Goal: Restructure existing debt, keep payment around the same, pull cash out for reinvestment purposes (thereby increasing LTV).How: DSCR loan / portfolio loan. Open to other ideas here, too.Current Situation: I have...
Who would you recommend as a real estate attorney to form a series LLC in Texas? I heard Texas has very good laws.Also, all attorneys would say I must name the LLC myself, they cannot name it for me. What are some t...
Does anyone have any experience converting a two family to a three, or doing major renovations of a two / three family?
It is somewhat town specific but I am having trouble interpreting fire code for automatic sprin...
Hey guys, so if you guys go to my previous post, you’ll see that I was debating on whether or not taking on a 180k short sale, 1959 build, single family 3Bed 1bath, 1.9k mortgage as my first long term investment. The ...
We all know retail prices are high, what criteria are you using when writing and presenting offers on single family homes? Currently I'm finding the number that will cash flow $1 after mortgage and variable expenses a...
I bought my first tax deed this morning at the courthouse auction. I’m going to refer to the owner of the property as ‘Mr. Larry’.Mr. Larry was delinquent on three different properties, and I purchased the deed to one...
We are new investors and looking to put an offer down on our first property in the next week as a STR. My question is for tax purposes, are we hurting ourselves in terms of the qualification of materially participati...
Hi All!
Looking for some guidance/advice please. I would like to purchase rentals. I've set up an LLC and then went to the bank to talk about my plan and see what finance options I have. The bank tells me they won...
What are pros and cons of house on septic tank rather than city sewer. Any investors has bad and good experiences with septic tanks and tenants rough usage? Please advise
We lived in a really nice house for about 7 months and our landlord sold it. We were aware that this could happen, but the problem is that we had a tear in the carpet that we knew would need to be replaced. We were mo...