Mitchell Weber
Merging a property with my 50/50 biz partner
Hello,My business partner and I own an LLC 50/50 with currently 2 successful multifamily properties. Before we joined together, my business partner house hacked a duplex, we he still owns by himself. We manage our own...
Account Closed
Buyer hates the “finder fee” to assign a contract
Hey all,
I am trying to wholesale my second fourplex. Honestly wholesaling doesn’t even seem like a good word for it. I’m packaging a contract for a fourplex and am bringing a buyer to a seller.
I gave my buyer thr...
Aaron Ram
Can an agent represent him/her-self in a short sale transaction?
I understand a shortsale must be an arms length transaction but I do not see why an agent can't represent himself and collect a commission at closing?
I am going through a situation right now with my short-sale clos...
Moises Correa
Multi-family Refinance Question
Hi everyone - I wanted to get some thoughts on refinancing my first property that I purchased in Chicago in July 2020 (it is a 3-unit building and I am living in 1 unit). I financed the property using (i) a convention...
Robert Arnold
Squatting vs Storage: is eviction different?
Hey all! Would love to hear your ideas/advice. Our squatter is GONE! Well... sorta. Aug 17 posted 30 day notice to quit, squatter says he's actively looking for new placeAug 23, 2021 local power company posted 3 day n...
Robert Ortiz
LLC loan questions for first time investors
Good morning all and I hope this thread finds you all well. To start off, my business partner and I are new to investment properties and I have a few questions about loans. We have started a separate LLC for this new ...
Devon Cornwall
[CANADA] Entities Questions
Hey everyone,I'm a Canadian investor that is looking to start a 3-tiered corporate structure to enable greater tax savings. The issue I've had is in entity creation and legal rights for funds.My aim is to create a RE ...
Kruti Shah
short sale
We bought a short sale property and are in escrow - 7 days away from closing. The sellers are asking for $1500 to move out else they will void the deal - can the sellers do that? Buyers in escrow are not at all protec...
Listiarso Wastuargo
DO NOT INVEST IN CHICAGO
The numbers look amazing on paper. Heck, I've even done 3 successful BRRRs thereBut the fact that the city and the state it's so anti-landlord is very frustrating.I have a property in the middle of BRRRR that I've fin...
Linda L.
If there's cash flow, what can go wrong?
I know, a lot people are gonna say--a lot of things...:)
I have been reading people's stories here and tried to understand how people would get burned on rental property investing when market crashed.
-...