Phoebe Hodges-Carter
Charging different Security Deposits for the type of Renter
I'm a new property manager and have a house listed on the market to rent. I suggested to the homeowner that we charge one months security deposit for section 8 renters and one and a half months deposit for non-sectio...
Brent Mattison
IRA to fund LLC
I have been contemplating using money from my IRA to fund an LLC and get started in multi family. I know I'll be taxed and pay penalty for early withdrawal, But I feel I can make up that money plus more with REI. I ju...
Ben Vitale
Two offers mutually contingent
I'm not sure this even makes sense so here goes.
Property for sale is a 57 acre parcel with a subdivision in place for 6 parcels. One of the parcels is an old farmhouse with 3 acres. We are interested in purchasing t...
Ross Bowman
House Hack Deal Analysis
Overview: converting detached garage into a studio to rent on Airbnb, or month to month. There is already an attached garage at the house, so I don't need another. Cost: 50-70k (construction + furnishing)Financing: So...
Tarawyn Baxter
Seeking a HELOC or possibly mortgage
I own my home outright, which is worth around $300K, or probably a little more. I've lived here for 13 years, and paid it off about 3 years ago. Ideally I'd like a 20% or 25% HELOC, although I don't have need of that ...
Marvin Lyons
Notes
Hello everyone & my question is it hard to buy house notes? And how do you go by purchasing them
Allen L.
Rehabbing a property built before 1978, lead based paint
Hi guys, I am new to REI and first time trying OOS BRRRR on a property built in 1949. I'm completely clueless about the proper steps to rehab a property this old since it could have lead based paint.Assuming I don't d...
Dave Halevi
Seller financing deed
Hey y'all.I'm about to close on a seller financing deal, do I get the warranty deed to be recorded under my LLC name? Or it has some other method of putting it together until the end of the balloon/loan period?What is...
Leslie Gaines
New Houston Wholesaler contract question
As a wholesaler with a signed TREC contract with the seller of a property, what prevents the potential buyer from going directly to the seller and offering a lower cash price?
Does the TREC contract contain language ...
Lana Nelson
Advice for disabled recently divorced person
Hello!My mom recently got divorced (August 2023) and is looking at a 260k for her share of retirement account, debts of about $50k ($30k owed to parents who helped with legal fees, $6500 owed to sister who also helped...