Michael D. Menesses, Jr.
LLCs vs Individuals and financing/refi
Rookie investor about to buy 1st property in Louisiana. Please correct anything below that seems incorrect, or misunderstood. I’m trying to see big picture, beyond this first door, so I don’t lock myself out of more p...
Matt Anderson
Can my neighbor be my property manager?
Is there anything to be careful of (legally) with paying my neighbors (that I trust) to be my property manager when I move out of my house hack?To be clear, I have no intention of them being in charge of finding/scree...
David Bittorf
Do you owe taxes on the sale price or the appraised value?
It seems to me like your taxes are based on your purchase price. For example, let’s say you live in area where taxes are 1.2%. If you buy a property for $500,000 are you locked in at 1.2% based on a $500,000 purchase?...
Jason Harrison
Lazy Real Estate Agent
Any ideas on how I can bypass a lazy real estate agent and deal directly with the seller?
Tony Nguyen
Flipping A Duplex - Should I Rent It And Sell Or Sell It Vacant?
Hey guys,
Under contract w/ a duplex for 33k, ARV is 70k ( 2 closed sales very similar @ end of April, leased). Light rehab needed, less than 10k. Would you lease it first to sell it w/ the income stream or sell it v...
Lucas Gunderson
Newbie Investing Question
I've been doing my due diligence on REI but have not taken the leap yet on my first deal. I'm apprehensive of stepping out on my own and not wanting to learn "the hard way". Recently I came in contact with several i...
Jack Srimani
How do you estimate correct rent prior to buying a rental property?
Hi,
I am in the process of analyzing a townhome. This is a three bedroom and one bath property. I am estimating the rent that I can have should I finalize the deal. I am using zilpy.com which states the asking price o...
Daniel R.
need advice property in houston
I have been watching a forclosure property that is listed for 28K and on the tax roll for 70K for a couple weeks. its in a good neighborhood with lots of growth potential. i would like advice on my next move. thank...
Doreen Arminio
line of credit question from newbie
Hi,
I found an REO that I think is a good deal. At the listing price I can offer cash, but would not like to tie up that much cash. (39k). Would it be a good idea to offer cash to get the deal and then maybe take ...
Ibrahim Hughes
Agents: Your Pic On A Business Card?
Just signed up with Exit Realty and my Broker suggests that I get a professional looking pic on my business card. As an investor I've always shunned the practice of putting my pic on a biz card. I've gotten plenty of ...