Michael Glaser
Signing Before Closing Date
Purchasing property, waiting on appraisals. The seller recently said after we signed a sales contract in November that he wants to have the contract go into effect Jan 1, 2017. This is to avoid capital gains he'd have...
Account Closed
Starting an LLC for properties, not sure what state to register
I plan on purchasing a rental property soon. I'd like to register it under an LLC, problem is I'm looking at properties in multiple states so I'm unsure of what state I will need to register in. The question that I ...
Tommy Ray
The Big Picture Wealth Mindset....
Please define wealth. What is wealth to you? It is important before you start and get to far that you have an aim point... A goal to work backwards from to today so you can make a specific plan and take deliberate ...
Anthony Lopez
What States are Landlord Friendly?
I have been looking at properties in the west side and south side of Chicago that look very promising as a rental property. After talking to some real state agents about renting in the area they have warned me about p...
Mark Hawthorne
A Friend in need, can I help and make a buck or two ?
HI their, and let me say first, Im new and most of my "Post reading " has been on Wholesailing.
This just came to my attention last night.
Long story short.
My friend was selling homes for an upscale addition ( no...
Brody Veilleux
House Hacking with an LLC
As far as I’m aware, FHA loans are only for individuals. Is there any way to get an FHA loan and transfer it to the LLC? What are the pros and cons of this?
Jessica Howell
Funding LLC's, deposits and draws
Hi everyone,
I will have 2 LLC's shortly. How can I go about transferring emergency funds between the LLC's as needed? What about depositing personal money into an LLC or drawing money from an LLC to put in a persona...
Pat Clancy
Rental cash flow in a sideways market
Hi all,First off, I'm a new member. Looking forward to learning more and sharing some of my insights.I currently have one investment property, condo, generating $1,700/month with a mortgage/HOA around $1,000. It's bee...
Randy Thaler
Possibly relocating...what to do w/ devalued house
Just thought I'd post something to get some opinions from people more experienced than myself. My wife and I are thinking of relocating to another state. In the meantime, we purchased a house a year ago which, from ...
Andrea Weule
Lease Option Tenant filing for Bankruptcy
We have a property in Crown Point that was put into a 3 year lease with option to purchase in June of 2017. The tenant put down $3,000 option and paid $1700/month for the rent. They were also responsible for all uti...