John Rocker
No Mortgages for LLC's
I am a newbie and just established an LLC for the purpose of buying single family,duplexes and quads as buy and hold investments.
The mortgage broker just informed me that lenders will not finance a conventional mort...
Ben S.
Marbury, MD - 10 Homes for $40k, Major Rehab, Rent and Hold
I just closed on a crazy deal. This is a 5 acre property with 10 single family homes, each about 850 sqft, 30 minutes from DC, and is a complete dump! Piles of trash on the sides of the road, two of the homes have bus...
Molly Morlino
Our First Rentals! (pictures!)
My husband and I dreamed of these for the last 18 months... We pushed, paid things off and saved money... Did much of the work ourselves, and here we are! Landlords! (well, we are taking applications this week) The...
Jamie Dupont
Rochester NY LTR Tenant 4K damages
We have a LTR in Rochester/Greece NY that is under PM. We served the tenant 90 day notice as she was throwing massive parties in the home with complaints from neighbors, etc. Have not cash flowed the property for 2 ye...
Aaron Wyssmann
$1,000 gone missing...
So here's the story of the missing $1000…I work currently for a property management company and we have around 300 single family units. You can imagine that the first of every month is crazy with people bringing in t...
Allen L.
LLC owning other LLCs bank account best practice
Hi all, I was reading a book by Rich Dad Advisor Garrett Sutton and he mentioned opening a Wyoming LLC to hold LLCs operating in other states with weaker LLC protection. I wonder if anyone have done this?
My main qu...
Nancy Sathre-Vogel
Late fee scam by PM - security deposit
I've posted here a few times about a bad experience I had with a PM. The more I look into it, the more convinced I am that she knew precisely what she was doing - which makes me wonder how common this is. Unbeknownst ...
Zach Bollman
Purchasing Out-of-State Notes
Hello all,
I have been investigating notes available from MLS and other sources, but am a bit reluctant to purchase a note that is outside my state. My concern is working with the borrower should the note become non-...
Sandra Holt
Non payment due to medical hardship
My tenants just called asking if they could meet with me regarding payment of their rent. They have been in the property for three months and twice their checks bounced. The husband has recently had some serious medi...
Manco Snead
California Emigration Surge?
Greetings,
I'm looking to hear people's thoughts and observations of a potential increase in numbers of people moving from California and how it will affect real estate in the locations where they relocate.I grew up ...