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I would like to get into to the real estate market/house flipping/renting. I’m lacking capital and looking for advice on how to get into this thriving market. I’m very versatile when it comes to work and labor. I’m su...
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I am new to REO investing. My offer was accepted by the bank for a duplex of 2 units. It is valued at $210K by the city tax dept. My offer was 152K. It was listed for 170K. It needs 10K rehab work to make it perfect. ...
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Hello. My partner and I are both starting out and bought a SFR to buy-and-hold. We made the mistake of getting absolutely nothing in writing. He was unable to qualify for the loan, so I took on the mortgage. Two month...
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Should I become an LLC? Pros and Cons? I have two rental properties in Massachusetts. I am wondering if my legal responsibility will increase if I get a business license?
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My tenants are currently on a one year fixed term lease. We are located in LA, California. He and his wife earn upwards of $300,000. They have just had their first child and would like to buy a home in LA. Upon se...
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I don't know why I'm stuck on this...a bit of paralysis I think.
I'm looking at a $200,000 4-plex in a below average area. Not gang infested but the neighborhood isn't really kept up. Also, not a lot of comps...
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I have a tenant that has been giving me issues since i acquired the property. She is completely negligent and refuses to let any of the professionals do hiring to get a detailed look at her unit, it is costing me mone...
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6 years ago we got a $150k mortgage on a house. The loan was sold to a mega bank. Things were good until last year when a life threatening medical condition caused us to lose 1/2 our income. We fell behind on our mort...
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I own 3 single family rentals debt free worth 60k, 70k and 150k per, so about 280k total. I want to buy a multi family bldg between 25-35 (or more) units but I have little cash and hate debt. I would be willing to ref...
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So I'm selling one of my rental properties for about a $15K gain in order to put some extra reserves into my pocket to help support buying more properties. I wasn't planning on doing a 1031 exchange as I need the cash...