William Walker
Buying a portfolio of rental properties
I own a few SFH rental properties and have for years. Own my primary residence and have refinanced both so I’m familiar with the lending process/steps. I’ve been looking at local multi family properties which has led ...
Ethan Gidcumb
What are the differences of a Hard Money Lender and a Private Money Lender?
(Before you start reading, I think the overarching theme of this question is that the definition of a Hard Money Lender and Private Money Lender has changed throughout time. That can be the reason some people have dif...
Dale Crawford
Type of inspections
We just had an offer accepted on an older duplex in need of repairs. I definitely want to have inspection(s) done. My agent suggested instead of having a whole house inspection done to just get individual contractors ...
Matthew Shay
Underwriting properties in a portfolio
I am looking at some multifamily portfolio deals. How would you underwrite multiple bldgs in a single portfolio. I have heard some say to underwrite each bldg individually. Others say if they get similar rents and exp...
Garrett Tomini
Wanting to Switch Careers and Get into Real Estate
Over the course of the past year and a half or so I've grown very dissatisfied with my corporate job and have always had an interest in real estate and real estate investing, but wasn't sure how to get started. I'm st...
John Arendsen
For Folks Living In RESIDENT OWNED Manufactured Home Communities
Frequently Asked Questions:Q. Does our condo park and association need to become approved by FHA or HUD before FHA reverse mortgages can be insured? A. Yes. The HUD Mortgagee Letter issued new guidelines for manufactu...
Brian Cooke
How many water heaters to install in a 4 unit bldg?
If i put 4 water heaters in a 4-plex, then the tenants can pay for the cost of heating the water, but I have to pay for 4 heaters and worry about capex on 4 heaters. If I put in 1 heater then I have to pay to heat the...
Henry Centola
Real Estate Professional Qualified Time
Hello,If you’re qualifying as a real estate professional based on managing apartments that you own, can you count hours spent doing due diligence on future properties? For example activities such as searching for futu...
Account Closed
Investing as a Family: LLC or not?
Hello everyone! I am looking to begin investing within the next couple of years with about 7 of my family members. Most of us are on board with the idea that we should create an LLC to purchase investment properties...
Eric Fete
S-corp for properties: Hard to sell?
Hi allI had several properties in a LLC and in order to buy more my mortgage broker (very savvy guy) had me re-structure/re-characterize my LLC into an S-corp (essentially a LLC taxes as S corp). That way that one en...