxes and Insurance
The 50% rule (or guideline) says you should not exceed 50% of your gross income in debt service.I.e. Principle and interest payment every month. Example, your gross rental income for the month is $1,000.00.Therefore y...