Ryan Christopher
Cost to Start an LLC
I'm building my real estate investing team and recently enlisted the help of a real estate attorney to create a trust and start an llc. I was surprised when the quote to create the LLC was around $1050 (including fil...
Ben Taub
Problem with getting a payoff from second Lean holder
i went into contract on a short sale property in Essex County NJ.
everything looked fine until we found out that there is a second note on the property originated by BOA
We have reached out to Bank of America to in...
Harshdeep Gupta
LLC creation for out of state Investing
First post here! I am a new out of state investor. I currently live in Seattle, WA and looking to buy rental properties in PA and IN.My question is regarding as to what state should I setup my LLC? (I need LLC to get...
Ricky Butler
Lien Limbo
My wife located a property that we found out was owned by a local municipality. We went to the town and as it appears the town does in fact own this property at present. However, this property was sold to an investor ...
Thomas Oakes
PNL report for apartment complex
Hey y'all! I am looking at a PNL report for an apartment complex, and I am confused about a couple things. These might seem like dumb questions, but hey, I'm brand new to this! 1. What is the depreciation expense?...
Jennifer Umbaugh
Need Help Costing out Rehab
I just looked at a 1920's Craftsman that an investor has stripped to the studs (preserving some of the cabinetry and floors). It is between 1400 and 1500 sq ft. It will require all new plumbing, electrical HVAC includ...
Chris Seveney
Note Investing & Taxes - DIY or Hire Someone?
Just curious - taking a poll question for those who invest in notes with partners. Do you do your books yourself or have an accountant / bookkeeper. I have a book keeper do mine as they have kept me from having to do ...
Account Closed
21-Unit/57-Bed Student Apartment Investment
Investment Info:
Large multi-family (5+ units) buy & hold investment.
Purchase price: $1,961,000
Cash invested: $490,250
21-Unit/57-Bed, Value-Add Student Apartment Complex. Adjacent to Illinois ...
Orlando Goodon
Why it seem I can pay off most mortgage in less than 10 yr?
It seems to good to be true. My math must be wrong. Please let me know what I'm missing. Basically let's assume no depreciation and not exceeding $300-$400/month maintenance budget to much.House price $750k for 3 fami...
Dan Vasile
Whats best Cash or Leverage?
I own 2 properties that I’m currently renting, a condo in Tampa FL (appraised at $400k) and a single family home in Asheville NC (appraised at $330k). Both properties were my former residences that were purchased in ...