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All Forum Posts by: Bryan Ralphs

Bryan Ralphs has started 3 posts and replied 3 times.

Hi everyone!

I just want to so how grateful I am for the BP community in making this kind of discussion possible!

Ive recently bought my first property which I am house hacking. I'm of course deeply interested in the experiences of those who've been in the game much longer than I have.

When it comes to the lease agreement, what are some of the clauses (or anything) that you've included that has been immensely helpful and not at all obvious when you started out?

For everyone's information, the lease I'm currently using is a form of whats provided by BP.

Also, are there any other forms, legal or otherwise, that you use consistently?


Thank you so much for any insight y'all can provide!~

Hello everyone!

I'm so happy that after years of planning and the resources of BP I have bought my first house hack!

My main question is with anonymity within the lease. This is a condo that I've bought and have rented out the other rooms. I think I would prefer that the other tenants not know that I am the landlord while I'm living there. My question is whether or not it is required that on the lease I state that I am the landlord or not or if it could just say property manager. 

I know the conversation of whether to open an LLC or not is an exhausted one, but Id If I did open one, would the property need to be owned by the LLC in order to use it in the lease as the landlord?

I really appreciate any insight yall can provide!


FYI if it matters, I live in Orem, UT

Hello Family!

Long time lurker here at Bigger Pockets, first-time poster.

To introduce myself, I'm located in Orem, UT looking to invest in long-term investing, with an emphasis on student housing. 

Happy to be here and excited to start my journey to financial independence. 

I'm getting closer and closer to making my first deal and I had a couple questions regarding those first few steps! I'm unfamiliar with a lot of the legal jargon behind real estate so if it sounds like I don't know what I'm talking about, its because I don't. Thanks for your help/patience.

When it comes to financing, what would you consider the best route for a first time home buyer without a 20% downpayment? I've considered a general 3.5% FHA Loan, or I've heard of "piggybacking" your mortgage in order to avoid PMI, is it worth it? Also, understanding that it depends on the individual and situation, personally, do you prefer a private lender or a big bank to finance your real estate deals?

Also, from my understanding, in order to rent a property you need a business license, and in regard to opening a business, which is more popular/useful among real estate investors? A sole proprietorship or an LLC? Why?

Lastly, Zoning laws where there are only allowed 3 nonrelated individuals to a residence, is that a blanket law throughout the united states or does it depend on each individual city? Is there any way around it? 

Sorry for the talking your ear off, I'm just grateful for the amazing resource that is Bigger Pockets and so so grateful for your time and any advice you might spare! Thanks again.