We have created 2 LLCs: LLC #1 - Holds rental properties; LLC #2 - Property Management Company for LLC#1. Under "Insurance" of the Property Management agreement it states that the Owner will maintain a PLI policy tha...
My regular real estate atty is great but suggested I find a CRE atty with self storage experience to work through the PSA on a bigger deal I'm doing. Anyone have any good referrals? I'm in NC but I'm open to working...
My wife recently got licensed, but is working in her office job (mainly got it for us to get access to MLS for our REI business). We are finding that a lot of our leads are not willing to go with a wholesale price opt...
1) Does your rental property need to be under an LLC to take advantage of tax decuctions such as depreciation and mortgage interest tax deductions or can you still take advantage of these deductions if the home is un...
Investment Info:
Single-family residence buy & hold investment in Houston.
Purchase price: $160,000
Cash invested: $8,000
First home purchased upon relocating to Houston, TX during October 2015. ...
Hey all,I was wondering if anyone knew any good inspectors/inspection companies with decent pricing. I’m looking to have a duplex inspected. There’s a leak from the roof in one of the units, which is currently being r...
New to real estate investing here. I was wondering, a lot of people seem to use investors to help get their property. What do you guys use, if any, to stop an investor from out right buying the property from under you?
Hey BP!So i finally received an update on my HELOC im trying to open up for investment purposes. I saw someone post on here awhile back about Huntington bank being a great institution for opening up a HELOC. I went th...
Investment Info:Small multi-family (2-4 units) buy & hold investment.
Purchase price: $246,000 Cash invested: $20,0002 flat on the South Side of Chicago.What made you interested in investing in this type o...
Does anyone here have experience on the receiving end of these? Is it reasonable, customary, advised, or none of the above to allow a tenant to move-in based on the promise letter alone? Or should I wait for the check...