So I am looking to get my start in real estate investing by flipping houses. At first I plan on using a hard money lender to finance my purchase and rehab costs. Would it be a good idea to start an llc to do the deals...
Hey all,First off, I recently relocated to a different city for a job. I was browsing homes for sale by owner and found a 7br-6ba 7,000 sqft. and 10 acres and this house is very cool. Just some of the features inclu...
To follow up on the post from here: https://www.biggerpockets.com/forums/44/topics/330...This land was originally 1 house we purchased from a wholesaler in Charlotte, North Carolina. We subdivided into 2 lots, and s...
Some of you might have seen my other posting regarding a LLC with a relative of mine.
She will purchase a house in cash for $35,000 and lease it back to me at $235 per month. The current tenant is paying $800 per mo...
I just purchased my first property and am going to have tenants living with me for my first year or so. I want to make sure I have all my legal ducks lined up when it's time for them to move in. I have a few questions...
I'm very new to REI and I'm having trouble understanding how to think about the numbers and evaluate a property. I have it on my "business plan" to run numbers for 50 potential properties, but that won't help me if I ...
I hear the DOB is getting more strict in terms of illegal conversions but I see so many listings for houses that have obviously been illegally converted. I hear the fines are 15k per unit. There are so many listings t...
Hello,
So I have a 3 bedroom, 1.5 bathroom property that when I purchased, I inherited tenants that were using the attic as a fourth bedroom. The city says that the room is not up to fire code to use as a bedroom...
I am fixing to close on my first rental property. The bank did 75% I put 25%. The bank loan is 14,500 and my cash is around 6500 after closing and insurance. The home as is value is 25,000 with repairs that i listed f...
We are debating what to do with this property: it’s our first investment property. It was rented when we bought it and the tenant was supposed to lease for 3 years. And then Covid happened. Tenant stoped paying, we ha...