I’m curious if any other home flippers are thinking what I’m thinking about these fast rising rates. While 5% on 30y is still historically low, I’m wondering & sort of nervous to be honest that some flippers (hope...
A Series LLC is a helpful legal structure for real estate investors, allowing them to create separate "series" within one main LLC. Each series can own different properties, protecting each one from liabilities relate...
If a contract has been signed (I am the seller) but no action was taken by the buyer (never sent a mortgage commitment, never did the inspection, etc) is it required a mutual release be signed by both parties before I...
Hello everyone. Have a friend with the following scenario: Purchased 3 family house. Purchase price, rehab costs and holding equals $700K. Each of the 3 floors will be sold as condos for $350K a piece or a gross prof...
Does anyone have experience buying directly from an HOA? In one of the condo complexes where I own property I noticed that the main office hadn't been in use and that it had been empty for a long time, so today I aske...
I have a handful of properties which are all managed by the same property manager. They use Rent Manager, and I'm able to log in and view all the standard reports as well as a complete general ledger detail. However, ...
Hello all. What are the good, bad and ugly about leasing to section 8? I was tossing around a few ideas for a new construction build I will start the end of the year. It will be a smaller home. 2bed/ 2bath roughly 900...
Hi, I'm screening tenants for a single family home and the husband has no credit history but makes the bulk of the income. The wife has excellent credit (high 700s) and the adult son (also a contributing income earner...
So I'm looking at trying to convert a two family to a 3 or 4 unit. It is zoned R-2 however with in 500' of the property there are a few 3 and 4 units AND a big apartment complex. Now I know at first blush the town w...
LLC Property Management has failed to pay rental proceeds to owner. PM now will not awnser phone calls or return emails. Through research the PM looks to have or is failing. I understand it’s difficult to sue an LLC, ...