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I have an investment property which I bought almost a year ago for $365k, $271k on a 30 year fixed mortgage owed. Moderate rehabs with comps nearby selling in the mid $500k range. Monthly 1 year rental history is $4...
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I have 8 separate 5 yr fixed rate mortgages (and P.notes) that the same bank (in Wisconsin) has made to two of my LLC's and secured each loan on a separate property. I personally g/tee these loans.
Rates have moved ...
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Is it ok to you your own name to wholesale your first deal? And then set up a LLC with the funds. Is there any pros and cons to this?
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Hi all!I purchased a brick home foreclosure and have just cleaned it out and gutted the inside of it (it needed it). I have a few questions on my next steps:1. Is it worth it to frame the inside of the exterior walls ...
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Hi! Question. I found a distressed property in a more upscale area that I drive by every day. Haven’t met the owner yet but plan to. But I did some background homework on property. The ARV is ~400k. I know from the re...
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It is almost everywhere now.
- Important events all over the world have been canceled.
- It is in more than 25 countries now.
- Stocks took a big hit today.
Are the big economies ready to handle this?
Will it ke...
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We inherited this tenant. I have a rental and the dryer supposedly just failed. Tenant texted something about sparks. The rent is below market and we have rent control! Since this is not an "emergency maintenance" doe...
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I've had a tenant in place since 12/2019, now PM is asking if another tenant can move in (a friend of current tenant, they say).
What should I require legally from this person, apart from his personal details? Separa...
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Hey folks, I've had a duplex for a decade where I've provided a washer/dryer and dishwasher on each side. Have had to replace one dishwasher and a couple of w/d's over the years. I just bought a new property and, in t...
I'm getting ready to close on my first rental and I was hoping to get some feedback. It only needs some cosmetic repairs. When it comes to the floor, there are 7 different colors of tile and 4 rooms of carpet. I was g...