Dave Morrow
CAP Rate. Trying to get it"
If I buy a house for 33k...already rents for $525 month-$6,250 annual income. No fix up required. After annual P & I, taxes, & insurance total cost of $3500. That's net $2750 / $33,000. I get 8.3% cap rate....
Jesse Dickens
Do I need an LLC for a fix and flip?
Currently under contract on my first flip in Denver, CO. We are set to close this coming Thursday and as os now, the property will be in my name. I'm trying to figure out if it's worth getting LLC for this project. I ...
Padma Mody
Why home insurance under LLC is more expensive?
I have couple of SFH and condo under personal name and one house under LLC. When I try to get home insurance under LLC name, it is almost double premium I am paying and not all company is ready to write the insurance ...
Patrick Hancock
Can you have too many LLCs?
Hello and thank you for the comments and suggestions in advance. Given the ideal situation when owning a rental property (for this example residential 1-4 units) is to hold that property in it's own LLC for liability...
Chris Mason
Oh yeah, the "Due on Sale" clause is now LLC-friendly, sometimes
Totally meant to post this like a year ago. On page 292 of the document, which is page 309 of the PDF. That link is to the servicing guide for Fannie Mae loans that was updated on 11/8/2017, so the page number and inf...
Account Closed
Is Quiet Title the next alternative?
Long story, but wondering if Quiet Title is reasonable. WAMU loan 2007 - defaulted 2009Loan Modification Process since 11/2009 - present. No acceptance or denial.15+ foreclosure sale dates postponed.Have requested acc...
Brandon Hicks
How small is too small to syndicate?
I’m looking at a strip center in the $500k range. I could sell a few of my duplexes and 1031 into it but I’ve considered just syndicating it to gain some experience on a small deal. It’s a 100% occupied 12 cap deal wi...
Marc Aragon
Should I press charges?
While we were in court for a tenant holding over case, my tenant presented a fraudulent lease with my forged signature on it inAn effort to persuade the judge that she had a valid lease. I personally believe that suc...
Ken D.
Looking for a financial analyst to help with tradeoff analysis
TL;DR: Looking for a financial analyst/planner to help me with quantitative tradeoff analysis to help me decide whether I should sell (some subset of) my 5 rental properties so I can afford to purchase a single family...
Ken Rishel
Courts are Speaking on using MLOs and others as "Fronts"
Here on Bigger Pockets it is very popular to suggest that one can make loans through MLOs and avoid any responsibility for licensure and compliance. I have held that since January of 2014 that that is likely a very da...