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I purchased a rental two years ago with a conventional loan. It is currently serviced by Wells Fargo and funded by Freddie Mac. Trying to move it in to my LLC but Wells Fargo is telling me Freddie Mac won't allow this...
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My property manager called me about a prospective tenant that passed our application process for income and credit score - Its Grandma, her daughter, and 2 children.Grandma runs a day care out of the house with 5 kids...
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I am sure most people it was the money, but curious what events might have happened to make the plunge?When i was 30 i was looking at getting into purchasing a multi family but but I got scared about, what if i lose m...
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I am purchasing a 4 plex with one of the tenants receiving a $200 discount on monthly rent in order to be a resident manager. I'm not sure what this includes, but I would be much more comfortable with a professional m...
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I've been offered to purchase a property management company and I'm hoping to get some advice on how to property calculate the purchase price. It's approximately 200 doors with about 12k/mo. in gross revenue.
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I am a renting my home and using a Property Management Company. I had concerns about the indemnification part of the contract. Should I move forward with this contract?INDEMNIFICATIONOWNER agrees to indemnify, defend ...
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Hello. I'm a new investor contemplating structure and strategy. Based on what I've studied so far, I believe I've learnt the following (somebody correct me if I'm wrong on any points):1. Assets procured in a Roth r...
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For the past month, I've been doing a short term rental for my 1 bedroom apartment in a 3 unit building. Now, I'm having trouble deciding if I should rent the other units short term vs long term. The other units are 3...
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I notice my tenant backyard is full of A/C scrap, pipes, water heater, supermarket cart. This guys is a Section 8 tenant I suspect he stole these from other houses. I called him and told him that is illegal for him to...
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Last month I received a call from another landlord, asking for a referral on my long-term tenants. I was certain it was for both tenants as they've always been a couple and was happy to provide a good reference as th...