Michinori Kaneko
Buying property with a Lien on it
Hi, I am in contract to close on an apartment building, but while closing we found that there was a lien on the property. Basically it's a lien stating that the service company (lets just call them company A) gets exc...
Account Closed
Bought a 9-Unit as a Broke Law Student w/NO Money Out of Pocket
**This will be post 1/2. I will post an update w/pictures and final numbers after refinance**
Please read and let me know what you think of the deal!
I'm a 26 y/o full time law student in the DMV area who graduates ...
Jack Plantin
First time househacker with a few questions
Just bought a two flat (6 bed, 3 ba) in Chicago's Hermosa neighborhood. PITI is $2350 (FHA on a 380k house)
Wife and I will live in the 2nd floor unit and plan to rent out the 1st floor for $1500 a month. After expen...
Grace Donahue
LLCs and Utility Payment
Hey guys,My dad and I were wondering what we should do when it comes to LLC's and Utility payments. Should we have a one LLC to one property ratio or would it be better to have multiple properties under a few LLC's? A...
Account Closed
Tenants Robbing Packages and Stealing Free Wahser & Dryer Use
It us hard to believe that we own all C+ Grade apartment buildings and also have many tenants who steal other tenants mail, packages, rob cars, put slugs in washers and dryers, stole the entire set of 28 mail wall-mou...
Ben S.
How to generate additional income from my 10 unit property?
I have a property in southern Maryland with 10 single family homes (around 950 sqft each, most 3/1) on 5 acres. It's my own little community as its in a pretty rural area. The homes are roughly in a circle with a smal...
Tom Canterino
First time triplex offer
Hi everyone,
I was hoping to get another opinion on the below deal. It will be my first triplex purchase. In a really prime location in Rhode Island. On a country club, safe location, renovated 1st and second. Keep ...
Brian Schroeder
Business strategies
I'm thinking about opening an LLC in Nevada or Wyoming, for asset protection. I'm currently living in Illinois (land of sue everyone for anything you can think of), so I was planning on starting a limited partne...
Jay Feldman
Finally took the jump.
Hello
Up until now I have been buying, rehabbing and selling. (mostly SFH) I just closed on my first rental property I plan to rehab and hold. As it turns out a REO came on the market two buildings down at the same t...
Lee L.
Investing account suggestions
Hi everyone, Where do you all keep your money while it's in limbo. Trying to consider if i should keep my money in a investment account so i can have it sit on the stock market and accrue larger returns while i wait t...