Aram Kuzmak
R.E. Newbie; Buy/Live in SFR or MF?
Hi Everyone,This is my first post on BP, but I've been reading posts and articles for a while now. Anyhow, here's the scenario: I'm debating on whether or not to make my first RE purchase 1) A 2 or 3 Unit that I would...
Nicole Heasley Beitenman
Will the bank go for this arrangement?
I'm trying to get a 6-unit apartment complex. I can't technically afford the down payment. I'd like to get the sellers to finance the down payment. I have some money sitting in my account that I received from a HELOC ...
Derek Chiasson
Private lender or alternative in Massachusetts
Hi there my name is Derek Chiasson. I'm currently not able to get a conventional mortgage because of our mileage deduction on our 1099. We make plenty of money for this house which is 228k. There's already 20k equity...
Frank Oudheusden
Student Loan Risk Vs. Real Estate Investing
All,
I have created a pretty solid REI business plan and have taken down my first deal. A SFH for 50k rented at $1300/mo in Rochester, NY. 15.1% Cap Rate, 23.6% CoC Return. A great deal by most standards. Now I'm ...
Tyler Bullis
Buying a duplex and renting out the other half
Hi my my names Tyler and I'm a 19 year old looking for a duplex that I can live in and rent the other half out. I'm In the carpenter Union so I can do a lot of work myself. Just wondering the pros and cons of doing th...
Alexander Thomas Chaney
[First time buyer for Rental property] Do I need to make a LLC?
About to take the plunge into real estate investment. Before I buy a house and start renting, do I need to make an LLC? Or maybe make a business of a different type? If so, what are some good resources? I'm located in...
Theodore Rivera
Need advice with Setting up LLC
Hi BP Community,
I just walked out of an attorneys office with regards to estate planning and setting up a living trust, and included in our discussion was setting up an LLC for my real estate property. Based...
Julie George
Water leak into my neighbors unit
Hi there,I am a landlord in Chicago. I own a unit on the 3rd floor of an apartment building that I currently have tenants living in. Last month, I had a leak in the refrigerator water supply line that caused some wate...
Tony Colquett
Insurance
Just got an $85K insurance policy for a quadplex for ~$1400 annually (300k liability + 2500 deductible) from Farmers. Has anyone had better rates than this on their quadplexes? If so, what insurance agent did you us...
Peyton LaBarbera
Prorated Rent & FIrst Months Rent Question
My scenario goes like this... Tenant has been screened and lease agreement has been signed they are all set to go and now I need the first months rent only problem is the move in date is looking like it is going to be...