Anne H.
First Rental- Should we set up an LLC?
Hello,
We are buying our first rental property in MN and are feeling a bit overwhelmed with all the info. We have learned a lot though so far through these forums! What we are currently not sure of is if we should be...
Mike Franco
$1m equity, excellent credit, no income. What loans can I get?
I have a $1m house paid off. 830 FICO.
If I cash out refi, I can easily get a loan for $300k to buy a fixer.
After spending $50k out of pocket to repair, ARV is $500k. I want to further leverage the increased equity...
Jill F.
The police just called... my 25 year old tenant died (overdosed)
I can't imagine calling his poor parents... he was found by a friend that told police he was staying with tenant (without my knowledge). The police/coroner had taken his body out before they called me.I feel just terr...
Dan B.
Seller is trying to cancel a sale and threatening litigation
I find myself in a real estate purchase conundrum. BLUF: seller is trying to cancel our contract to buy and threatening litigation.
A bit of background, wife and I put an offer on this house. The process was going a...
Mark Prochovs
Inmigrating to USA with 1M cash
Hey! How are you? Today I was discussing with my family about inmigrating from Argentina to United States. We are a family of 4, my 60year old dad, 49 year old mom, 12 year old brother and 20 year old me. We got tired...
Neil C.
Other lists besides Listsource?
Hey guys - is Listsource (Corelogic) the best way to get leads, or are there other ways to obtain lists that are (1) better or (2) cheaper? thanks!
Oscar Macal
First Rental turnover
Hi everyone,I was just recently notified by my current tenant of my first BRRRR property that she will not be renewing her lease at the end of February as she is moving back to Chicago. She has been in my home for two...
Lee Krasulja
Need help on converting Primary to Rental
Hey guys,
I'm trying to compile a list of things I need to consider/review with my accountant, financial planner and attorney. My wife and I have outgrown our home and feel that the time has come to find a bigger ho...
Mary Joe
low cost cash flow ppty - pls help me understand
Can someone please help me understand the the reason why these low cost properties are so popular?
It seems that many people are purchasing these low cost properties that generate a net positive cash flow of about $...
Brian Garlington
Potential Renter asking for additional cleaning/painting be done
I'd like to get feedback from the forum as to this situation and how I've answered her.....I have a potential renter that has gone through the background check successfully, and I've talked to her previous landlords a...