Ron Feinsod
LLC"s and removing property from LLC
I have several rental properties that are in an LLC. It is my understanding that the purpose of the LLC is to protect the owner from liability issues and that in order to do that each property should be in it's own LL...
Brandon Siewert
Selling via Lease Purchase in Oklahoma
I'm generally familiar with the lease purchase vs lease options and generally familiar with the risks. I've seen a myriad of forms which are generally the same. Where I need some advice or opinions are on the follow...
Jose Sanchez
Creative financing solutions for VA loan appraisal coming in low
I am using a VA loan and have had trouble with the appraisals being lower than what I offered and sellers didn't want to do a reduction in price. This is my second time in escrow and I have found an amazing owner occu...
Account Closed
How to have seller carry 1st/2nd conversation with seller
Hi all,Thank you all for the contribution. How do I have the conversation with the seller about carrying a 1st or 2nd mortgage? I want to put it in laymen’s terms.1st - Would you consider being the bank? I’d make a do...
Stephen G.
Hazard & Liability Insurance HELP!
Hello Everyone!!Thank you for taking the time to read and reply!I'm just looking for assistance or recommended contacts for help with procuring property hazard and liability insurance for properties that are in less t...
Myron Voorhis
Estimate rehab cost and time?
How do you estimate rehab costs and time? Do you roughly estimate or get very detailed? Do you leave it up to a contractor or handyman? How about if you do most of the work yourself?Do you add a certain percentage to ...
Joe Koppel
Rental Insurance quote seems way too high??
I'm buying a turnkey rental in KC MO for 81k and I was recommended REI Guard Home Insurance so I checked them out and got a quote. It was $831 to $892 per year for two different options. This seems sky high to me sinc...
Jack B.
Anyone reduce their risk rather than buying more?
Buying more real estate may increase your wealth faster, but at additional risk. Once you have money, even if just over a million, could it be better to reduce your risk rather than adding more risk by going into more...
Carrie Giordano
The Importance of Reserves
Countless times, I've heard the question asked "How much do I need in reserves?" While the answer tends to vary based on the investors' risk tolerance, I thought I would share my experience. As a background, I live in...
Joanne Mendoza
What are benefits and risks of a Land Contract w/a mortgage?
I put a Duplex on the market in Michigan and received a land contract offer. It presents itself well like buyer offered over-asking, the interest rate is great and financing for a term of 6 years with a balloon at the...