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I have heard getting an LLC and EIN to manage my first rental as a business was good. But an experienced friend just told me that it is actually better to get Umbrella Insurance because if set up as an LLC I can still...
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From speaking with a couple of mortgage brokers, the option fee cannot be used as "an acceptable source of borrower funds" as stated by HUD. Could the the tenant / buyer sign a purchase contract with a non-refundable ...
We are a small group of first time home buyers looking to build out a collective real estate investment portfolio. We are interested in getting some advice about how we should proceed.
Currently we have been looking ...
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I am looking at listings that are being scheduled to sell at the upcoming los angeles tax auction and was just curious if you are able to purchase these properties straight from the homeowner before they are auctioned...
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I just recently purchased a duplex in York County Maine. I wanted to open an LLC in Maine, and am considering one in Wyoming. I am looking to purchase further properties in the area over the next several years. It a...
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I recently built a new home for use as a rental with a production builder in my area. We got a good deal that closed in January this year just before a huge market surge in building and housing prices. Due to it being...
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Hi everyone,An old car has been left in a garage of a property I am working on. It is an estate and there is no title, document, or any kind of records of that car. What is the proper way to dispose it?Have a blessing...
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Hi guys,Rookie investor here. I was wondering if there is a risk in taking over from property management and having a new lease agreement with the tenant. The property is on my name and that would mean the landlord se...
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Hi looking for any advice, my property manager in the Atlanta area hasnt paid my owner draw in 5 months. They keep answering questions but always excuses when it comes to getting the money owed. Any thoughts? Shoul...
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Ok where do I start, I would try to make this long story short by giving highlights and follow it up with my question.First time out of the parents house and rented with meHOA sent letters concerned that there might b...