Nicholas Dillon
Vetting a Syndicate
30 December 2024 | 7 replies
And even though virtually every sponsor agreement allows me to share investment information with others who might be advising me on it (especially when club members are bound by an NDA), I still ask the sponsor if I can share it, because it's a test.
Kris Lou
PM Fees in OH
26 December 2024 | 7 replies
Just make sure to read the management agreement carefully, the monthly % isn't the only cost to consider!
Paul H.
Questions when working with a new/unfamiliar wholesaler
30 December 2024 | 7 replies
You can get some estimates from contractors for what they charge for big ticket items like to renovate a bathroom, renovate a kitchen, replace the furnace, replace the roof, etc.All wholesale deals should have free and clear title and you should be able to see the sales agreement before submitting the earnest money deposit.
Brock Bernall
Private Money Contract
21 December 2024 | 3 replies
If you are buying in a LLC there is typically a loan agreement and personal guarantee that is common
Ivan Castanon
I need to change strategies. What should I do?
31 January 2025 | 41 replies
Make sure that that person has a lot of experience, and make sure that there is at least 20% - 25% equity over and above the amount that you have lent and in your agreement it states that they can have no other liens or loans on top of yours.
Don Konipol
COMMERCIAL Mortgage Broker Licensing Requirements by State
28 December 2024 | 16 replies
It seems like this would have to be some preset terms under employment agreements.
Ananth Subramanian
Post Eviction Judgment
26 December 2024 | 7 replies
Then tell them you're willing to forgive their entire balance if they're willing to pay x and move out by x date.Do not cancel the eviction though until you confirm they're out and held their end of the agreement.
Tar-U-Way Bright
How could I use my LLC
24 December 2024 | 14 replies
Here are a few tips:Asset Management: Holding your property in the LLC can protect your personal assets, but check with an attorney or CPA to ensure it’s set up correctly and complies with local laws.Rent Collection: Collecting rent through the LLC simplifies accounting and keeps personal and business finances separate, which is a big plus for taxes and liability.Property Management: Since you’re self-managing, the LLC can be used to formalize agreements, pay vendors, and manage expenses—treating it like a professional operation.Just make sure to consult an attorney or accountant to align your setup with your goals.
Tom Evans
Does a shared well agreement prohibit STR usage?
8 December 2024 | 4 replies
Are the other parties to the agreement the property owner sharing the well and maybe an HOA?
Colton Bridges
How to refi out of hard money loan/multi unit
21 December 2024 | 24 replies
If I secure renters and show a lease agreement and deposit can I get into lower interest rate mortgage?