Trevor DeSimone
How Do You Protect and Structure Private Money?
I've done private money lending in the past with both contracts and promissory notes. If you're a private money lender how do you protect yourself while lending? What legal documentation do you use? How do you vet you...
Victor Maxey
Assigning Lease Options To A Tenant Buyer
I HAVE A BUYER IN PLACE WHO WANT THE HOUSE I HAVE UNDER L/O WITH SELLER. WILLING TO PUT DOWN 5% OF PURCHASE PRICE AND PAY MONTHLY RENT A MONTH. I PUSHED IT TO HIM FOR 10K MORE THAN I HAVE WITH THE SELLER. WOULD I REPL...
Account Closed
What to do with our Property (Corporation, LLC, Individual)?
We flipped a house out in IL (I live in CA), and it's not selling right now. We don't want to lose money on the house, so we're considering turning it into a lease option. We have a HML for the property right now and ...
Kyle Neville
My business is taking off. So many questions !
My friend and I are starting a rental business to help us save up to start flipping houses. While we were at work a doctor overheard us talking and he said he would invest in us so we can start flipping houses now. Qu...
Blake Billings
Joint Venture or LLC
Hey BP,I am looking for advice on how to structure a partnership. JV or LLC as partners. What are the Pros and Cons, implications, etc. I currently have 5 units that I have acquired over the last 24 months with my own...
Kasey Gagnon
First Investment Property LLC vs Conventional Loan
Looking for some advice in reference for my first investment property. This will not be my primary address, so FHA loans are out of the question. Do you all recommend buying the property with an LLC or buying it with...
Ademola Dawodu
Evicting a tenant from a multifamily unit that I intend to occupy
In California, what is the process to evict a tenant from a unit when you are purchasing a 2-4 unit multifamily property? I would plan to occupy the unit, does that make it possible? Is it legal?
Bob Billingtonz
Asking tenant to resign lease due to void lease
We recently found out our lease is void/unenforceable due to some wording in there related to who is responsible to pay for attorney fees. Is there a way we can ask our tenant to resign a new lease without having to t...
Alex Sky
Who keeps the EMD???
Hello,
Who would keep the EMD in this residential real estate scenario? Here’s the sequence of events:
- all buyer contingencies EXCEPT Loan contingency were removed
- Loan CR removal date was 9/21, buyer didn’t re...
Chantelle Lewis
Displacing tenants for landlord use
Hello! I am a first time home buyer in Los Angeles county and I am looking to buy a duplex owner occupied. Most properties I have come across are tenant occupied so I would have to displace a tenant to move in. Has an...