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I live in California, and am looking to purchase my first rental property in Illinois. I want to form an LLC for it to protect myself, and have been reading about how California residents have very specific laws compa...
I've been researching markets to buy out of state, and I have pretty much settled on Ohio. My target demographic is C class neighborhoods. Not a war zone where everyone is section 8, but not a "nice" neighborhood eith...
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Hi all, First post on the forums...and we're getting ready to pull the trigger on a property to use for short-term rentals! Looking at a house near the Shenandoah River in the Front Royal region. Here's the airdna pag...
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My wife and I each have ~$100K in our Roth IRAs and we would like to explore individually buying turn key investment properties using a self-directed IRA; however, although I've read quite a bit about this investment ...
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I am renovating my NYC condo in preparation to rent it out.
I want to make sure I’m not overspending or underspending on my kitchen reno. Here are the numbers:
Expected monthly rent: $9,000
Kitchen Renovation bre...
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Can you guys enlighten me with a breakdown of holding costs? What do you pay? The price of the loan, utilities, insurance, and maybe half a year of property taxes or so. What else is there?
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Hi, I am in the middle of doing an interest rate reduction on my homestead (VA Loan) through Navy Federal CU. They mentioned that I can shop for my own title company. I have normally gone with the credit union's title...
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How will a tenant-buyer be able to afford an option consideration/fee of 3-5% of the selling price if they are not financially well off enough to qualify for a mortgage? One would think that if a person could afford ...
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Hello all looking for some help. I bought the BP lease for Minnesota thinking they would have simplified everything. Turns out its way more complicated to fill out then the current lease my PM is using. My PM is no ...
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Hi,
Can someone please post an example of the flex option contract or some contract that allows you to have an option to buy without putting up any consideration money?
Thanks in advance,
Mike