It also is helpful to have a California LLC in case you ever sell that property and move into another state so that you do not need to form a new LLC altogether with new operating agreement, just re-register in the new state as a new foreign LLC.

Good morning, BiggerPockets Family.I recently submitted a Residental Purchase Agreement (RPA) with a pre-qual letter from my credit union and FICO scores.

I recommend focusing on getting a great investment property and disregarding Section 8 in that pursuit because any property can be a Section 8 property, but a lousy investment is lousy regardless of having a Section 8 tenant or not.Section 8 will perform a basic functional and safety inspection for your units after you have an agreement with a Section 8 tenant and your local housing authority.

Hi, can anyone recommend where I can find a template for a midterm rental arbitrage agreement? 

Also, having a loan servicer handle the logistics will make it easier to manage the transaction while ensuring that taxes and insurance are handled correctly.Always consult with a real estate attorney to ensure that your seller financing agreement complies with state and federal laws.

Does anyone out there that has rental property in Washington state mind giving me a sample of their bullet proof lease agreement?

I drafted a lease agreement using other agreements and looked up some things from the Ohio revised code.

Tags: Kenosha Wisconsin fsbo agent realtor  Legally you were never expected or bound to offering the commission.Now you can simply only pay the selling agent, and the buyers agent has to inform the buyer that they might have to pay - in an ideal world....The risk of not offering to pay the buyer side is the buyer can tell their buyers agent to skip houses where they would have to put out for the commission, it may result in less offers on your home.It is now ultimately up to the seller, but in a for sale by owner.... you are not signing any listing agreement with a listing agent so, again the buyer's agent would need to pay the agent.If you are an agent selling your own home off-market FSBO, check your state laws on disclosure etc.

I tried to find a qualified tenant around May for about a month, I had everything in place (application, rental criteria, lease agreement, background check co., tours, etc) however, many applicants had evictions and poor credit history (low credit score doesn't bother me, but when you have 7-10 credit card and personal loans in default, it's a serious red flag.)

As far as the 10 month lease, yes you can do a lease/ rental agreement for any period of time.