Andy Wayne
Legal Status
Hi Everyone,
I just closed on my second property of the year. And I was wondering for the people with multiple rentals, how do you have them structures from a legal standpoint? Right now, the properties are just in m...
Tyler Hampton
New Investor Looking Out of State
I am brand new to rei and my local area is very bad so we are looking out of state. We chose Atlanta, GA because we have a good friend who lives there who can help us in a pinch if necessary, and it seems to be a good...
David Nacco
How do you handle reserves on your rentals?
So this is a total newbie question but how do you guys handle your reserves? On a rental that’s renting 1500 a month and saving 15% ($225, 5% capex, 5% maintenance, 5% vacancy) it just seems low to me. Am I just being...
Greg P.
Wholesaling a "Grey Area?" Illegal in Minnesota? Realtor..?
Hello, just spoke to a reputable attorney in Minnesota about wholesaling real estate. He basically said that if I did a few deals and someone "told" on me to the commerce most likely I would get a fine. I'm writing ...
Steven Bays
Owner financing questions
Finding a few properties that are OF, what questions would you ask from most important to less important. There are some properties I like that are advertised as owner financed and before I go in and make a fool, what...
Account Closed
Trustee Sale Insanity
Recently, I held a $35k 2nd against a house in East Palo Alto CA that had a $230k (+ over $20k arrears) 1st. I estimated the house to be worth somewhere in the low $300k's, Zillow has it today at $373k, eappraisal...
Sergio B.
Heloc for LLC---Read to see who is doing it!!
I already have my 1st investment property under an LLC owned by me and my wife, the property was purchased cash a few months ago. Is fully rehabbed and rented now with a nice cash flow.
My bank (BBT) initial...
Travis Russell
Chicago Rehab Numbers to Determine Purchase Price
I'm looking at a 2/1 condo that needs some reasonable renovations. It's in a good area that's going through some regentrification. Lots of families and close to public transit.
700ft2, large bedrooms, small...
Chris Dooley
Possible first rental property... need advice!
This is my first post to this site, I was directed here by some people from the Boglehead community and am excited by what I've seen so far. Thank you ahead of time for taking the time to help others on these forums,...
Chris Duzan
My First Analysis
Hey guys. Did my first analysis on a rental in my area yesterday and I wanted some people to take a look and tell me what they think.If you're from the Columbia, SC area let me know if the property taxes and insurance...