Luis Ceja
Biggest things to look out for when kicking off first rental
I’m currently turning my primary into a rental. I have no experience with this and it’s a little nerve wracking because I live in California and I’m afraid of picking the wrong tenant or having a flaw in the lease agr...
Shawn Tinerino
when should you form an LLC
Hey Ladies and gents,
I have a bid in on my first prospective rental property. At what time is it necessary to form an LLC to protect my personal assests from liability? I know of people who put each property inder...
Will Johnston
Water damage to a Verizon box, who is responsible?
I got a call yesterday at 4 PM about a plumbing issue in the upstairs shower that leaked all of the way to the basement. Got that fixed last night, but the tenant tells me the water leaked into some kind of box that ...
Ryan Fennick
Loan question does this sound right?
My partner and I are in the process of securing financing on an investment property. Purchase price is $48,500. We are putting this property in under our LLC. Lender terms are 25% down, 5 to 5.25%, 5/1 arm. They t...
Brian Brusich
Property management mid michigan
Any recommendations for mid Michigan small multifamily property managers? Looking to interview some and any input would be great
Mark Welp
LLC and Entity Formation
Hello,I am not a lawyer, but I am curious on what people are doing. I have two single member LLC's which hold rental properties owned by me (I like to keep a 3 or 4 properties in each LLC).However, for marketing purp...
Brent Pearman
Tax Classification and New LLC in Downstate Illinois
Good Morning,I am currently setting up an LLC as the designated manager (COO). The other members and I have a significant amount of personal assets we want to protect, hence the LLC. The main focus of the business i...
Guillermo Vladimir Robles
Potential Deal Found Advice Needed
I found a duplex deal in Milwaukee, Wisconsin that costs $3,500 to purchase and $47,500 in essential repairs, for an estimated price of $51,500. I need to show proof of funds. Is this a good deal?
Suzette Murray
Best banks for property management company
Hello!I'm interested in finding out what bank property managers are finding helpful for their property management business. I've been using Wells Fargo and find their restrictions on sending the landlord their monthly...
Tyrell Proby
The Importance of Exit Strategies: Planning for Loan Repayment in Fix & Flip Projects
If you're venturing into the world of fix and flip projects, there's one crucial aspect that can make or break your success: the exit strategy. Having a solid plan for loan repayment is just as important as securing f...