In reality they ought to just let you run in your own name and choose to be treated like a separate LLC for each property automatically without filing the LLC.Meaning change the law so it protects the owner the same as an LLC, without the RED TAPE burden.Red Tape such as, Single Member LLC annual meetings with "paper meetings", emulating on paper a Board meeting for a larger concern.And yes the law says you don't have to do this, but then some attorneys recommend doing this anyway.Then there is the $300 fee, just to have the courts use a particular set of laws (and cases) if someone sues your LLC, plus the attorney fess to get personally released from the law suite that sometimes get filed.Red Tape, Money (Profits) down the drain.In this business, (and maybe others) I think the LLC laws should apply to doing business in just your own name.Save the LLC's for partnership deals, vs sham (and we all know what that means) 2 member partnerships, and Single Member LLC's.Texas already has some reasonably strong personal asset protection laws ie.

most of us pay $400 a year and I would expat that experience at that price to include a modern app.does anyone know status of when a BP app will be released?

You're probably not intending to be fraudulent, however as the Community Manager here, I feel compelled to inform you that lying on a mortgage application, stating that you intend to use the property in one way when you actually intend to use it in an altogether different way, is mortgage fraud which is a felony punishable by up to $1 million in fines and significant prison time.We recently released an episode of the BiggerPockets Money Podcast with @Jon Lallande, where he gave mortgage tips and we touched on mortgage fraud near the end.

People are trying to time the market right now and when NAR released June data I think we are going to see a shift to a sellers market with the # of homes coming on the market.

In 2021, some 62 companies relocated their HQs to Texas from 17 states and three countries, according to the just-released Relo Tracker Report.

We then signed a release with the wholesaler and sent the signed release to the title company. 13 days later we got an email from the seller (who we did not know or have any dealings with) stating that he would not release the earnest money because we had tied up the property for 23 days.

I'm not enthralled with this strategy because (1) should tenant go belly up, you may have a lot of trouble re leasing the property without making further modifications (2) one tenant default equals 100% default and (3) credit tenants pay only enough rent for low returns.  

Hi Jason, I would notify the owner that you have learned the property is only a 2 bedroom and not a 3 bedroom as advertised and ask the seller to release you from the agreement.

When we signed release papers, the seller came back and said he would install a sump pump, dehumidifier and a new vapor barrier, while also paying for the termite treatment.

The question is or more rather we are looking for a waver / release form that she could present to clients expressing she can't be held liable for say a collapsed sewer line...