Kyle Galloway
New LLC Financing issues-need guidance
My partner and I have formed an LLC. We have 3 properties that we are trying to transfer into the LLC through a Quit-Claim deed transaction. Simple enough. However two of the houses have financing on them through a ba...
Mark Bushong
Do I need an LLC to buy my first rental property?
Hi everyone,
I am a new investor in the Tri City area in Michigan. (Bay City, Saginaw, Midland). I am looking into multiple different multi and single family homes to start applying the Brrrr strategy to.
I am wo...
Gurjot Grewal
Need help, under contract, seller wants non refundable emd
This is my first investment property. I switched lenders after going under contract and they require 40-45 days to close vs 30 days with previous lenders. I ask for an extension, seller says okay but put another 1000 ...
Jeff P.
LLC cash out refi to brrrr? suggested lender? or alternative?
I have 3 duplexes in the Detroit suburbs, mortgage free (plus one sfh, with mortgage not pertinent to this discussion).In 2018, I'm looking to get the brrrr method rolling. So, I sought a cash out refi on the highest ...
Arthur E.
FHA Work Orders - Do bathrooms have to have outlets? [Wisconsin]
I have a FHA work order for a bathroom that has a outlet in the light. The work order says the light needs to be replaced with a light that doesn't have an outlet. But then it also says that a GFCI outlet needs to b...
CHASE LEWIS
Rental Arbitrage Contract
For the first time I am leasing a property I own to a business who is looking to lease our property and then turn around and do short term rentals with it. The municipality allows it but I am looking for additional te...
Nadav Swarttz
Getting Around the Due on Sales Clause when Moving to an LLC
Hi all, I'm looking to begin investing in the Boston area (Medford, Malden, East Boston, Dorchester, Quincy) and have a partner lined up. We're currently working on the partnership structure and trying to iron that ou...
Chelsy C
What are the risks using personal name for flip instead of business name?
We bought a property using our personal names on title. I wonder are we taking too much risk?
Due to we encountered a lot of issues, I starting to think of how to protect ourselves.
Frank S.
Switching Agents and Procuring Cases
Hello,I'm switching my current broker. I'm interviewing a replacement. This is a hypothetical question. What if I submit a bid on a property I saw with a prior agent? I will certainly notify my current buyer's agen...
Nanda Netto
Electrical Safety Report vs Electrical Permit
Hi! I need your help!
We flipped a house that had some electrical done prior to us taking over.
House is now under contract and we wanted to get the electrical work done permitted for our peace of mind. We did just...