Rocky V.
"Sub2", Mortgagor filing bankruptcy
The mortgagor of one of my "sub2" deals asked me if I would be effected if he/she files bankruptcy. Currently home is deeded to a land trust. I own several "sub2" homes and this has never come up. Has anyone experi...
Account Closed
Good Local Bank and Contacts
All - I have two residential investment properties in College Station I own debt free (value is $180k each) and am looking to do a cash out refi into my LLC to free up cash to invest in Houston. I'm looking to build ...
Joshua Hively
Where do we keep the piles of money!?!?!
We always talk about putting money aside for things like vacancies, CapEx, repairs, property management and such. I would love to hear the different opinions on what people are actually doing with said funds. I can se...
Margaret Feit
Properties Titled Personally but Reported on Partnership 1065
My husband and I have an LLC with a 50% split in ownership, taxed as a partnership. We own several rental properties, which we run through this LLC. We have separate business bank accounts and credit cards and run all...
Robbie Best
Starting Syndication - SFH (BRRRR) or Apartments?
Hi All! I am starting a syndication and have several investors looking to be limited partners. I'm looking at properties out of state near Kansas City right now. I have 2 asset types in mind, SFH and apartments. Gener...
DG A.
Evict Tennant from Oakland CA Duplex without "Just Cause"
Hi Everyone, I have read measure EE "Just Cause for Eviction" rules in Oakland. I see that the rules DO NOT apply to a property of 3 units or fewer, where the owner lives in of the units. Here's the language from the ...
Justin Turpin
How to structure 60/40 split with investor?
New here and still learning…
So I walk into a local store and meet the owner (super nice guy, late 50’s) and get to talking to him for a while. Turns out he’s a REI as well as a business owner in his hobby/trade. He’...
Aaron Olsen
HELOC Lender in San Diego, CA
Looking for recommendations for a great HELOC lender in San Diego, CA (rates, responsiveness, etc.).
Wendy L.
Is $400 Too Much to Replace Ceiling Fan & Garbage Disposal? (JAX)
New-ish investor and happily plugging along with three props in JAX. Just had someone quote me $400 plus materials to replace a sluggish ceiling fan and nonoperational garbage disposal. Seemed a bit high to me. Wha...
Leon Lee
Conventional loan on multifamily property
Hi, AllI have a question regarding the conventional loan on a triplex and would appreciate your information on it:Suppose I want to house hack a triplex and plan to move in to one of the units. Currently the other two...