Johann Jells
Laundry in 4 unit: coin vs free?
I want to put a laundry in the basement of my 4U as an amenity. I've done it "free" in a 3U with success for the most part. In the "free model you build the cost into the rent. The upside of free is cheap machines, y...
Bryan Zuetel
California syndicators/operators and the FTB tax arm
Because of the long arm of the California Franchise Tax Board and what they consider doing business in California, my LLC will be deemed to be doing business in California, since I'm managing the LLC from California, ...
Eric Morales
private ownership vs LLC
I am just starting out.....I recently met with a lender who suggested I get financing personally as opposed to my LLC. Informed me that it would be more difficult and expensive to secure financing as an LLC. My conc...
John K.
fixed rate for investment LLC properties from portfolio lender?
Does anyone who works with a portfolio lender and has their rental properties in a LLC have a fixed rate mortgage? Or are ARM's the only way that banks will finance buy and hold rentals in a LLC? My Realtor just ...
Vicky Kalashian
Cash out refi, debt to income ratios and acquiring more loans
Hi all! We have a paid out rental that generates a net $1400+/mo that’s worth about $235k. We want to purchase a $140k fixer we’ve identified by using a Cash-Out Refinance of $170k (30 for rehab). ARV is like $215-22...
Max Pallatt
How do I structure this deal and lock in financing ?
.. I've made a few RE mistakes in my days and, although not my
current profession, I'd like to think I've learned a lesson or two in
RE. That said, I came across this possible deal but am not sure where
to star...
Eric Makarenko
Buying the property next door.
Hello. My wife and I are considering buying the property next door. It is land with an abandoned, run down house on it. What is a good way it can be purchased with little or no money down? Only have 10% to %20 to pu...
Danielle Brodnax
When purchasing my investment property through an LLC...
When purchasing my investment property through an LLC, at what point during the transaction should I incorporate the LLC, with the address of the property as the name of the LLC?
Nick Montville
Has anyone negotiated to get utilities turned on for an REO?
Hi all,
I'm looking at a potential first property for a house hack. It's a Fannie Mae property, 3 family. Needs very little work but the gas has been disconnected and meters removed, and there's some minor plumbing re...
Victor Gutierrez
Bought a duplex and turning it into a triplex
Hi all,I bought a duplex last year. Some info about the property; the house has “two apartments”, but the attic was partially finished when I got the house, now I’m doing some renovations in the attic which was being ...