John Casmon
Tenant Left and Filed Buildings Claim
We had a tenant up and leave after not paying rent for two months. Subsequently, we just received a notice of violation with the Chicago Department of Buildings that list a handful of exterior items and mold in that s...
Daniel Klebba
Do I need an LLC for each rental house?
All,
I am about to get started in buy and hold rentals but I am wondering how other investors in Michigan set up their business? Do you need n LLC for each rental?
Any help is greatly appreciated.
Dan
Antonio Esquivel
Create a property management company, put it on the lease
I'm sure other investors run into this problem as well...I was going to create an LLC a couple months ago until I found 99% of banks wont lend to LLC, great. So I purchased my 2nd rental under my name again. And even ...
Matt Said
Can you 1031 a property from an existing LLC to a new one?
Currently have a Wisconsin LLC with 3 MF properties, we are currently selling 1 (but likely all 3) with plans to move the funds to invest in the South. Our CPA advised that it would be best to create a 2nd/new LLC in...
Nature B.
Hard Money Loan - What are the Advantages and Disadvantages?
I am looking for an investment property and the local real estate group that I've networking with often suggest using a Hard money loan. Can someone explain to me how that really works? I've heard that they can be u...
Dustin Smith
Creative Finance Questions
Hey all, Interesting situation here. I have two properties on my radar in my area, and I found out a couple days ago they are owned by the same individual. One is a fully rented duplex and the other is a former reti...
Jeffrey Evans
1031 exchange my primary residence.
How long would I have to be moved out and renting my primary residence in order to be able to sell it and do a 1031 exchange? thanks in advance.
Ty Clemmons
Hard money loans
I recently flipped my first property and it was a cash purchase. I want to start flipping houses with hard money loans. I want to get tips on the steps to obtain a hard money loan.
Chris Ayers
Apartment Complex full of Govt. Assistance Tenants
Checking out this one 29 unit apartment building now and spoke with the current PM who mentioned that:Most tenants are on government assistanceBuilding is old but condition is fairGreat cash flow. Converted hospital t...
Tom C
Strange Situtation
I've got a story. I recently purchased another rehab for rental and when I arrived at the home yesterday to work, there was a note in the door from someone (Calvin) that wanted to either purchase the home or "rent it"...