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LLC vs. Corporation?
Can someone please explain why it is better to form an LLC rather than Incorporating when starting a real estate investing business?
Thank you.
Andy V.
licensed, certified mortgage loan originator
I have been contemplating investing in the mobile home industry (units, not parks) to compliment my SFR investing. However, the more I dig into it the scarier it seems, largely due to my wanting to sell on terms to t...
Nina Zou
Can I ask my applicants to disclose service dog if they have one?
A friend who has a rental property just told me that his rental was ruined by a mom and a daughter tenant who never mentioned they have two giant dogs when they applied for the house. He did mention in his Ad “ no pet...
James Mccarthy
taking landlord to court over bed bugs and other major things
Hi all,I have been a resident for 4 years and there is a lot of work as far as paint, carpet etc. that needs done to get ready for a new tenant It was pretty much trash when I moved in and mentioned so on the checklis...
Paul Staszel
Using 401K to buy rental!
Has anyone used their 401K to buy a rental and receive tax free income ? If so, how does one go about doing so? Would I be able to make repairs out of pocket or does everything have to be from the 401K?
Scott Trench
"Preferred Equity" = "Second Position Lending" And Should Be Compensated Accordingly
When a syndication or fund wants to buy an apartment building, for, let's say $10M, they have two basic options to finance it:
- Debt
- Or Equity
Equity is expensive, as investors demand high returns. It takes on ...
Kundan Chand
renter complaining about cleanliness
Hi
I am 1st time landlord and chose to manage my home personally. We had signed a lease agreement with our renter which included deep cleaning of the home before they moved in. However the cleaner I hired did not do...
Michael Temple
Tenant asking for bug treatment
I received this text this morning from one of my tenants..."Good Morning, Mike! We have been seeing a TON of spiders and bugs in the house, and were wondering if it would be possible to get it sprayed. Please let me k...
Kim Handelman
HUD
Hi All, I found a good wholesale deal but the statement says "Is subject to HUD guidelines 24 CFR 206.125". What does this mean? Is this a house that can be wholesaled to a flipper?
Justin Wilcox
How to reject an applicant for rent?
I have a room for rent and I happen to know that the person who wants to rent it would not be a good tenant because they have had not paid their rent in the past and cause problems for other tenants. It was not docume...