Eric Petersen
Costs to expect on my first payment via a conventional mortgage
Hey everyone, in your experience, how much in costs do you expect to see in getting a brand new or fairly new place that doesn't require repairs? $2,000? $5,000? $7,500? I want to make sure I get enough money saved up...
Alina Nicol
Frustration with general credit mentality
Day in and Day out I get people calling me for help. They want to buy a house. I have them send me a credit report and although I'm obligated to help I can't help wonder what these people are thinking. Back to back co...
Anthony Petrarca
Letter of good standing and 1031 Exchange
Hopefully someone can shed some light from experience.I'm in Rhode Island and going to do a 1031 exchange and my accountant needs to obtain a letter of good standing from my state. The accountant claims that I need to...
Ajeng (AJ) S.
Hard Money Lender under personal name
Hello all, I have been trying to secure a buy and rehab rental property for a couple of weeks now, it has been difficult as I am using conventional loan. We have been outbid by cash buyers. I’m trying to find cash,I’v...
Kurt Senser
Umbrella insurance company
Can anyone recommend an insurance company that does umbrella insurance for 4 or more properties?
Michael Jones
LLC and assets
It has come to my attention that a LLC is some what hollow until your business is considered commercial. Here is what I mean by hollow. Your LLC has no true assets or liabilities until your property is five units or g...
Tyson Begly
Title insurance for Alabama tax deed. Already have quiet title.
I acquired the tax certificate in 2017, and acquired the tax deed in 2020. The quiet title was completed January 2021 but Fidelity National Title will not provide insurance until I've have the tax deed for 3 years. An...
George P.
LLC-owned property and forfieted LLC
Found a property that is owned by LLC that was forfeited (according to the state data). Can the one-member LLC's owner sell the property after the fact the LLC was forfeited?
thanks
Tesfa Nicome
My seller hasn’t filed taxes on her LLC for 15 years
My seller has a property established in an LLC she hasn’t filed taxes for in 15 years. I called tax office and they informed me approximately 5,000 is owed to get the LLC in good standing.
Which I’m assuming will pr...
Jason Krick
Lowe's Business account, Personal guarantee, and LLC
I have a tendency to overthink things, so please bear with me. I hope I describe my thoughts clearly. As I continue my investment journey, I've thought about opening up a business account with Lowe's or Home Depot. ...