James W.
Property manager gave rent checks to previous owner!
I recently purchased a commercial retail building which closed on 12/31/2012. It was a normal purchase using my broker and a standard AIR contract. I kept the original property manager to manage the building.
My fe...
Account Closed
Anyone around the Roanoke VA area?
Looking for anyone around the Roanoke VA area, realtor or other investor. Looking around the area there are some buys, but not sure about the areas. Was hoping to get some idea of the areas if they are decent for rent...
Nick Horob
New Member from Fargo, ND (experience with farmland, oil wells, & some CRE)
Hello all,Good evening from a warm (finally) Fargo, ND! I graduated from the University of Minnesota with a Finance degree in 2007. I spent 3 years working for a $600 million Minneapolis-based private equity firm (Sh...
Daniel Demint
No 203K on Investment Properties?
Just called a lender to get my pre-approval before looking at a HUD home for sale. Was looking at a 203K to get repair cost built into the loan. She responded that they do not do 203k's unless the property will be O.O...
Lalainya Rawlings
Moving capital/profit from private Investor to LLC
How is capital/profit moved to and from an investor to a business? Person X wants to invest in Flipping LLC. Can they simply wire 100k to the business account?Can the business account wire 110k to person X when the pr...
Forest Konwerski
If you're willing, I need advice on my first home.
Hello, I'm about to buy my first home. I wanted to buy a home a home that decent, doesn't need to much work, and would rent out well when I move. I live in the Richmond, VA area; and am looking at the Richmond area, t...
Billy Quirke
LLC or Personal Account?
Hello Everyone! I just closed on my first duplex, and before the closing I set up an LLC to have the deed quitclaimed, and opened a business account with my bank for the LLC. We were not able to perform the transactio...
Cecilia Cave
Do we need an LLC as a newbie investor ?
Hi there, as a newbie investor (we have acquired 3 SFH properties so far since September of this year) a thought came to our minds about putting up our business in an LLC. Do we really need to do that? Thank you all i...
Nick Hudspeth
Should I form a LLC for House Hacking?
I am in the middle of purchasing a duplex in order to house hack. Should I set up a LLC to collect the rent payments? or should I just collect them in my name?
Will the LLC give me any tax benefits or anything?
I p...
Casey Johns
Lease Agreement- Owner Name
I am creating a lease to start self managing my properties. In my current lease it states: between Michael & Casey Johns (hereinafter, “LESSOR”) and (LESSEE NAME). My husband wants to take our names out of the lea...