Storm S.
Any Insurance Brokers on here?
Hello, everyone, I'm trying to figure out how insurance brokers function in California. Here is a description of the types of insurance producers in California from the department of insurance website. The following a...
Alethea Sealy
Late fees in Detroit, MI
Hi, I have an argment with an investor friend and need some clarity also to be a just landlord. So, when I started I copied the template of a lease from a property manager. It stated $50 charged if rent received on th...
Jenni G.
Fees, I understand but does this seem excessive to anyone else?
The required security deposit/move-in fee of $2795.00 breaks down as follows:Non-refundable administrative fee of $100.00--I get kind of like the $299 dealer doc fee a car dealership charges(Isn't that a part of busin...
Jeremy Paschedag
Security Deposit Separation
Over the weekend I heard third hand that, at least in Missouri, security deposits should be in a separate bank account than the main bank account. Supposedly it comes up if you're audited. I was told that you can use ...
Ton Ratana
Can I use my LLC to manage rental properties it doesn't own?
I just got my first rental property, the mortgage is under personal (myself). I then started an LLC to do property management on it.I plan to use this LLC as a landlord to do contracts with tenants and collect rents,...
Elaine Gee
Self directed Ira, Equity Trust or Broad Financial?
I'm in process of setting up self directed Ira acct either with equity trust or broad financial. Equity Trust charges very high yearly fee plus different fees for different services. So which company is better? Looki...
Trina Aguilar
Should I get a real estate license?
I'm just starting out in the property buying business. My goal is to start out small. Acquire --> flip small/medium sized properties and build from there. If I'm a novice, which I am, should I try to take a cou...
Ashish Yadav
REI Nation (formerly Memphis Invest)
Does anyone here have any experience with REI Nation (formerly Memphis Invest)? We have been interacting with them for the past two months and have had the following issues :-
1. Cash flow negative - On all the prope...
Max T.
Am I the mean landlord?
First situation: Apartment was advertised at $1400 for a 2 bed/1 bath house. Prospective tenants had 2 pets and we agreed to increase rent to $1430 (15/pet). Lease was written up with the 2 pets allowed and the rent s...
Josh Corby
Wholesale Fee Taxation
Hey Guys, quick question regarding the taxes I will pay on wholesale fees. I plan to have a separate SMLLC for my wholesale business. This LLC will be taxed as a sole proprietorship starting out. What are all the...