Josh Larsen
how to verify private and hard money lenders
Hi everyone,
I am in the process of potentially doing business with a private lender. He owns his own incorporated real estate capital lending firm, and his terms seems very reasonable. While his company is visible...
Stephanie Simmons
Advice needed: pending deal - inspection & contingency problems
I’m a licensed agent in Florida. I’m an investor and I really only do my own deals. This is the first one of my properties that I have sold as an agent. Here’s the issue - got a contract from a buyer that is a commerc...
Account Closed
Usury
Assume the usury limit in my state is 10% and that I do not have a license that exempts me from that law. If I loan a rehabber $100k in exchange for a split of the profits when (s)he sells, would a payoff of $120k ($...
Jonathan Craig
House hacking Questions
I have some questions:
I recently bought a 5 bedroom 3 bath house. I plan to househack it and I have some general questions.
1) Should I rent the whole house as a 4 bed 2 bath or by rooms individually? If I rent b...
Kati Stratos
Does offer letter require buyer's signature?
Hi everyone! I've searched online for the answer to this question and can't seem to find it. I have purchased multiple properties in PA using an agent, and in my experience the agent always has me review and sign the ...
Daniel J Jackson
Pets for more rent or no pets for less?
Hello all:I just finished rehabbing one side of a duplex and have two great tenant candidates.OPTION A: Will pay $1,250 and has no pets. 2 adults and 2 young kids. Great all around.OPTION B: Will pay $1,250 + $75/mo...
Dominique Mickles
Having Cash In Bank
Is it true that if I want to buy a house with cash it must be in a bank account for 2 months before I can purchase the home? (I was told saving it in my mattress won’t do me any good)
Ryan Holland
Opening an out of state LLC
I am interested in opening an LLC in order to build credit for future real estate investments. I've read online about the benefits of opening LLCs in Wyoming but I still have several unanswered questions. 1. If I open...
Brian Sorensen
How do you evaluate a historic house without comparables?
I have an bank accepted contract on an REO house for $140k. It's a beautiful old craftsman 4 bdrm from 1910 but it has wood single pane windows, no insulation, and only one bath on the main floor. My agent estimates A...
Levi Gale
Paying individuals
How do you guys go about paying an individual for work performed? For example I know Joe Nobody that does plumbing work, and he does a great job. Can I offer him a side job, if so how do I pay him and account for it...