Christian Jones
Screening inherited tenants?
I close on 14 properties in less than 2 weeks just outside of Springfield, MO. Most of them have month to month tenants in them currently. Is it appropriate to screen them after I take possession since their contracts...
Rebecca Lujan
How would you handle a request for extension on unsecured loan?
I loaned money out of my self directed IRA for an unsecured loan that the borrower did not pay by due date, which was yesterday, 2/1. I was the one who reached out to the borrow, and I did receive a response via text ...
Dan Ryan
Template/Sample Wholesale Offer to Purchase RE in California
Hi,I am looking for samples of both an Offer to Purchase Real Estate that allows for assignment for wholesaling purposes in California, as well as a sample/template for an assignment agreement.Thank you!
David Boroughes
Garage tenant eviction
Hey Everybody,Question here about what to do in the situation where a garage space had been rented to an individual for storage, no lease, not a commercial garage just residential, hand shake agreement. Months have go...
Roger Heiser
Bank is Landlord
I am looking at a buy and hold house that already has a tenant. When my wife and I went to see it, the tenant was there . She told us that she had been there 3 years and that the bank owned the property. I did some...
Grant Huggins
Partnering with an estate for flip
Many homes sold by an estate could be cost-effectively upgraded and potentially sold at a higher price. With the subset of these homes where the executor might be willing to delay marketing/sale of the home in order t...
David Le
Investor Partner is out of FUNDS!! Solution/Advice Needed
A few months ago I JV'd w/ an investor on a couple of properties. We closed under their business and we have a signed JV agreement. I put the down payment on both properties. At the time I did not have an LLC set up w...
Taylor Green
Changing a property from month-to-month lease to a year long lease?
Hi,
I am wondering about how to change a 4plex that currently rents on a month-to-month lease into a regular 12 month lease property. I was wondering if anybody has any experience with this and was curious of...
Account Closed
What does real estate agent disclosure mean?
If your an investors and own couple properties and then decide to get you real estate license to have access to the MLS, what does it mean that as an agent you would need to disclose to any buyer and seller that your ...
Jerry Kisasonak
Transfer taxes on contract assignments?
I recently had someone tell me that you have to pay transfer taxes when you assign a contract. Is this true?
I've done contract assignments and have never paid any transfer tax. In my mind, there is no transfer of o...