Michael G.
Multiple Investors (take 2)?
So, a while back I posted a question about having multiple investors all making small investments to my LLC. That sounds like it's really hard to set up because of the SEC rules.
I have a different idea I wanted to ...
Jay Garrison
common for applicants to flake?
I am renting out a 3 bedroom apartment on Chicago's Southwest side. The steps in the tenancy process are:
1) application (personal info, current address, former, job, a personal reference) and last 2 paystubs
...
Summer Segeleon
Aquiring property at tax sales- Safe?
I do not mean to ask about buying a tax lien, which is different.
My county in PA has first an "upset sale" , in which you are buying the actual property, but any mortgages, liens, etc. are still attatched ....
Ryan Davis
Tenants heat is out, what to do?
My tenants heat went out last night. Luckily, I have a home warranty. I called and the soonest they can get one of their contractors out there is Monday. The tenant is not happy about this with today being Thursday. I...
Jeff D.
flipping out over possible s-corp loss
Here's my simplified as possible scenario:
in 2011, I set up LLC, bought and sold flip title in LLC, LLC made 25k profit on sale of flip. Took 25k out of LLC account and put in my personal account. Towards end ...
Shawn Bass
Two houses on one parcel...advice for financing?
Looking to pickup my second purchase for rentals. Came across a really good value of a property for under $200k. When I passed it by our loan broker, he indicated that the underwriters have an issue with the propert...
Bill Gulley
LLC Minutes & Maintenance Issues
A recent thread pointed out the need for an Operating Agreement which led to maintenance rquirements of an LLC.
Not only do members need to have an Operating Agreement but the corporation needs to be maintained.
Min...
Ron Mussatto
"AS IS" offer but include inspection contingency
Of course an AS IS offer is attractive to seller and increases my opportunity for more deals. But how do I present an AS IS and include a inspection contingency? Secondly, when I have the contract, how can I come ba...
Alex Babayev
Smyrna, GA Flip & Profit Analysis - New investors Read to Learn
Summary – Key PointsLess is more – More bedrooms does not always relate to higher sales priceNegotiation – It does not matter what a property is listed for on MLS, make an offer based on what will make sense for youUn...
Josh Thompson
Invest in real estate or pay off student debt?
I’m currently working full time making $30/hour with frequent overtime and have saved up about $8000. I also have about $58000 in student debt at an average interest rate of 6-7%. I am eager to use an fha loan to buy ...