Darway Dalmeida
Why LLC vs Personal Name?
A Topic, I would like seeing discuss, is why an individual with more than 5 properties is force to finance in LLC vs Personal name? Its a scam they do not care about the property value and only care about their borrow...
Cliff T.
Do you have Loss of Rents insurance on all of your rentals?
Hoping to get a discussion going as to how many people pay for loss of rents insurance on your rentals. I'm looking to update my insurance policies this year and one thing I think I should be adding is loss of rents. ...
Jake Belden
Starting an LLC after two properties
In the past year, I have purchased two properties in the state of Connecticut, but am yet to form an LLC, which I would like to do ASAP obviously for a number of reasons. I have put 25% down on both properties with a ...
Paul Farley
Insurance claim questions
Hi everyone,My mother passed away last May and since then I have been living in the home. I am paying her mortgage and am going through the Probate process right now. The house will be transferred to my name. I have q...
Bart Barabas
Renting 101 - Chicago IL
Hi all!I am looking to buy a condo in Schiller Park, IL for about 70k and rent it out for $1,150.00I have not done all the money to see how much everything is going to cost I am meeting with a realtor agent tomorrow t...
Kyle Holmes
Property in Flood Zone
Anyone have any experience buying a property in a flood zone? Any tips, tricks, or advice?
Matthew Berlin
Unpaid balance at auction
I recently won an auction on a property for 24k which also has 7500 in back taxes. Zillow has in its info that there is 170k in unpaid balance next to the foreclosure information. Should I be worried or is all I need...
Raff Westbank
New deal need roof replacement.
Greetings:I am in a process of purchasing investment property but no contract yet. I did my homework on the property and found out from my Insurance Agent that roof shingles would have to be replaces because no Insura...
Nick Macklin
1 Property with 3 separate units.... Adding a 4th door!
Investment Info:
Small multi-family (2-4 units) buy & hold investment in Jacksonville.
Purchase price: $112,500
Cash invested: $20,000
.68 acre property with 3 separate units (3/1, 2/1 and a 1/1)...
Chris Seveney
When To Deboard A Loan
Question came up and curious as to how others treat this. The question came up where a lender had a property in foreclosure and it is currently uncontested as the borrower is deceased. The lender wanted to deboard the...