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I'm seeing conflicting posts regarding quit claim deed transfer to owner's LLC triggering a loss of title insurance so thought I will post this again. This is a property bought under both mine and my wife's name. I cr...
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We're closing on our first multi family property in a few days and will be forming our LLC soon to put our other rentals and this one in it. LLC members will be my husband and me. Is there any benefit to use an atto...
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Hi everyone- long time reader, first time poster. I started reading all the books, blogs, and podcasts about 2 years ago, and am ready to get into the REI game here with a quadplex!I’ve done my best to catch all expe...
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I am looking at a property that is a legal 2-unit apartment with an illegal basement in Chicago. I ran the numbers and it looks like a good deal, even without including the income from the basement (~$500/mo positive ...
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I'm looking for an investor-friendly accountant to help in preparing and filing my taxes. Does anyone have any recommendations for the Wilmington, NC / New Hanover County area? I would appreciate anyone who would be a...
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Myself and a partner are looking to begin a capital investing group for the purpose of acquiring multifamily properties focusing on manufactured and mobile home communities.
We want to make sure that we are starti...
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I’m ignorant when it comes to accounting…Does anyone have a P&L template that’s best for a strictly wholesaling entity to present to third parties accustomed to reading P&L statements? I see the P&L te...
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Hi all. I need some advice from someone with experience working with/building out non-conforming units in Chicago.I have a 4-unit 12BR4BA multi-family building (all four units are 3BR1BA) that also has a fully open 2,...
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If someone is selling a 4 unit with 2 units non conforming (top and garden). They already have a tenant in one of the non conforming units. How much of a discount should I ask for or is having non conforming units som...
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I want to buy a 16 units multifamily but the majority of the funds for downpayment will be raised from investors. If I raise $400,000 from 200 investors, would this create an issue with SEC laws ? The approach will be...