All Forum Posts by: Amber Hooks

Congrats!  Are you looking for residential or commercial?

Who mentioned someone in Grosse Ile?  I’d be interested to meet the CPA in GI.

Stephen, congrats!  I would suggest you join the Metro Detroit Real Estate Investors FB page.  A lot of people seem to use a CPA up in Waterford area.  I don’t need know of any in downriver.

Hi Travis, welcome!  You should consider joining the Metro Detroit Real Estate Investors Group page on FB. 

My husband and I have two duplexes with a partner and another duplex and SF on our own.  We are looking to expand our network and buy more properties as flips or holds.

Nabeel, try Epic Property Management.  Josh Sterling has been on a BP podcast or two.  Good luck, hope your Woodhaven one works out!

@Ned Carey @Account Closed

I should have also mentioned that I am not YET on the LLC, but will be added soon. Currently, with having the home in my name for the mortgage but the income not in my name (since I am not on the LLC) it is impacting my ability to get another conventional loan.

@Ned Carey @Account Closed

Thank you for taking the time to reply to my post.  My situation at it's most basic is this...

Home was purchased as part of a partnership, between myself, my spouse, and a friend...and should be part of the partnership LLC (I think???).

Mortgage is in my name.

Home title is in my and my spouse's name.

Any further thoughts?

@Andrew Postell thank you for your response. I certainly need to further educate myself about the legal side of all of this. 

@Account Closed

Thank you all!  Good information.

@John Anderson, can you elaborate?  I'm not sure I'm following you.

@Todd Dexheimer, "If you want to be 100% legit, then form the LLC to operate the rental, but keep it titled in your personal name..." ...I'll need to read about this. I thought if you deed it to the LLC then the LLC is on the title. I'm not clear on how the property sits in the LLC without the LLC being on the title. I have a lot to learn!