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Our property is in Lake County, IL and we are going through a 1st transition from 1st tenants to our 2nd ones. Tenants that moved out this month, left some damages behind (some repairable and some not) as well as didn...
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We have all seen and read opinions on what people just starting in real estate investing should do in terms of creating a LLC to own and operate each property. Most of what I have read speaks to the opinions for youn...
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Hello,
I was wondering if any of the seasoned real estate investors here have a RE license. Are there more advantages to having one? Increased liability? I'm trying to figure out what would be the best way for me to ...
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HI all, I had a question about bank accounts and what is the best way to manage this. I have chosen to go the LLC route for each property and was told the safe bet is to open a separate bank account per property to ma...
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A tenant is interested in buying the house he is renting from me via Land Contract. I have not done this before and would like some opinions on what to look for and how to set up the payment?
I am curious what commo...
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I'm reading Dave Van Horn's articleMaybe You Shouldn’t Start an Entity. Consider 4 Alternative Asset Protection Strategies Instead.And it got me curious. Almost everyone suggest getting an umbrella policy since it's r...
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I sometimes have to give tenants, what I call an "attitude adjustment".Below is an email that I sent to a tenant. In her email, she talked about invoicing me for when she had to talk to the utility company. I sent t...
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2-3 weeks ago i attended a Free Seminar- Winning the property wars with doug hopkins (he wasn't there). Im so Eager to start a Career in Real Estate investing so i thought there was no loss in coming. I would give it ...
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I debated on posting this because the incident has discourage me so much. But here it is:Last Friday I arrived home to a business card from a detective from our police department. I had just got home from visiting my ...