All Forum Posts by: Allen Lucas

My childhood best friend has come up in the world. I recently started my Airbnb business back in May and it has been very successful so far. So he now wants to establish a partnership with me and provide the Capital to either rent or purchase more STR properties. Are there any contract templates that can help in this situation? We are already in the process of starting our LLC. I will be responsible for setting up the properties and setting up teams to manage and clean them. He will be the primary financial contributor.

I have gone through too many scams and lost way too much money to just fall for another trap again.

Thank you everyone for this great advice. 

I'm confused on how to advise my fiancé. Her and her sister are now at odds over their childhood home. Her sister is attached to the property and wants to keep it. But their mom only owed less than $60k on the house but it needs about $30k worth of work. The homes in her area are selling for over $350k. Their mother also left them her savings and 2 life insurance policies where worst case scenario they stand to inherit at least $50k a piece from those. In DC is it ok for my fiancé to pull her share of the equity in the house out and give the house to her sister without her sister's permission? I'm asking because it appears they won't be coming to an agreement on what to do with the house. 

I am finally selling my first real estate property! Anyone in MD can share with me what the renovated or partially renovated 4bed/ 2bath houses in Capitol Heights are selling for? I want to make sure I'm not asking for too much and that I'm not under valuing my property as well. I intend on listing it for a little over $200k. The house definitely needs work, but it is in much better condition. It may need a new roof, and a finished basement, but other than that it has been totally renovated. New stainless steel appliances, granite countertops, new tile in the foyer, kitchen, and upstairs bathroom. Upstairs bathroom has been totally gutted and reconstructed, 2 year old hardwood floors. After it sells I'm looking to reinvest the money into another property to flip. All experienced advice and suggestions are welcome! Also, any advice for finding the funding for my next flip. 

I am finally selling my first real estate property! Anyone in MD can share with me what the 4bed/ 2bath houses in Capitol Heights are selling for? I want to make sure I'm not asking for too much and that I'm not under valuing my property as well. I intend on listing it for a little over $200k. After it sells I'm looking to reinvest the money into another property to flip. All experienced advice and suggestions are welcome!

In my state the Landlord has 30 days to respond to a complaint. And I have responded to this complaint about 3 times. The guys I hired could not seem to get the job done. So now I need to hire a licensed plumbing service to ratify the issue. But let her tell it, I wait an entire year to fix things in the house. But yet my contractors have been in that house pretty much every month fixing things or replacing things. 

I have a very obnoxious tenant that does the most over small things. One time I forgot a water bill payment and they cut the water off. When she told me I immediately paid the bill but they didn't come until the next day to cut on the water. So she took it upon herself to go to a hotel that night and when rent was due, she attempted to charge me her hotel bill. That didn't go her way. But now she is upset that there is a reoccurring issue with a shower leak in the house. I'm trying to get it fixed without replacing the whole shower. I ended up calling a plumber to check it out. But then she decides instead of paying me the rent, she wants to have the court hold it until the issue is fixed. Is she within her rights to do that? Mind you she is currently in a month to month lease. In our contract she has agreed to allow me the ability to show off the property to potential homebuyers. But I decided not to sell it. But now I plan to give her a 60 day notice to vacate and market the house to potential renters. So my other question is when does the 60 days start? When I write it or when she receives it?

I have a tenant who lives in my house who's lease is ending by the end of the month. I already discussed with her about a month to month lease term because I'm looking to sell the house. How should such a contract be written up so that she knows and agrees to the house being on the market while she is living there? 

Ok! Thank u guys!