Greg Wilson
Start up expenses and Quickbooks - Please help.
Good Evening my fellow Comrades, I have a few questions I hope someone can help me with. I purchased a buy and hold rental property last year (2019) and have just completed a complete rehab of the property. I spent $1...
Alex M.
Funding a purchase when buying with an LLC
Question in brief: When buying with an LLC, do you need to have a bank account tied to the LLC, or can a member finance the purchase, while the LLC takes title of the property?Here's the scenario: So I'm in the proces...
Bob Romano
Tenant wont give phone number?
My tenants phone has been working fine until the first month he took residence. Since then he has been consistently late by a few weeks for the rent. Now I call it and it goes right to vm. I went to the house to tell...
Omar Rivera
The thought process and goals of an investor
Hello Everyone, I am working with a team of programmers, engineers and financial consultants to create and submit a business plan to our MBA curriculum's final competition. I do plan on actually creating a technology...
James Wachob
Investing In Real Estate With Your IRA in Memphis, TN
As you know, real estate is at a 30 year low right now in many markets. Recently all over Wall Street Journal, New York Times, and countless other publications there have been stories about big Wall Street companies ...
Bryan T.
Preapproval... What if bank statements and tax return don't match
I have never purchased a home before so I am wondering if the conventional mortgage preapproval process is similar to an IRS audit. For the preapproval, what if bank statements and tax returns don't match? Do they che...
Franklin Romine
Bought 1st Mobile Home Park in CA...Collecting Rent and Fines
Just purchased a 24 unit Trailer Park, purchase price $300K. All the trailers are tenant owned. There is a long term onsite manager. Currently a 3rd party reads electric meters, prepares a statement for each tenan...
Wesley W.
Rent payment grace period
Hello folks,Okay, here's an issue I would love people to provide input on. In our rental agreements we give a 5 day grace period before late fees and pay or quit notices are generated. We only accept payment through...
Chris Sukala
What could happen with this tenant
So here is our issue? This past January a couples lease was up, so we sent them a renewal. The wife texts back my wife and states they are getting a divorce and she’s leaving but husband is staying. Husband send back ...
Eric Barnett
Series LLC - Process
I've read thru several posts but wanted to get a clear process or steps for creating a Series LLC and then how to move forward with each new acquisition. My understanding is as follows:Parent LLC - owns all cells and ...