I have a renter asking me how many nights a month a guest can stay the night without being on the lease? I know this probably varies state to state (I’m in Illinois by the way), but is there an average? And is this a ...
Do I need to form an LLC if I have just three properties ? How can I protect my personal wealth if I don’t form an LLC ?
I always thought I had decent loan terms on my buildings but with the recent rate drops and reading some forums on here, I am starting to question if I am doing this wrong. Here is my setup. All of my buildings are ow...
For the last few weeks, Boise and the surrounding areas have been pummeled by record snow falls that haven’t been seen since the early 1980s. Local news stations are reporting roof failures, carport collapses, and bus...
Hi all -- I am looking for some feedback on Conventional financing vs Commercial financing.If you purchase a property in cash, renovate + do a cash out refinance -- do you typically do the refinance into an LLC/commer...
Hello All,
I am trying to purchase my first rental and I was hoping to place the rental into an LLC after I bought it. I would be buying it and then changing it over later to the LLC. I was just informed that this do...
Ran across an interesting short sale today. Listing agent had uploaded some relatively strict offer instructions and among those was
1. No LLC's or Assigns
I hadn't seen that before, so I call up the listing agent. ...
I have co-worker that wants to go in with me on a few small rehab projects and wants to split the profits. He does not want to be a "business partner" he just wants to split profits 50/50 and I 1099 him at the end ...
Hello everyone...is it beneficial to seek out a mentor in my local market (Raleigh, NC)? I've read a great deal of material, done a ton of research, but I'm a hands on kinda guy...so for me I think its the next log...
I have my first rental and plan on buying more throughout the years. What is the smarter move when it comes to spending your rental income? Use it to pay off the houses quicker so I can have even more rental income in...