Amie D.
Areas with more evictions?
Hi all,Recently I posted about a property manager I hired, who came to me through a recommendation, whose first tenants placed were the worst I’ve ever had in 20+ years of renting properties. Aside from multiple ongoi...
Chris Tabanico
Average Rent in Pinckney?
Hey all. Anyone have a sense of rents in Pinckney? Have a line on a small multifamily with all one beds in it and trying to figure out average rents. Not a lot available on rentometer or apartments .comThanks!
Lukas Getter
Do you need a rel estate license to market on social media?
For example if I wanted to run an ad looking for potential sellers would I run into any legal trouble without a license? I've heard, in Florida at least, you need a license to wholesale.
Account Closed
Split income 50/50 if property only in 1 name
Good evening,I have a question regarding Tax matters. If a property is only in one name (even though it was purchased with the money of two persons) and both persons receive income is it possible to declare these prof...
Victor V Rogers IV
Add spouses to our new LLC?
My business partner and I are starting a real estate development company and are forming our LLC. We're each married and are wondering what the pros and cons are to adding our wives as members. Both wives are stay at ...
Brett S.
General cost hierarchy for updates?
Hello,I need to purchase a new personal residence in a new area and while none of the houses are to my exact liking, there are a number of houses which check a few of the boxes.Therefore, I plan to purchase one of the...
Andre Clemons
Talked to 2 sellers. The most nerve wrecking experience ever!
I finally spoke with 2 potential sellers and I must say it was very nerve wrecking and exciting at the same time. The first one was a woman who was already extremely annoyed at made it know when I first called. The se...
Will Skelton
Insuring a four-unit building
Hello,I'm in the process of buying my first four-unit property. The insurance agent (Safeco) says that anything over three units is considered commercial and therefore more expensive.I'm getting mixed results when I s...
Jayson Trierweiler
My Vacancy Allowance Analysis for SFR
Essentially is as follows:New Lease Fee (one month’s rent) + Expected Missed Rent + “Refresh” Cash(Refresh Cash = the amount out of pocket to prepare the property for new tenants, after tenant deposit is spent)It look...
Billy Au-Yeung
Finance under individual name but work is done under S Corp
I have a S Corp setup to manage my real estate brokerage revenues and I intend to use this entity to track my flip business as well. However, I am told several times that lender will not finance if I use the entity n...