Julie Verardi
When to form an LLC?
Hi, I currently have two properties in Jersey City that I rent out and am working on getting my third. When would be a good time to start an LLC and switch the other two properties over? I currently have umbrella insu...
Kosh Vokter
Rent collection - safe collection methods
For making rent payment, tenant prefers to use Paypal with a business transfer (and not a person to person) option and Paypal charges a fee for that. To avoid that I suggested that they can make rent payments through ...
Elsa Viramonted
Your best mentor story
As I become more involved in real estate, I see the importance of a mentor. How have you found mentors and what is the best advice they have given you?
Scott Hollister
Buying a flip with two partners: How do I structure?
Hello all,I have a unique opportunity in my hometown. Its a great deal, good neighborhood, straightforward cosmetic flip. The property just posted last week and we didn't want it to go so I made an offer in my busines...
Andrew Wall
Can 2 LLCs trade their properties?
I have two LLCs (I own interest in both 50% interest in both, but the other 50% has a different owner in each) that want to swap properties. What's the best mechanism to achieve this? Both are vacant lots with the sam...
Garrett Masiulis
Assume, subject to, or a wrap? What’s the difference?
In terms of creative financing can you please help me understand the difference between assuming a mortgage, subject to original financing, and a wrap? I think I know the gist but want some reassurance. Working on a d...
Jessica Shell
Buy personally or make LLC (company)
I am about to purchase my first rental home. I do plan to purchase more in the future. My question is, when starting this, do I buy personally or start a LLC? Commercial loan rates are higher than personal, however I ...
Jorgen Salveson
Seeking help in setting up seller finance / contract for deed
My parents helped me to win a bid on a house by purchasing it all cash in their names. We want to smoothly and efficiently transfer the property over to me via seller financing where my parents will act as the bank an...
N Modi
LLC Conversion?
I recently completed purchase of my second property this year.
1st purchase was Single Family house. Purchased with cash and added Home Equity loan to purchase second property (condo).
Is it possible to transfer th...
Philip Johnson
Strategy around ten property limit for Fannie ?
It's great that non qm commercial lenders are out there but I am the biggest cheapskate of all time. I still buy from the value menu at burgerking and have a paid off car with 200000 miles. So I don't wanna pay that ...