Account Closed
Question about investing under current LLC
I am currently working as a Texas Notary Public, loan signing agent, and as such have already established an LLC for tax purposes. I am wondering if I need to set up a new LLC for Real Estate investing or can I use my...
Britt Placek
Didn’t get a complete estoppel agreement
Needing some expertise! Just bought our first place with inherited tenants. We got a very small estoppel agreement with the confirmed rent amount and that there was no deposit on a one pager. We have no information /b...
Freeman Schultz
What are the stages of buying a commercial property?
I am familiar with the stages of buying a single family home. However, I realize the process for buying a mixed use building or multifamily is different.I have done some online research to answer my question, however,...
MARY GIBILISCO
Self Managed Home Owners Association
It can be a nightmare. My association has been self managed since the developer turned it over to the Owners (12 yrs ago). We have had our secretary in place since the beginning (12 YEARS).Her husband a former fire c...
Thomas Swindell
How do you guys keep track of your receipts and expenses on flips?
We just closed on our first flip and I have monstrous folder of receipts and invoices. Do you keep everything on an excel spreadsheet? Do you scan the receipts electronically so you don't have a paper folder? I can...
Ryan Sauer
First time landlord as of Friday. Tax questions. Any tips?
Hello everyone,I became a landlord for the first time ever on Friday. My property is a 4-plex in Welland, all units 3 bedroom, 1 bathroom and a basement. Each unit is fully rented, so I provided each tenant with a new...
Mike Girenko
Can I keep security deposit if my tenant breaks lease?
Hi all,In Colorado, can I keep security deposit if my tenant breaks lease? My lease states that there is a lease termination fee and tenant also has to pay rent till new tenant moves in. But my current tenant will not...
Craig Moreau
Raising Capital for $2.5M deal
After their first deal I hear a lot of people say "I wish I had gone bigger". I want to go big on my first deal to make it worth while but I am also being realistic. I found a deal that I haven't moved on yet but I wo...
David Brown
HOA leadership as investor
I have made an offer to purchase a unit in a 4-unit condo complex. I'm having trouble getting the HOA's financials and other documents from the HOA's leadership. They say they are managing it "old school" with paper r...
Morgan Nandin
Helping manage dad's properties
My father recently asked for my help to help him stay "organized" with his rentals. He has 6 units. We flipped a house together 2 years ago and I was in control of budget and all book keeping. I have showed him the...