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Hi; I'm new in this business and I currently have 2 properties that I'm renovating to resale. I purchased the houses under my name. I have been told that I should open an LLC for each property. Is it too late for me t...
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I know this is an investing forum, but does anyone know of viable foreclosure prevention resources? There are many people that claim to help for pay, but is there a way to viably vet them?
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I hear you should put your properties under an LLC to protect yourself, your savings & your home from anything that may arise from a lawsuit associated with one of your properties, but I wonder if that is just som...
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Hi,
My husband @Kevin Kovalsky and I own multi-families in downtown Manchester, NH. It is not the best area and We keep property management within the family and sometimes I get concerned for our safety.
Does any...
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My realtor happens to be my exwife and she was telling me over Thanksgiving dinner with our young adults that other landlords have been changing their leasing to 3 months rent up front and month to month due to the ho...
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I am closing on a multi-family soon and the mortgage will be in the LLC's name. All income and expenses will be handled by the LLC. The problem is that I am using a HELOC to assist with the downpayment for the loan. I...
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A partner and I recently closed a purchase of a property in Los Angeles. In speaking with the tenants we found out that there was a REAP (Rent Escrow Account Program) on the property. Doing some research, I found ou...
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My tenant of 29 days is asking for a month to month lease so she can find a new place due to roaches. She sent me this long formal letter asking me to change her annual lease to month to month because she is seeing r...
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I'm in the middle of a 1031 exchange with three multi-family properties identified and at the end of my 45 day window. I originally had two student housing projects in escrow and on day 43 of 45, the lenders backed ou...
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Hello All!I was recently advised that the best way to setup a new investor business is create two separate companies. Both a S-Corp and LLC. I was advised that an LLC should ONLY hold property (up to $1M) while the S-...