Archer Stone
Seller lied about mold in the walls :-(
We bought a condo and moved in 5 days ago. Me, my wife, and 1yr old daughterInspector had found a small amount of mold under the sink in the inspection. Less than two square feet. Sent it to a lab and it tested as “pe...
Jason Clark
This Landlord Stuff is Hard Work!
This is just a minor vent session but I got my first taste of real world landlord work this past weekend. And not the good kind. Not the "retire by 40 and travel the world" kind but more of the "your tenant will try a...
Eric DeVito
Future Newbie Landlord /W some Questions. Advice Needed!
Hello all, so I have some questions as a future Landlord that I am just trying to figure out.1) I am interested in a property that is a Short Sale and Utilities are currently turned off. If I do end up buying the prop...
Ronald Thompson
Attorney in Virginia to LLC for Self Directed IRA
I know there are Self Directed IRA Custodians that can help set up a LLC for checkbook control, but I would rather deal with a local attorney, if possible.I live in Yorktown, VA. So the Peninsula or Norfolk/Virginia ...
Daniel Rutherford
Handling Down Payment and Closing with LLC
I am closing soon on a property that I am financing. My plan is to do a quitclaim deed after closing to get it in my LLC's name. Obviously one thing I want to be sure of from a legal standpoint is making sure I am t...
Andrew Pappas
LLCs, asset protection, and taxes for rental properties
I've read a lot about the asset protection plan of buying a property in your personal name with conventional financing, then quit claim the property into their LLC. My property manager told me he's seen people do thi...
Danny Webber
Best thing to do right now to prepare for the new REI Market?
My #1 suggestion is to "GET LIQUID/STACK CASH" and be ready to make offers
#2 Get intimately familiar with Loan Assumptions/Mortgage Wraps
Mauricio Botero
Philly Realty Transfer Tax (x2) when buying from a wholesaler?
As we already know when you buy and sell property in Philadelphia, there is a transfer tax you have to pay that comes out to about 4.2% of the purchase price of the property. https://beta.phila.gov/services/payments-a...
Justin Greiwe
Debate: does every LLC need a separate checking
I wanted to bring this debate to the forum that I am having with a friend who is also an investor.
The debate, if an owner has several llcs ( all single member) for holding rentals, and one additional LLC acting as m...
Thomas O'Donnell
Neighbors Dog Won’t Stop Barking/Crying
Hey guys, I just moved into my house-hack duplex yesterday. I noticed that my next door neighbor keeps their dog chained up out back all day and night. The dog cries and barks all throughout the night (probably cause ...