Erik E.
20% down for multi house hack
Hey everyone,I met a Wells Fargo home mortgage consultant at a meetup in Virginia. I told her I was interested in house hacking a 4-plex and using the first time home buyer benefits for that situation as well. She was...
Kareem Arnold
Unpermitted Additions in Refinance Appraisal
Hello,I recently purchased a single-family home in Hawthorne California, all cash for 500k using a hard money lender. The property was in bad shape and I'm using another lender to provide the repair cost of 50k. The h...
Steve Burke
Living trust, will, power of attorney?
I have two rental properties, one in Minnesota and one Alabama. I am currently living in Arkansas and about to close on a house which will be my primary residence. I want to make arrangements so my sister can take ca...
Devon Tronrud
First Duplex in C class neighbourhood
I'm currently looking into a duplex in a c class neighbourhood to buy And hold. It's in good shape but could use some lipstick. It's 135k. I plan to put maybe 5k into small upgrades and rent it out. Here's the numbers...
Nick C.
Florida HB 747 - The end of private lending in Florida?
If I read this correctly, it will end the exemption for hard money/private money loans. After July 1st, anyone who wants to give a loan will need to be licensed. Getting a lender license is no joke, it's a tough proce...
Matt Gildersleeve
Arizona Property Taxes Question (Single Family Residence)
Hi Everyone - I am looking to get my start in owning rental properties this year (single family residence) and have been running analyses in different markets throughout AZ where I live. I wanted to get your thoughts ...
Isaac C.
Is it uncommon for GCs to be insured and carry workers comp?
Hello community, I'm working on rehabbing my first rental property! Wohoo! But I have been running into a bit of a wall. I've started to contact a few GCs for them to come bid my property, but when I ask them to pro...
Christopher Lopez
Multi Unit in Arkansas Entity Formation
Hi all, I am looking to take down a 12U MF project in Arkansas. I am doing this with a partner who lives in AR, and I live in FL.We both have LLCs in our respective states. Our original plan was to form an entity in A...
Mary Jay
1031 exchange-can you please help?
Hi guys,
I wanted to ask you if you have had any experience like that:
I have sold a property that was in an LLC. (one member LLC, I was filing the rental income from that rental on my personal taxes/managing it m...
Dallas Schwab
Combining BRRRR and FHA??
Hi everyone!I'm a newbie in the OKC area looking to buy my first property and have a financing question. I'm fairly familiar with the BRRRR method, but I have a question on the "Buy" portion of that and how to get tha...