Mohammed Milord
How do you build cash reserves when you are just getting started as a landlord?
I am in the process of looking at single-family properties for my first rental. I don't have any cash on hand for the cash reserves. Is it important to have the cash reserves already saved up BEFORE you acquire a rent...
John Thedford
Do You Like These Terms If You Are A HML?
I have a guy wanting some cash. He proposed the following:1.We get blanket loan of $150,000 - $200,000, net out 2 pts up front, 12% interest from day received at title2.Money is in title company and interest starts da...
Benedict A Hubbert
Has anyone used construction bonds on single family flip?
I ran into a situation on a flip where the GC was not insured or bonded. He hired a bunch of sub contractors who he didn’t pay even though I paid him. This was in Texas so the sub contractor put a lien on the proper...
Zoe Lee
failed septic tank causing water backup and tenants vacating
We bought a multiplex earlier this year running on a septic system. Something happened and caused the sewer water to backup into the units. We have already ended the leases with the tenants. Right now in the process o...
Leslie Coxon
Bird Dogging: Other Legal Questions
I just got done reading the post "Attention Birddogs: This is a Must Read For You! (7 Steps To Get Started Now)" There was a question raised about the legality of bird dogging. The conclusion was basically to check ...
Adriana Cortez
Holding Company LLC
I'm interested in setting up a holding company out of WY, with two LLCs under it in different states and build my paydex. I also want to set up an estate plan. Any recommendations on who/where I can reach out to for t...
Luke Salela
Looking for advice on markets to invest in Illinois IL
Hi everyone, wanted to reach out as a new investor looking for advice on what markets (cities) anyone investing in IL would recommend for someone looking to buy multi-unit properties from 2-4 units. I am located in Na...
Jayson H.
Lender admits appraisal is for "liquidation" value!
I'm under contract to purchase a SFR for $135k. I'd conservatively estimate FMV at $145k to $150k. The local credit union I'm working with to finance the deal has performed a $450 "real estate evaluation" (i.e. off-si...
Eyan Lakhani
New member from San Antonio
Hi everyone,I am Eyan Lakhani from San Antonio, Tx. I finished my PG in 'Strategic Management' from Toronto in 2012 and worked as a financial analyst for few months. I saw so many things around me which could have bee...
Brian Wall
Best way to Legally Structure Deals?
From what I've read on the Biggerpockets Forums in the US section, an LLC is the most popular for the liability protection, and the tax structure, and has less accounting headaches than a C Corp. However....here in C...