Thomas O'Donnell
Setting up a Checking/Savings Account for Rental
I am looking to set up an account at a bank different than my personal one for rental property expenses/income and savings. However most places are saying I need an LLC In order to use the accounts for a rental proper...
Joel Kleyer
Post Remodel Appraisals
Interested in purchasing a 2-bed,1-bath SFH in Louisville, KY, to rehab the attic to create an additional bathroom and bedroom. Property currently is valued at $200K-$225K, but similar 3-bed,2-bath SFH are $300K. I'...
Jeff A.
Damages Claim against Deposit
We just received a notice from the apartment manager we moved out of that they are going to charge $900 against our secrutiy deposit because of a damaged front door, cleaning, and some other minor stuff. He says that ...
Burt L.
Simultaneous Closing- How to Handle Buyers Title Policy Request When Policy Shows Purchase Amount?
I have a buyer on a strong deal, who understandably wants to examine the title policy before giving a deposit. Of course, they would be aware that the title policy is in the amount of the buy-side figure and I thought...
Douglas Vogel
From Flop To Success
Hey Guys,I wanted to post a win here and see what other people thought. A couple years ago I had bought a property in the Chicago area. It was meant to be a flip and connected myself with a broker. We ended up purchas...
John Seelig
Big Picture - Renting out a home with equity advice
I'm sure this is in the forums already. I'm not good at searching apparently. Apologies.We are modest W2 earners, 250k combined, I want to take my family home in San Diego worth around 700K, with 200K in equity, and r...
Chavis Kendrick
Landlord plan, need some advice.
My wife and I are trying to create a plan before we start home searching in August. My plan is to buy a 3 bedroom 2 bath family home that will have an estimate mortgage of $850-$880 with my VA home loan. We would have...
Cierra Seay
Creative Financing for Personal Residence ????
Just wondering if any investors have used creative financing options for their current personal residence or do you go the traditional route and just get a mortgage ? Specifically land contracts, lease options, or own...
Joshua Andrews
Escrow company for note purchases
Has anyone had experience using a 3rd party escrow company for non performing note purchases? I think in addition to the typical NSA it would provide peace of mind. Has anyone used an escrow company or agent in transa...
John Wilson
No documentation commercial loans
Has anyone had any experience with no doc commercial loan programs ? I’ve got a property under contract and trying to look at all of my options ,either conventional ,or no doc commercial multi family loan. I’ve got...