Hey Everyone,I'm wondering if anyone knows what the maximum number of individual rental leases can be on a single-family home in (Harrison, Kearny, and Jersey City).I'm thinking about renting rooms out individually to...
If we purchase a property with a a loan on an individual name and then transfer to LLC. How does the transfer work?The doubts we have are1) There is a due on sale clause or something that doesn't allow the loan to be ...
Looking for likeminded individuals military or non military who enjoy discussing ideas and investments and wanting to get to network with like minded people in multi-family near the Houston, Pensacola, Mobile areas. L...
We just saw today a huge collection of homes listed for sale by owner in the Jacksonville Florida area!!! They are discussing pre approved financing, package deals, fix and flip, and even development potential ! 90 ...
Basically, I want to make sure that my tenants will be able to pay if one of them ups and leaves, disappears, or gets hit by a bus.Is it ok to require minimum income of 5x for household and let's say 2x for individual...
I get phone calls on a regular basis about people wanting to rent out a room. The people that call me are refinery contractors here for work. I tell them NO. I rent out the entire house to a group of people that ar...
Just read a quote, unsure of origin.. “If you hang around five confident people, you will be the sixth. If you hang around five millionaires, you will be the sixth. If you hang around five broke people, you will be th...
Probably a stupid question....but how does the financing work if you use Property A as collateral to buy property B? Can you buy property B through a new LLC if you have a personal guarantee on the loan? Lender said t...
Last December I got into the Multifamily game, we have been underwriting deals from 10-100+ units. We have a lot of great investors, built a great relationship with a property management company when touring deals and...
I work with 2 partners and we're trying to branch out and expand our network of investors and lenders. One of my partners is a contractual lawyer by trade. He's been performing due diligence on debt and equity financi...