Chris McDaniel
Anyone ever start a rehab project BEFORE you closed on the property?
I would love to hear any horror stories about this? I have a friend that routinely does this, he has been busted by the bank one time, they only gave him a slap on the wrist and told him to halt all work. I keep telli...
Dmitriy Fomichenko
Getting in trouble with self-directed IRA?
One of CPAs we work with sent me their client who have gotten themselves in some trouble with their self-directed IRA.
The client opened self-directed IRA with IRA Resources Trust Company. Then he created an LLC wit...
Sam Chan
LLC for airbnb
Hi I have my own business and getting my first Airbnb in CA. Should I set up an LLC for Airbnb for protection? Does a single member LLC provide the protection?
Alicia Collins
LLC or personal name for all-cash offer?
Hi All, My partner and I are getting ready to purchase our first investment property as an all-cash offer. I want to know if we should put our names on the contract or put an LLC name on the contract? We plan to rehab...
Manav Mandhani
Larger down payment or negative cash flow?
Hey all,I've been working with a realtor in Austin, TX looking at buying rental property in the area. Based on our research, it's going to be nearly impossible to cash flow in the area unless I bump up my down payment...
Nick Brubaker
Individual roofer with only medical coverage - do I hire or not?
Hello,
I have a rental property (sfh) that needs some roof maintenance. I got a couple recommendations and a couple quotes, both offering the same scope of work and warranty. One is an individual with only personal...
Tom Lybyer
How do you make cash flow in a hot market?
Used a 1031 to buy a rental. Used all the money plus brought in 20 k to make the rent low enough to make sense and be safe. My loan is 70 k. In my small unimaginintive mind, I can only see 70-80k loans to make cash f...
Randall Prosise
How Much Insurance to Carry For a 4-plex Unit?
I am purchasing MF for the first time, after only buying SF condos. I am shopping insurance for the two 4-plex units that are basically together as one 8 unit complex. The building is in Arizona, and consists of con...
Steve Anes
Dealing with insurance companies after a fire!!
One of my properties just had a fire last night. It was one that I intended to flip. My question/concern is this. Does anyone have any suggestions how to deal with the insurance company. I have never had a claim so th...
Vuk Dulanovic
Direct Mail Lead - Absentee Owner
Hey all, I began a direct marketing campaign to Absentee Owners with at least 70% equity and owned for at least 5 years in Brandon, FL. Today I got a call and had the following conversation with a seller that sounded ...