Nathan Bruce
Purchase in my name then transfer to LLC or buy with the LLC?
30 April 2021 | 42 replies
Our general counsel has mentioned that as long the loan is current a transfer to your LLC as long as you retain title to the LLC as well would be fine.I cannot say this for each banker/servicer so I would check with your bank as well as their policies may be different.
Marc Murano
Property Management Business Development
4 April 2013 | 3 replies
Adjust the commissions/bonus structure to incentivize the desired performance and make it sufficiently lucrative so you can attract and retain good talent.
Roy K.
1st Wholesale Deal - NEED Answer ASAP
2 February 2014 | 36 replies
I will sign all paperwork before closing and let the sellers know that a business partner of mine will be at closing.
Dawn Brandt
Pet Policy Violated / Beyond Normal Wear and Tear
15 February 2017 | 11 replies
Overall she didn't have enough security deposit to retain to pay for the damages.
Account Closed
What to ask CPA in initial meeting?
13 December 2017 | 12 replies
We are both married, have mortgages, brokerage accounts and now with the business (expenses and set up costs) going forward we thought it best to retain a CPA for the coming tax season.
Nicholas W.
This BRRRR thing really does work, with pictures
30 November 2021 | 253 replies
Aside from time and labor I now have nothing invested, even will get $7k additional back and retain $57k in equity.I’m not going to throw out cashflow numbers since everyone tends to calculate vacancy, repairs, capex differently and I don’t want to get off track.
Tom Armstrong
Tenant issues/ Evictions
14 May 2019 | 2 replies
A tenant with an 800 credit score earning $100k/yr is a much lower risk than a tenant with a 550 score working at MacDonald's.Know the laws, processes, and requirements for serving proper notice to tenants who don't pay.Be prepared to use creative solutions such as cash for keys and early termination agreements.Have an attorney who specializes in landlord-tenant law in your state on speed dial (if not on retainer) to assist with evictions and other legal matters.Consider investing in more landlord-friendly markets.
Josh McCallen
Does the BP community prefer private loan or syndication deals?
29 October 2019 | 7 replies
@Josh McCallen It depends Debt allows you to retain full ownership, equity takes a piece and gives it to investors.
Kate Homme
How to sub divide vacant land? steps and suggestions
13 September 2017 | 19 replies
They just put me in contact with their lawyer who required a retainer just to initiate looking into it.
Brian Garlington
Is my potential agent taking to long to write an offer?
15 September 2017 | 38 replies
Maybe I'm missing something but wouldn't that be a clear signal to the listing agent that as the potential buyer I am trying to go around my own agent or worse, "anxious" to see if things are happening.....which in turn could hurt my position because it makes it appear that I really want the property?