I am renting the basement of our house as a two bedroom apartment on Airbnb. Should we have this set up as a LLC? Right now we just have the rental income going into our personal bank account and a lot of the things w...
I'm trying to find an online service to obtain my Texas state ID #, in order to open a bank account for my LLC, here in Texas. I was told Legal Zoom could, however since my LLC has already been opened. Legal Zoom can...
Hello fellow investors! This will be my first REO offer and I'm completely new to this concept. I have reviewed the discussion boards and I am impressed with this forum's community like atmosphere and very informati...
I am considering purchasing a property in Texas, and I was told by the real estate agent that in Texas they don't have a 30 day due diligence period before earnest deposit goes hard!
I was advised I have to pay an "...
Ill make this as short as possible.....I have an elder family member who does not want to own a house, she wants to rent from my wife and I as we are trying to grow our portfolio.I currently do not have enough $$ to j...
The lender said that my Debt to income is too high and causing me not to qualify. I rent out my first home. I have a bank account to show that I receive rental income. But the lender is stating that he needs two years...
I’ve read through a bunch of forums on here trying to find an answer to my question but I am still confused. I am in the process of setting up an LLC to begin my rental property adventure. I am going to be starting ou...
I'm looking at purchasing a Triplex. I went to the County Auditor website and saw that it is zoned as a 2-family and land use is also 2-family. The city requires a Point of Sale Inspection which includes interior as w...
We recently purchased a property that we rehabbed and are curious how long we have to hold it before selling it using a 1031 exchange to a more expensive property.
Hi, I am looking at a house that had meth smoked in it. It was not a lab and the results came back at under 5% or .05 in each room. The problem is the furnace tested the highest which means it was sent throughout th...