Rob Newsom
Who owns this house?
I've found a house that appears to be unoccupied and in disrepair. I've looked up the owner of record on the county tax records and attempted to make contact, but have had no luck. I have found legal documents that ...
Won Kim
Tampa, FL area (Newbie)
Hello,A friend told me about this site/podcast and decided to join.A question that I had for people around my area is:What are some FL location specific costs that they have noticed while rehabbing/flipping/investing?...
Michael Ryland
First mistake made-I know it won’t be the last
I’m finally closing on my first long distance rental property in Missouri and I am very excited about it. I made the first mistake before closing. My lender sent me a bunch of documents to sign and notarize before ove...
Israel Irizarry
FIRST TRUST DEEDS VS. MORTGAGES: WHAT’S THE DIFFERENCE?
When borrowers take out a loan for a property, they have to sign a promissory note--a document pledging to repay the loan. Depending on where the transaction takes place, this document could be either a mortgage note ...
Zachary Buschmann
Buying property with tenants
What documents do I need before or at closing to properly show transfer of lease ownership to me when buying a property with tenants in place already? This is my first time buying with existing tenants and just want t...
Scott Ficek
3 tenants sign lease, 1 moves out, new 1 moves in-new lease?
I am interested in hearing other landlords thoughts on this. I don't see it often, but just had it happen to me and got me thinking maybe I am putting myself in a bad situation.
Three roommates move in and sign the ...
Olga McKinney
Attorney allowed sale with leaky oil tank
Purchase the property with leaky oil tank.
The sellers were originally going to rememediate however my attorney suggested we accept $20,000 (cost of remediation) off sale price, use the sellers contractor and close...
Pete Harper
Do I Qualify as a Real-estate Professional?
I'm investigating if I qualify as a RE Professional for the IRS. I'm retired with no W2 income. Primary income is from real estate, investments, pensions and IRA. We currently own 38 units held in LLCs and privatel...
Anderson Schulle
Advice on suing a general contractor
A contractor was recommended to us by a larger local wholesaler here in Dallas. We thought we'd give him a try. Bottom line, we had to bring on a different contractor because this one never finished the rehab.As it tu...
Cody L Williams
Hard money for newbies
What are all the documents that a hard money lender might want