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I wanted to get some opinions on bringing rents up to market value. I’m closing escrow on a 4 Plex next week and there are two long-term tenants who are paying $995 per month. They have both been there for over 5 y...
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I just want to know if someone can explain to me the importance of creating the LLC so that I can fully understand the concept. For example, why can’t a wholesaler or houseflipper get paid without the LLC? And what is...
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Hey folks.I'm under contract on a 4-plex and one of my contengencies is the review and approval of lease and estoppel agreements for all tenants within three weeks of contract acceptance. My issue is that the seller's...
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So this is my first foray into tapping into the collective wisdom of bigger pockets.I am just starting out in real estate, and this will be my chosen vehicle towards financial independence. I do have a day job that I ...
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Long story short I never dealt with section 8.
She is a single mom with 5 kids, yes 5 kids. Right away I can see the kids damaging everything. Rent is $1050 a month and section 8 will pay for $800+ each mon...
Hello:Wondering if anyone is aware of and may have a recommendation for software to streamline and standardize operations for a real estate investment company. It should be able to manage documents, acquisition, rehab...
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Hi,
I would like to get your thoughts on this. I recently created an LLC to own my future real estate properties and I also just applied for an EIN. What is the best classification for an LLC which purpose is to own ...
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Before we took control of our own acquisition one of our earlier suppliers was Memphis Investment Houses and their property management company owned by Terry Brown. Terry appears to have skipped to Chicago, (accord...
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Not to play Gloom and Doom as I am genuinely curious. Since I currently am in the process of researching for my first investment property I don't have any first hand knowledge of this situation. From the few (one) t...
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Hello everyone!As the equity market gets more and more unpredictable i'm looking at putting money in real estate rental properties. This will be my first deal and venture into real estate. As i am living in NYC curren...