Kam Lolavar
Cashflow Properties in Kitchener and Waterloo
Hi everyone
I’m a RE agent from Toronto but we’re looking at Oshawa, Kitchener and Waterloo for some cashflow investments as a part of our diversification program. I’ve done a few flips and own a few condos here in t...
Neil Doby
Tenants divorcing - any advice would be appreciated
I have a SFR I rent out in Los Angeles, CA. The lease is from May 2015-May 2018.On the lease are wife, husband, and co-signer (friend of husband). The lease is setup so that each can be held individually responsible...
Mike Nichols
Community well in potential purchase
We are looking at putting an offer in on a couple duplexes. We have a couple of concerns. First would be the wells for the duplexes are community wells that are not owned by the current owner of the duplexes. One well...
Keith W.
Confused about LLC's
The more I research the concept of forming an LLC, the more confused I get. For the gist of my understanding, proper insurance should cover you for liabilities. But on the other hand, an LLC formed on a specific prope...
Gary B.
How to verify rentroll in multi-family property due diligence ?
Hi Fellow Investors,
I am in contract with 30 unit apartment complex. Sellers, 3 months ago moved over Property from 3rd party Property Management company to his in-house property management company.
Questions:
1...
Jacob Voncannon
Structuring an operating agreement that is fair
Since this is a similar question I thought I'd ask it here given the sweat equity part. This is my scenario:If I was working with an out of state buyer as a partner to purchase multiple single family homes as rentals....
Ryan Sykes
Closing Date expired on contract. Can i make a new offer?
I signed a contract to buy a property “as is”, however, during the time between us signing the contract and closing, we learned that we should have offered much less, but we already signed the contract (we were also p...
David Clark
LLC or Umbrella policy? financing?
I have been researching how to finance my business for awhile and frankly I've come to a conclusion already, but I'd like some insight nonetheless. I plan to leave the area (VA) within the next year and a half (on mi...
Eric Fete
S-corp for properties: Hard to sell?
Hi allI had several properties in a LLC and in order to buy more my mortgage broker (very savvy guy) had me re-structure/re-characterize my LLC into an S-corp (essentially a LLC taxes as S corp). That way that one en...
Brandon H.
Solo 401K LLC Bank Account
I've established a Solo 401K/LLC (similar to the IRA/LLC structure), but I am having trouble getting the LLC's bank account created. At BoA and Wells Fargo, their applications assume the business owner is an individua...