Recently spoke with a lawyer. Starting a basic holding corporation documents is about $500. Any know how much the accounting cost is for beginning real estate corporation acquiring2 properties this year??
I was told that lenders will no longer be able to choose the appraiser or give the appraiser a copy of the sales contract prior to the appraisal. My understanding is that when a lender needs an appraisal they would r...
I have been lending funds to a close friend of mine for a rate of 8%. I got a 1099-INT from him to file my tax, which I paid a big portion out of 8% (effectively around 6% after paying the gov). Is there a better wa...
So I just bought my first property (4 unit multi family). One of the existing tenants (On a M2M) asked me about the new rental rates I’m planning, and when I told her of the increase she immediately said she would be ...
My husband and I are trying to purchase our first multi family home (which will be our first home) in the Harrisburg/Hershey/Carlisle area. We are trying to look for the perfect lender without them pulling credit scor...
So, I try and make a little note about conversations/interactions that I have with my tenants and file it with that property. To date, I’ve been using dropbox and making notes, but I haven’t done the best job in the l...
Considering the option of selling a condo we are renovating with a seller financed second to an interested buyer. Having never done a seller financed deal, where do I start? Who can write the note - can my real-estate...
Hello, I have my rental property lease agreement with my name as a landlord. Now, I want to open an LLC and move the title to that LLC. My question is, do I need to update my name to LLc in the rental agreement and in...
Saw a nice condo I think would make a great first rental property..... can anyone here tell me what I would be responsible for as a landlord? Just repairs? Also, the condo is in a HOA.
What documents do I need before or at closing to properly show transfer of lease ownership to me when buying a property with tenants in place already? This is my first time buying with existing tenants and just want t...