Do you use one LLC for all of your investment properties or one for each property? If not an LLC, which entity do you use and why? Doesn't the added cost of maintaining an LLC substantially eat into profit, especially...
I often buy using Subject To to buy properties. If you choose to use this technique these are some of the Pitfalls to watch out for.
Subject To Pitfalls
1. The bank can call the loan due (due on sale cause).
2. You...
I have kept rent very low on one of my units because it needed work. I'm getting work done now and would like to bring it closer to market. I'd love feedback on the following:Tenant has been great for 15 years. His ...
I have been following the "Is it possible to get rich" thread, and I got to wondering, "What is my number?" I think we all have or should have a number/goal in mind to think we have it "made". I know it is always said...
@zane belden and I have been working on a deal to buy a 4 plex. This process started 6 months ago. We made contact with our realtor through Zillow and she showed us 3 properties one day and we put an offer on one o...
Hello everyone.
I'm a newbie on this forum and very interested in learning more.
I have 2 questions:
- Are you a full time real estate investor?
- If so, how do you get financing?
I am...
I’m trying to set some financial goals for myself and I keep hearing how I should be specific so that I know exactly what I’m working towards. With that, I want to make sure I’m understanding some of the calculations ...
My parents and my in-laws recently gave us $150k each. We don't really need their money so now we have $300k extra in cash. I'm thinking of investing for cash flow to supplement their monthly income. I plan to t...