Christian Nachtrieb
Partnering on deal with one other person
Hi BP,I'm planning on partnering with someone on a future deal, the issue is they will be the one supplying the down payment which will roughly be $50-70k. We're going to do a simple 50/50 equity split on the ownershi...
Kevin Izquierdo
What are "Move in Funds"
From reading Brandon Turner's Book on Managing Rental Properties, on his Deposit to Hold Agreement sheet, he writes, "Other Move in Funds must be paid in amount of: $__".What are other move in funds?
Robert Fry
Buying partial notes
Reading through this site has opened my eyes to problems I never thought of. I usually stick to local rental properties. While trying to find a new investment for some cash I needed to put to work, a friend recommende...
Tiffany Tan
Help with holdover tenants
Hello everyone,I could use some advice regarding my situation.
I have two tenants whose leases are set to end in two days. One of them has just expressed a desire to stay until November 1st and is willing to forfeit...
Jesse Schultz
Templates for private lending contracts
Hello,
Does anyone have a template for a contract between a private lender and a real estate investor? Something that settles agreed upon lending rates, payment schedule and default follow up options.
Any thoughts wou...
Peter Paxos
Last Months Rent and Security Deposits
Hi BP family:
Hope all had a great July 4th holiday.
My question to the group is pretty straight forward.......How do you actually avoid having a tenant use the security deposit as the last months rent? You can ag...
Cory Hoffman
Security deposit for a lease option
I am curious to know how people handle security deposits for a lease option. Meaning, you are getting an option payment that is nonrefundable, what if they don't buy but want to remain a tenant. I am doing one here ...
Jason Dillard
Non-recourse Debt and Tax Shelter
I have a new CPA that is struggling to allow me to use the tax shelter from owning properties that have "Unqualified" debt. Maybe a partner signed for the bank debt or I took a property subject to that disqualified ...
Avery Moore
1st time with Section 8 need insight
Good morning BP community,This is my first-time having using the section 8 program in having a tenant. It wasn't easy going through applicants being that its Atlanta & it's a lot of people applying from other stat...
Richard S.
New Jersey Rent-to-Own / Lease Options
Hey everyone,I'm intrigued at the idea of offering prospective tenants/buyers my single-family homes with a lease-option or rent-to-own scenario. I don't know a lot about Dodd-Frank yet, except that it definitely appl...