April Birdsong
LLC for Business and LLC for Property Protection Question
I have just purchased 1st rental, and under contract for my 2nd...Yeahhhh I am very excited. Both in my area. So I am interested in managing them myself in order to learn. But now come the details.Question #1: I do no...
Malcolm Lawson
All my eggs in one basket or multiple baskets
I currently own one rental that is cash flow positive and am looking to purchase my second. I have about $70,000 in savings to play with and was originally looking to only invest part of that along with a loan to pur...
Brandon Sok
HELP: HUD 203k Rehab on Single Family Owner Occupancy - Advice??
HUD home built in 1900 in nice historic district of Ohio town. Listed at $70k then dropped to $63k. Contemplating a bid of $55k. ARV roughly estimated at $130k-$150k. Extensive repairs needed, estimated between $30...
Carlos Gonzalez
Sell your rentals and buy stocks?
I have Fourplexes I bought in 2016 and now people are calling me to make me an offer as twice as much as the mortgage obligation. I think the stock market is good if you know how to play it same as real estate but dif...
Aaron Junck
Real Estate Agent or Appraiser
I have been contemplating going to get my Realtor's license for a while now. After my waiting a few days, for my realtor to get me comps back, for a property that I was looking to purchase and then finding out the ...
Account Closed
Using private financing to help fund an owner-occupied multi-unit
Hello everyone.I have been learning about financing, and how to get started in REI. My husband is 2 years out from University, and I earn a decent living as a recruiter in Canada. I'm contemplating doing a BRRR, but I...
Joe Meares
Best coin operated washer/dryer combo?
Hi guys,I'm working on a 6 unit apartment complex and would like to find a solid yet cost effective coin operated washer & dryer to service the building. Is there a gold standard for this type of unit?Thanks!Joe
Rick Martin
The Impact of Vacancy on Single Family and Small Multifamily vs.
I always tell people when you lose a tenant in your single-family rental, you are 100% vacant, and when you lose one tenant in your 100 unit complex, you are 1% vacant. I was reminded of the power of diversification b...
Jose Gonzalez
Are loans from Hard money lenders a good idea on first rental?
A house was just posted 3 minutes away from my primary home. It’s a great opportunity but I’m not quite ready to pull the trigger on buying my first rental property. I wanted to save more money for a bigger down payme...
Tom Horwitz
First time home buyer in Chicago
Hey everyone! I’m a 26 year old first time home buyer in Chicago who has been actively looking (have an agent, pre-approved, etc). I have roughly $85,000 liquid and plan to purchase a condo in a desirable area of the ...