Alain Perez-Majul
What happens with the lease if I buy a tenanted property?
Hey all, quick question:If I purchase a tenanted with a lease in place, what is the process of having that lease be transferred in my name? Is it something I would need a lawyer for?
Eric Knittel
Private money between friends
Hi everyone,I am interested in borrowing money from friends and family to buy more real estate. I have used hard money in the past and I am trying to see if I can eliminate some of the costs associated with the HM len...
Kyle Rhine
Should I put my rental in an LLC before or after opening a HELOC?
So we have one rental property that is 100% paid off and cash flowing each month. The property has a long-term tenant that is very easy to work with. The property is currently NOT in an LLC, but I've had thoughts abou...
Tim Thompson
Destroyed Property during Domestic Disturbance
Hey All,
I need some advice. I manage my only rental. My tenant texted to let me know there was a domestic disturbance and her boyfriend destroyed the house. Not sure the extent but f the damage yet but the few th...
Jonathan Hammoi
23 years old, $100k in the bank, and just lost my job.
Hey guys and gals! Long time lurker, first time poster!Just turned 23 the other day. A few days later, my net worth passed the $100k mark and then, that same week, I lost my primary job. I know this is quite the wall ...
Brian Sorensen
Private money ads on Craigslist Financial Svcs
I noticed there are lots of ads on CL Financial Svcs like this;
Motel in Idaho
looking for $250,000
secured by 1st deed of trust
Value of property $500k to $650k
add in 6-12 months interest reserve to the $250k,...
Brad Deffenbaugh
Setting up The Right Kind of Company
Does anyone have any recommendations for which type of company to set up for flipping houses and having rental properties in Texas? Maybe what are the advantages and disadvantages of both? I am looking for the best wa...
Christopher Smith
Has anyone heard of Zumeral
Hey BP has anyone worked or heard if zumeral its a online directory with multiple lenders. Wanting to know the reviews of others thoughts on the platform.
Nick Naik
Tenants moving out question about utilities
Hello,
My current tenant is moving out, do I have him transfer to utilities to me(landlord)? Secondly, how do I confirm that he has no balance to be paid before the tenants moves out? Am I as a landlord responsible f...
Barry Wong
What questions should I ask when interviewing a management company?
Hello BP,I have a STR in Palm Springs, CA, and starting to interview management companies. What are some questions I should ask when interviewing them?Thank you,Barry