I'm working on a Sub2 deal and have been reading tons of posts here on BP. I know I need a POA but would like an actual example of the specific language some of you use to address the immediate and longer term issues...
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No Debt Is Freedom
Consider this:
Your money working for You when you own a residential rental property investment. The tenant goes to work each day to pay you to live at your real estate investment.
However, You a...
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Hello BP community. I am new to wholesaling homes in the Maryland area so at the moment I am trying to make sure I have all the proper information in order to complete a deal successfully. If I put a house under contr...
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Slightly high maintenance tenant brought cats into one of my SFHs. My property manager told them not allowed. They said they removed them. Months later a German Shepard is reported there by neighbors ( my best propert...
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Hi! I would appreciate suggestions about forming LLCs. I plan on doing most buy and hold investing. I will buy single family homes and rent them out.Should I form one big LLC for everything? Or should I form one LLC p...
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Hello All,
Renovating my first property and I made a rookie mistake, a major one--I found out that my first contractor (who came recommended) is unlicensed in California!!!
I am two weeks into redoing several of th...
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Hey Everyone,Settlement is next week for my first flip. I have some questions about how our profit/ payment structure is setup, here are the details:--- 4 Owners in an LLC taxed as an S Corp--- Myself and 2 other peop...
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When do you know it's time to call it quits on a property?
I have a SFH in MD that I purchased as a primary residence while living in MD from 2008-2010. I held onto it because I was (and still am) upside down and wo...
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How do you purchase rental properties and get them put under your LLC? Are you buying them with your name and then transferring the deed? What is the best route to get homes purchased and under my LLC?
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I am confused. I have heard Lease Option, Lease Purchase and Rent To Own. I am not sure I am speaking the same language when I refer to Rent To Own versues lease option.Can someone explain the difference to me? Her...