Joel Florek
Purchase Agreement for an Apartment Complex
I am in the process of negotiations with the owners of a 16 unit apartment building. I was wondering how people usually write up purchase agreements, if they always use a lawyer, consult a realtor, or they do them on ...
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LLC and getting a loan
I am thinking of getting into rentals, and would like to form an LLC to purchase my properties.
QUESTION: Can a newly formed LLC even get a loan from a lender to purchase a property, given that it has no credit histo...
Alex Johnson
LLC Name sufficient for close?
Need to close escrow on a transaction on Monday, October 13. It happened fast. And I need a new LLC to take title with. If I reserve a name officially, can I use that even if the rest of the process is not finished?Pl...
Richard Fish
Tenant moving out with 9 months left on lease
I just recently purchased a duplex that and I am moving in to the 1st floor and the 2nd floor unit was rented. The tenant had signed a 1 year lease until July 2021. The tenant just called me last night and stated that...
Peter J.
The seller cannot close on the date agreed
What would you do if your seller couldn't close on the date agreed upon?Would you take advantage of the situation and ask for a price reduction.It is an estate sale and the seller don't yet have all the paperwork nece...
Sipan Y.
Private Money for fix and flip
I found a person who is willing to make some investment in my future fix and flip real estate business (private money). Basically I don' t want to do a project as joint venture. He wants collateral for his investment....
Ryan Krown
LLC to get started w/ buying duplex/triplex & house hacking
Do I need an LLC before I purchase the property or only once I am ready to start renting on VRBO/Airbnb?
Justin R.
Issuing 1099s or K-1s
A couple years ago, I bought and re-positioned a small MFR property. I allowed two extended family members to participate and invest some capital in exchange for a minority share of the property. This was documented...
Dane Porter
VA home loan and future rental income question.
Hello,
I am currently in the process of purchasing my second multi unit income property. I have established 2 years of landlord history with my current property and been at my job as construction worker for one year....
Daniel D.
Im in NJ purchasing in FL. Where do i open LLC?
First off I apologize if I posted this in the wrong category. I am purchasing a condo in Florida and have to by the end of the year. I am located in New Jersey I do not plan on renting this condo out but I do want to ...