Scott Michael
Not sure if I have a deal, how to show to buyers without contract
Hi Guys,So I might have a wholesale deal but I'm not sure. I haven't put it under contract yet, my concern is that if I do and if the price is too high I won't have a buyer. So I would like to be able to gauge the int...
Maryann L.
How does personal credit affect LLC?
I have a partner who has all the resources, but poor personal credit. I have very good credit. We want to form an LLC, but if we try to get a loan, will his credit affect our chances of potentially getting a loan?
Zeb Wallace
Paying rent to my own LLC in a House Hacking structure
I live in one unit of a triplex which I own (i.e., House Hacking). Both this property, and another property that I own are in a single member LLC, of which I am the sole owner. Because I have been staying for "free"...
Alice C.
I am a private money lender. Borrower keeps filing bankruptcy
Hello experts,I lent money to a borrower to buy a property in Chicago. But he stopped interest payments after few months and didn't pay anything after loan maturity. I then engaged an attorney to proceed with foreclo...
Mary Jay
How one person can create a double member LLC?
Hi guys,Could you please help me out?Everybody keeps saying how if a husband and a wife own an LLC it is still considered as one member LLC. Also, its easy to pierce the corporate veil of one member LLC, and courts ...
Nick Ferguson
How to put money into LLC without "co-mingling"
Hello All, I have a newly formed LLC that I'm going to use to manage my one current rental property and all future rentals that I hope to begin acquiring in 2017. I just formed the LLC and opened up banking accounts ...
James Nix
Credit issue that I don't know what to do about it
Hey Everyone,I'm currently in the process of looking for my first house hack on a duplex or a triplex. I'm planning on getting a FHA loan and are saving up for the down payment and reserves right now. But the thing is...
Chavis Atkins
Deceased owner/no will/family refuse to inherit/how to obtain
Hi BP,I have a situation that I want to obtain a property that is in really bad condition but will make a great profit after rehabbing it. The owner of the home died just this February 2015 and he was dealing with can...
Sam Leon
Recent purchase inherited a overly simplified lease
My recent purchase of a triplex came with three tenants, and they all have leases expiring in May, August and October 2015. The lease is a one page lease mostly focused on how much rent and little other details.Now o...
Benjamin E.
Bartender as tenant?
Anyone ever have a bartender as a tenant? If so, how were they as far as being a good tenant was concerned? They cause any issues for other tenants, for example coming home late, etc? Thanks!