Ryan Duncan
LLC vs Umbrella Policy
Hey everyone, I have a few rental properties and looking to add more to my portfolio. They are all owned personally and not under an LLC. I understand most of the pros/cons of having an LLC own my properties. Such as ...
Eric Stets
"Sale" of the property from personal to LLC
Hi AllHave a friend of a friend helping with taxes/accounting. We have a property in our personal names at closing, then afterwards we moved the deed to an LLC created some months later. However the accountant is s...
Kevin Scanlon
Get out! I'm renovating. When to break the news to tenants?
I purchased an occupied duplex earlier this year in Mystic, Connecticut. It's a Greek Revival style building originally constructed in 1845. The location is very good (although it's in a historic district).The house i...
Brodie J Meaux
Questions about number of LLC’s
Is it best to make an LLC for each rental, or single family dwelling I plan to own. Or better to have one LLC for all of my rentals I plan on owning.
Jason Smith
Should I consider using a property manager
I am looking to do my first house hack. My w2 job I can be away for over 30 hours at a time and have to have my phone turned off up to 12 hours at a time. Would it be best to use a pm just in case of emergencies?
Harry Metzinger
Cash Offers on Short Sales
In my limited experience, it seems that many banks value cash offers on REO properties. In other words, a bank will accept a cash offer that is at a lesser amount than a financed offer. I am curious in your experien...
Mathew Hilton
Can BRRRR ruin your cash flow?
So for the BRRRR method, when you do the cash out refi and pull all of your cash out (making a new loan to pay off the first), can't this ruin your cashflow?
Quick example numbers:
Purchase price= $70k, Rehab=$35k
...
John Thuesen
upgrading from 60 to 100 amp necessary?
Hi Everyone,
I have a triplex with 60 amp service.
My insurance company is demanding I upgrade to 100 amps. $4000 is my
lowest bid. There are 2 small 1 bedrooms and a1 2 bedroom. Each
apartment has an electric sto...
Frank Grigus Jr
Refinancing my primary residence advice, what path?
Currently I am getting all my ducks in a row to my path in real estate investing and I am looking for input/opinions on which path to take on refinancing my primary home. Make a very long story short, I am currently ...
Quamal Burton
New Member Introduction/House Hacking Question
Hi guys,My name is Quamal and I recently became a realtor about 3 months ago but I am mainly looking to invest. I'm located in Chicago, IL. I have this 15 year plan all written out but the first step is what's turning...