I feel like Bigger pockets would be an ideal place to get some answers to this question:I want to use leverage to buy my first investment property (single family home).How do you guys go about the initial setup:Take m...
Hi, I was talking to a lawyer about drafting up a lease / rental agreement for me.He quickly suggested it is a good idea to setup a LLC, he said it is going to be $2500. He said then the tenant can't find out who I ...
Im curious to know if using a land trust is still an effective way to protect yourself or get around the whole "due on sale" clause when buying subject to? If not is there a more recent method that people are using.
Hi, I am based in MA but about to buy rental property in NY. If I were to form LLC to purchase this property, should I be filing in NY or MA? I will not be conducting any business in MA just collecting checks as I wil...
I purchased a bank owned SFH earlier this year and rehabbed it with money from my personal residence HELOC. The house is in an Llc and I am looking to finance the house to pay back my HELOC. So far in contacting local...
I have qualified for an FHA loan pre approved for $250000. I don't know which route I should go. Should I buy a duplex in a nice city outside Atlanta or should I buy a newly renovated house in Atlanta to use as an Air...
I bought a duplex that needs new kitchen cabinets, counters, and flooring throughout. Questions:1. What color kitchen cabinets hold up the best? I love the white look (and prospective tenants would too), but does whit...
Which would you say is best for a property owner on a commercial class B office building and why?The property in question is currently on NNN leases, the thought came up today to transition everything over to Gross le...
We have several year-lease rentals and just expanded into furnished nurse rentals. Two units are ready one will be finished next week. How are people with these properties managing their units? I am using Furnished Fi...
Hi, my tenant is 1 month late with rent. He always was in time, but switched jobs, and told me he was going to be late, and pay late fee and eveything on the 15th. So the 14th i got a call from another tenant, (its a ...