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I need to create an LLC for financing as well as liability reasons. This thread isn't about the pros and cons of forming an LLC.Rather, my question is:Should I hire an attorney to do it "right", or is it good enough f...
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Hey BP People,I am currently screening tenant applications for a vacant rental property of mine and I came across an interesting situation. The applicants are a Hispanic family with 3 young kids; Mother is a housewife...
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I just bought my first 4 unit building 6 months ago. I’ve needed to put some money into it along the way. 3 units are occupied, the 4th is mine. The rent breaks down as:75010251160Total: 2935The expenses:1850 (mortgag...
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I have a real estate agent helping me find duplex properties in my area. She is a friend and also an investor. She has provided me with several listings to consider and shared her knowledge of the market. I foun...
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I am buying a condo without a title company. I know most people will say to use one, but I've done the title search and am confident that the seller is the only owner and that the only encumbrance is a mortgage. I als...
does the approved tenant (for one of the 2 units in a legal duplex) have legal grounds to be demanding the owner's (landlord's) taxpayer id? tenant explanation is that intends to file a 1099 for each year she is owner...
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Hello everyone,
I have set myself a goal to purchase a single family home or 4 plex by August 2015. I have a good amount of money saved up & was wondering if it's a bad idea to use your own money? Also when purch...
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As you may have heard, today Fed annouced QE3 of 40B per month (i.e. printing press) with no end in sight. Precious metals soared instantly along with the stock market. I wonder what it means to the real estate market...
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Hello All, I am bidding on properties in Florida almost every day and looking for some insights to save some time. For those that are experienced you know that this is A LOT OF WORK! We get O&Es, drive the propert...
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I have been doing HML for a few years. Really enjoy it and the returns have been pretty good. Am I crazy for wanting to start a private fund for HML? I really don't know anything about it except it requires SEC paperw...