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I am trying to get my first rental under contract. Two questions:1. Should I just purchase in my name before establishing an LLC and then Quit Claim it to the LLC or is it safer to just file the LLC first and purchase...
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Hi there - what do you all do when a tenant's deposit does not cover the damage? Can you file in small claims court and is it worth it (property in Houston metro area)? Can you report this against their credit as an i...
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Hello everyone! My partner and I are taking our first venture into the AirBNB/Short Term Rental world. We just closed on a property in Glendale AZ (looking forward to Super Bowl next year!!) We are looking to get any ...
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Hi All, I'm about $50,000 away from a take it or leave it ask price by a MHP seller. The park meets all my requirements and has extremely good upside in potential income. I'm hesitant because it's my first deal and ha...
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I have out grown my current home, a townhouse in Blaine, MN I have been thinking of renting instead of selling, it seams to be an easy option to get my feet wet in landlording and renting. I owe 129K and could walk a...
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Hi Everyone,
So, I live in a location (Rockville, MD) mostly consisting of high-priced properties and find it difficult to consider SFHs for buy-and-hold purposes. My strategy of interest is with buy-and-hold of SFH...
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Hey Everybody,
I was emailed today by another wholesaler that has a property under contract. He is selling the property for $140,000 needs $10,000 in cosmetic repairs. The comps in the area are between $240,000-$250,...
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Hi,I was reading an article a few days ago that said 40% of Americans can't come up with $400 if they had an emergency. I couldn't believe almost half the country is that broke. The median household income is 60k, so ...
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Hello,I have a dilemma with obtaining a conventional mortgage with my partner. My partner and I are looking to start investing in non-owner occupied SFHs and have decided to go 50/50. We were initially planning to obt...
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^ that's order of operations in case no one knew what I was going for ^I'm looking for some advice from those of you who have multiple rental properties. Thanks in advance~We bought our first rental condo in full last...