7 September 2017 | 3 replies
James.I don't have any personal recommendations but I'd recommend checking out HomeAdvisor to find some people.
5 September 2017 | 3 replies
I have 1 rental property and working on another one. recently started an LLC. what a gathered through bp/podcast. the benefits for an LLC is taxes. saying if you made $100, you spent $50 on expenses, you as the person would get taxed for the whole $100. now say you have an LLC. you made $100 and had $50 in expenses. you are taxed the remaining amount which in this case is $50. in regards to adding a property under an LLC. through a few podcast. they talked about having different LLC with each partner. so unless you want to share the pot of your first rental with your new partner, I suggest making one.
5 September 2017 | 4 replies
A junior-lien-holder's interest in the property is lost, but the junior lienholder can still sue you personally on the promissory note, thus not wiped out.
29 September 2017 | 2 replies
What @Chris Martin said.A real estate/closing attorney, a promissory note and a deed of trust are the primary (sometimes only) ingredients needed or required to close on a property using private or hard money in this state.The going rate around here for a RE attorney to draft or review these docs and close a loan is anywhere from around $400 to upwards of $1,000 depending on who you know, how much business you throw their way, or the direction of the wind that day.The cleanest way to do it, if you're interested in that sort of thing, is for the PML to have their own RE attorney draft the lender docs (Note, DOT, some want a personal guaranty as well) and then use a different RE attorney to close the transaction with.
11 September 2017 | 23 replies
I have tons of friends and me personally am sitting on 2.4M that doesn't have any showings at all.
5 September 2017 | 10 replies
No bank will finance it, so you will need to partner with a private money person to fund this.
20 September 2017 | 32 replies
Personally I would sell and get the $300,000 out of the NJ place and buy something you could get a positive return on
9 October 2017 | 16 replies
It seems the person who won the auction started to demo the property before closing.
7 September 2017 | 8 replies
Do you represent Spencer personally or do you have a preferred contact there that you currently do business with?
10 November 2017 | 10 replies
In MA, AZ,RI we have car/ personal property taxes.