James Sanson
How do you start something like a REIT
We have investors who would not qualify for a REIT, but they have money to go into an LLC that I own and to do buy and holds with me. I will maintain XYZ% of the LLC and sell off portions of it to them. From a forming...
Chris Masons
Investing passive Real Estate income elsewhere....
While this forum is primarily Real Estate driven I was wondering if there was anybody that took there income earned through Real Estate whether it be via rehabbing,buying and selling, landlording ETC. and invested...
Mohammed Nasser
Recommendations for things I can do about a homeless camp behind my complex?
Hi all,I am located in California and purchased an out of state investment property (condo) in Dallas, Tx in March. My tenant informed me that some homeless people have set up tents in a vacant lot that is located beh...
Donna Pattani
Closed today SFR with existing tenants, no rent at closing
Just closed today, May 10th on a SFR in Austin that cash flows $800 per month.Went back to the title company to get the keys and checks, got keys and security deposit check.I said the prorated rent check is missing an...
Nicholas Denning
Security Deposit Return
Hey guys. My sister was renting an apartment in downtown Denver. Per the lease, the leasing company had 60 days to return her deposit. She just received a letter from them, 71 days after stating that they are not only...
Account Closed
Seller Returned Security Deposits before Closing
Our closing is scheduled this week for a multi-family purchase, and we just found out that the seller returned the security deposits to the current tenants. We are inheriting the tenants in this purchase.What recourse...
Terry Giancaterino
Transactional closing question
Say I have to do a transactional closing and my mother is going to provide the line of credit or proof of funds letter. In the transaction, does any of her money ACTUALLY get used or is it all just paperwork on the d...
Daniel G.
Sale or Transferability of Partnership Interests, HELP!
Hi Guys,My question is about ownership and the transferability of ownership interests with limited partners (investors) in a multifamily property deal. How do you guys address the sale or transfer of partnership inter...
Jasper Cooper
How do you hire your kids?
Hello,After hearing about it on Tom Wheelwright's podcast, I want to hire my daughter to help out with our real estate business. She is a mature 7 years old, and would do great at cleaning the hallways and common are...
Linda Thomas
Security deposit refunds
Hello,
Do you charge an administrative fee when drawing up an itemized list for the security deposit refund? if so, how much? does it vary by state? this is from google? property owners operating in the state of P...