
1 March 2021 | 3 replies
One of the main considerations of being a landlord is the liability risk which should be covered with adequate insurance, applicable to owning both directly or in an LLC - please don't neglect this.

1 March 2021 | 3 replies
I believe the only exemption is if there is an unforeseen circumstance.

10 March 2021 | 16 replies
Internal Revenue Service, or received an Economic Impact Payment (stimulus check) pursuant to Section 2201 of the CARES Act;3) I am unable to pay my full rent or make a full housing payment due to substantial loss of household income, loss of compensable hours of work or wages, lay-offs, or extraordinary out-of-pocket medical expenses;4) I am using best efforts to make timely partial payments that are as close to the full payment as the individual’s circumstances may permit, taking into account other nondiscretionary expenses;5) If evicted I would likely become homeless, need to move into a homeless shelter, or need to move into a new residenceshared by other people who live in close quarters because I have no other available housing options.Source: https://www.cdc.gov/coronaviru...The kicker is all the tenant has to do is sign the statement, but you, the LL are allowed to challenge it.

2 March 2021 | 8 replies
I don't have any specific text in the lease about crediting or reducing rent payments under these circumstances.

3 March 2021 | 11 replies
Life circumstances change for the landlord and the tenant over the course of a rental property investment.

3 March 2021 | 3 replies
People can also be removed for other extreme circumstances such as being violent or breaking the law. if you decide to buy a purely investment property and want it vacant, try offering the seller a little extra and stipulating that he give cash for keys and deliver the property vacant.There are still options in this market.

3 March 2021 | 6 replies
Here is the letter i was sent:Please review the loan application terms and conditions.REQUIREMENTS:(1) Borrower must have a working bank account in his/her name or company name which will be used for the transfer of the loan.(2) Borrower will start the repayment of his/her loan 3 months after the loan has been transferred.(3) Borrower will be given 3 months of grace to payback the principle loan amount with interest at the end of the agreed loan duration before legal actions will be taken.(4) Failure to pay back the loan at the expected date / period, legal actions will be taken against the borrower by my attorney.(5) Address: You must inform me about change of circumstances and must tell me promptly if you change your residential address or zip, or if you think there is any information That I Should be aware of.(6) There is no prepayment penalty.(7) Interest: Interest rate ranges from a minimum of 2% - 5% irrespective of the loan amount.(8) Loan Process: It takes the interval of 1 to 3 working days from application to funding.(9) Loan Amount: Loan amount ranges from a minimum of $20,000.00 – $50,000,000.00 per application. (10) Loan duration: Loan duration ranges from 1 month to 30 years.REPRESENTATIONS1.

9 March 2021 | 14 replies
In limited circumstances you can place your own lien on the property.

2 March 2021 | 2 replies
@Rick Turman you don't want to use a quit claim under any circumstances unless it's an absolute last resort...use a general warranty or warranty deed...I can send you to my lawyer if you need some guidance...Sometimes transferring property back and forth isn't really necessary...I'm not sure why we all hold properties in LLC's...it's not really adding protection...if you kill someone in a car crash, the LLC will not protect your property or equity in that property from being gobbled up by an aggressive attorney...the LLC does not carry over to other aspects of your life...and it really doesn't even offer protection if your tenant falls down the stairs and sues you...the LLC is tied to you personally.Why is it a commercial loan?...

4 March 2021 | 14 replies
I cannot wait to start this journey with properties around our area.Without this deal, I will probably be in the same circumstances I was before.