John Reid
When to start an LLC
Hi guys, I am getting ready to purchase a duplex in the very near future. I am planning on owner occupying, but if it is fully rented that is ok too. This will be the first purchase of many that I am planning in the n...
Sarah Nowell
Hard Money Loan via GROUNDFLOOR
Investment Info:
Single-family residence hard money loan investment.
I decided to invest in a GROUNDFLOOR property with funds I've allocated specifically for hard money investment. The loan has an expected 1...
Fernando Tello
Who pay's utilities while in construction?
Hey BP Community,Is the first time I am doing a multifamily ground up construction. I hired a GC to manage the build out, but there has been no consensus on who is responsible for the utility payments (Water and Energ...
John Matthew Johnston
They're drawing on my Cabinets!!!
My first rental is a B class SFR, Rent 1500/month. I put all new finishes and it LOOKED really nice. I went to do my first rental inspection after 5-6 months( while doing a walk through with an appraisal company to BR...
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OPM books
Hi,
I'm a little confused about this whole OPM thing.
My money is currently held up in another real estate transaction that has gone totally wrong due to negligence on the mortgage side (don't ever use Meridian Mort...
Codey Yingling
Cash out Refinance - which bank to use?
My brother and I are looking to do a cash out refi on our duplex. I am curious, what is better; finding a traditional bank/local bank to work with or a non-bank lender (Loan Depot, New American Funding, etc..) Would...
Parish Benoit
Equity trade for a camper trailer
I'm wanting some feed back on how to write up a Purchase contract where the home owner will sell me her house for what is owed ($30k) with a value around $60k but wants a 20' camper trailer.Ok, I can definitely pull t...
Tony Nguyen
Are all my ventures at risk if my company is a member in all of them?
Hi everyone,My partner and I are starting a syndication LLC which for this example, we'll call TD, LLC. Let's say in the future we partner with a few investors and own 10 different properties and on all 10 of the LLC'...
Larry Majkrzak
Did you incorporate or form an LLC? Based in Illinois.
I'm a new agent in Illinois. As a licensed agent, are you incorporated or protected under an LLC? I was planning on doing so for tax purposes as well as lawsuit shelter. Not that I plan on being negligent but RE agen...
Russ Olivier
Smalls Claims Court - Dallas County
So yesterday I was made aware of a summary judgement against me by Dallas County from a prior tenant in one of my rental properties. Turns out my Registered Agents failed to notify me of the case, so I didn't appear ...