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Updated almost 4 years ago on . Most recent reply

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13
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Mohan P.
1
Votes |
13
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First Rental Property under Contract - Section 8 Tenant in place

Mohan P.
Posted

Hi BP Investors, I signed a contract for my very fist rental property - A Condo in Tampa Bay, Florida. A Section 8 Tenant in place with 70% rent paid by Tenant and 30% paid by Housing Authority (from section 8). I have the following questions

1. This is a Cash offer. I plan to purchase this under LLC (SMLLC) name. Question is should I transfer all the Cash to LLC's Bank account and have LLC pay for the Property?

2. I dont see Renter's Insurance on the Lease Agreement. How do I proceed with requesting Tenant to get one ?

3. Is there any good article on how to inspect Condo DIY style?

Thanks in Advance!

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