Larry K.
How do you put a friend in first position as a private lender?
How does this exactly work? What does the agreement look like? What does it say? Do you need an attorney to write it? Does the SEC need to be involved?
Scenario would be a friend and I agree to go in on a deal to...
Jeff T.
Problem Tenant's girlfriend moved in, called the police on the PM
So I have this tenant in a triplex that's been problematic. He's worked on "projects" outside and left wood scraps and trash outside, which the city cited for code violations. We got him to clean that up and he did a...
Vedran Josic
How should I text message a home owner about buying? Any ideas ?
I found home owners numbers from my town and I want to start sending text messages to see if they are interested in selling.We are cash buyers and can close in 2 weeks. And should I use my regular number? Please, any ...
Account Closed
Structuring DBA / Bank Accounts two properties
Hi RE, I plan on renting and managing two properties this year. One of the homes is alreay paid off, and I plan on cashing out refi into the second home.It's now time to separate finances. I've decided to go with the...
Evin Lynch
Working With A GC On First Deal
Hey everyone, my wife and I are looking for our first home. We are looking for a property that needs some love and our plan is to do some version of a “live-in” flip. Obviously, being able to calculate renovation cost...
Kyle Soderman
House hacking with a property manager
I am interested in your guys' opinion of still using a property management company while house hacking in a 2-4 unit MF. The biggest reason behind this is getting the 2AM knock on the door because your residents' toil...
Casey Rondinella
What do you think about this deal? [Calc Review]
View reportPhoenix Arizona near downtown* is there an issue with ARV? I put it as "$400,000" in form but says more than $400,000 on report * what about 50% rule? seems to break the deal.* Seems like cash on cash retur...
Jonathan James Look
How to structure your LLCs for real estate & other ventures
Hi All,I want to create an LLC structure for various investment and property holdings. I already have a couple of properties in different states, and I'm also wanting to participate in syndications and other ventures....
Will Gaston
Gas Station Previously on Mixed-Use Property...What Are My Risks?
All:Looking at an out-of-market deal that seems to be a good one except for one (very big) issue. Property is currently MFH/Retail but used to have a gas station on it. Seller disclosed this to immediately and has bee...
Al Wright
Screening multiple tenants for one empty unit
This maybe a dumb question, but do you screen one tenant at a time (or multiple tenants at a time) for one available unit? What if multiple people pass the background and credit checks? Who gets the unit and what happ...