Douglas Rice
Partnerships in Midwest
Question for the group. Here is the scenario.
Three persons want to invest together and start a buy and hold portfolio. How should they structure the LLC?
Person 1 - real estate agent in market, will source the de...
Michael Jobe
Referral/Finder's Fee Agreement
I was contacted by a colleague based out of FL whom is representing a group of investors seeking off market properties as their buyer's agent. I was able to find a bunch of property for them and our verbal agreement w...
Johnathon Kim
General Contractor Referral?
All of the books I'm reading are telling me to ask experienced investors for GC referrals.. So does anyone here have a GC they've had a good experience with? :)
Also while we're on the topic of GC's, do you all pay y...
Shera Gregory
Contributing 100% of salary to SD 401k as ROTH
I have a SD 401k which has an LLC as the plan sponsor. I take distributions from the LLC as the single member. I want to start putting 100% of my distribution into the 401k as a ROTH contribution. If my normal distrib...
Suzanne Lee
Buying wholesale or rental for first time
I have been thinking about either wholesaling or buying rentals either long-term or short-term. I have read where it recommends that you get a realtor. It seems like you may not need a realtor if you’re buying Wholesa...
Jeff Bridges
Damage from upstairs neighbor/ Association
I recently had a condo rental apartment unit incur some ceiling damage from upstairs neighbor toilet leak issue. It went back and forth and ultimately association agreed it was some sort of drain overflow and therefor...
N/A N/A
Mortgage Broker Commission
I think I have an idea of how a mortgage broker makes commission, but am still a little unclear. Could someone explain to me how a mortgage broker would receive his/her commission on a mortgage of $200,000 at 6.5% in...
Daniel Vikhtinski
Minnesota Partnership Questions
Hello everyone,
I found a fix-and-flip deal where all the numbers look good except for the fact that I don't qualify for the loan due to not meeting liquidity requirements. Unfortunately, this means that I have to ...
Christopher Salazar
What do you expect out of your Project Manager?
I live in Chicago and have a project manager running all my rehabs in the Quad City market, and we buy about 8-10 properties per month in that market. If you have used a project manager in your business, what are your...
Gayle D.
Urgent Repairs
Two and a half months ago a car crashed into the wall of one of the bedrooms at the unit we are renting. It has still not been repaired as the owner was not prepared to pay the $100 excess. Apparently the Insurance c...