Desiree Maya
Attorney Advice - HOA Delaying Sale
Seeking RE Attorney advice. My mom is selling her condo and recently lost her buyers because they qualified for FHA and near closing, the HOA lost their FHA certification (currently under appeal). They also revealed...
Jonathan Bombaci
Focus on growth or profitability?
We’ve been in heavy growth mode for the last 2 years but are rapidly approaching 200+ units over 20 something buildings. At what point do you switch over from growing the portfolio to focusing on maximizing profit fro...
Tori Magers
House Hack into an LLC
Hello! I purchased a home about 4 years ago that I house hacked and now rent out. I want to move my mortgage into my LLC to limit my liability on the property. I was told by my mortgage provider to send the LLC Operat...
Shaun Hunt
$50 fine after having closed on a house for three days!
I now own seven rentals. The last purchase was week agoistheonly one with an HOA.I just got home from work and I opened a letter from the management company. It surely wasn't a welcome letter. It was a letter informin...
Brian Schroeder
Forming a LLC in illinois
I am buying my first rental property. I have no dept and my net worth is about 150K, and I would like to keep it that way. Questions are 1. Do I open an LLC to protect my personal assets? If something should happe...
Monica Morff
Tips for Buying at In-Person Auction?
I am wondering if anyone has any tips for buying a property at auction. I have never been to one before (though trying to arrange to go to one and watch before the one I actually want). I am a bit nervous about being ...
Tony T.
Do I have to set up an LLC?
If the purpose of an LLC is to protect my personal assets, can I forgo setting up an LLC and instead purchase personal liability insurance? Does anyone know the pros and cons of doing each? I honestly a little intimid...
Jeffery Drayton
Collecting rent on property in own name
Hello Everyone,I was wonder what type of structure is best for collecting rent on a mortgaged property that’s under my personal name. I know about transferring it into an LLC but I don’t want to trigger a “due on sale...
Mike Lowery
Things to Consider when buying with Seller Financing
Fellow BPers, I am in the pursuit of a potential portfolio deal. I would be purchasing three duplexes and possibly a SFR using seller financing. Aside from terms, which I intend to negotiate, I am wonder other things ...
Barry Craig
Financing and right of redemption
My financing sources will not finance a bank-owned property with any time left on the "right of redemption." I have pre-approval to do 4-5 of the 50,000 deals that meet MikeOH's 50% rule but it isn't much good to have...