Jason Cobb
Form LLC to purchase through Private Seller
What are the greatest negatives (legal, operational, or financial) of purchasing property into an LLC or S Corp, from a private seller under seller financing?
Situation: Multiple properties owned by Seller. ...
Paul Honen
Realistic Real Estate expectations?
Hey everybody,I've been researching/reading up on everything REI for the past Month or so. I'm super excited about starting, even went to look a distressed houses in a neighborhood I might like to invest in.Here is so...
Jason Long
1st Flip - Anderson Co SC SFR
I viewed six properties after vetting listings before finding this one. REO 1300 sq/ft 2 Bd, 1.5 bath 70's ranch in a nice neighborhood/location that's desirable according to several RE agents. Converting to 3/2.5, re...
Steven Bates
New Warehouse Build in Loudoun County
We are bidding out this project and I am looking to get some feedback about what questions I should ask the Civil Engineer Firm prior to selecting them?We have architect lined up, land about to go under contract has u...
Shawn Kane
Ever rent to illegal immigrants?
I live in the top floor of a duplex, and had a gentleman stop by today asking to rent the bottom unit. He stated that he and his family are illegal immigrants, but have decent jobs and enough income to meet a portion ...
Steven Foster Wilson
Lot split to new construction: Try to change my mind!
I live in the dense center of Ohio State Campus where real estate is scarce and expensive. There are of course the regular options of - door knocking - cold calling and so on for finding a good deal. But everyone is d...
Matt Holmer
Fannie DTI ratio with new rental income
Quick question regarding DTI for a Fannie loan. As I understand that new rental income (less then 2 years) is calculated as:Gross rent * 75% - DITI = income added What I don't know is whether or not the DITI still cou...
Nick Rose
6 Unit property analysis = 58K
I'm hoping to get some input on a 6 unit multi. 6 Units, 58K asking priceGross monthly income = ~2500-2800, tenants pay gas and electric.Separate HVAC, separate electric meters. 1 large water heater for all. 8 year ...
Sean Head
Motivated but intimidated
Good morning everyone! I am new to the Bigger Pockets group. I am 52 years old and getting a late start. I have a solid career as a I&E tech. I work a rotational schedule of 14 on and 14 off. I have had some major...
Rodrigo Cisneros
Single family or multi family ???
I’m in my single family number 6 Should I keep buying singles or should jump to multi family?