Bienes Raices
"Manager Managed" LLC, and the Operating Agreement
I formed my LLC a few months ago using a service, and received the Articles and Operating Agreement by mail from them.
The service advised me to make the LLC "Manager Managed" (with myself as the...
Josselyne Lugo
Wholesale Owner finance.
Hi BP!I have a question for the more experienced wholesalers out here. I have a home under contract and my seller is open to owner financing. I have a cash offer on it but it is taking a bit longer for me to sell this...
Casey Gocel
I live in an expensive area and the numbers aren't working
I've been researching REI'ing for the past 6 months and I have yet to purchase a property. I live in New Jersey where property values and property taxes are very high. I don't have any construction experience, so I ...
Keegan Darby
Investments with no cash flow
Hello BP -
Turned down the purchase of a home today with the following details:
$220k purchase price $270k ARV (built in 2008, just needed to be cleaned)
Needs ~$20k in light work (paint, faucets, yard cleaned) ...
Sean Mooneyham
Aspiring Agent with some Questions.
Hello,
I'm currently a construction worker, been so for 10 years now and I'm absolutely sick of my job. It's dirty, it's loud, and dangerous. I would like to live past 63, and I'm tired of sitting in a porta-john. I h...
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Assigning a Short Sale
Hi all. Has anybody had any experience in assigning a preforeclosure /short sale??? I always hear from people who say it can't be done but I've read that some people have done it but don't share HOW they did it. If y...
Connor Heim
Disclosure required regarding possible assessment from HOA?
Hi fellow investors! Got a question that I'd love input on.I purchased a condo in Florida in February of this year. It is in a small 8-unit community that consists of three buildings: 2 duplex-style buildings on th...
Gary Erdoglyan
Since there is low inventory, doesn't development make sense?
If there isn't a lot of inventory than Why don't investors, especially in the Los Angeles area run towards developments?Sorry if this is a dumb question.And im too young to remember, but from what i read, doesn't this...
Bryce Renicker
Terminated contract due to inspection report
Hey BP community,Just looking for a little insight / encouragement after my first deal fell through. Im in Chicago, looking to purchase a 2 flat in the Pilsen area. I had a 2 flat under contract at 360K with a 3.5% do...
Chris Kimsey
Tenant taking their time to pay rent.
Hello,Wanted to get the opinion of some of the more experience landlords. I have a couple that just recently moved into one of my properties here in Texas. Their income is 5x the rent. Credit scores and background ch...