Michael A.
My Biggest Fear - Personal Liability Coverage
Hello BP Community,
I'd like to open up a bit and share the biggest fear my partners and I have as we get off the ground with our first SFH rental. This group has been so encouraging thus far, thank you all
We're te...
Yuzi Stha
Tenant not paying last month rent, thinks sec deposit covers (MA)
Hi all,(This is based in Massachusetts).I have a situation where Tenant has not paid last month rent (lease scheduled to expire on July 31, 2021). Rent was due on 1st of July and when I reach out to him, he thought se...
Brandon Palmer
Buying a building for my business -- independent entity?
Hi folks. My wife and I are starting up a new business with an target open date of Jan 2023. We are considering renting a space to use but also have an option to purchase a building which looks like it will fit our ...
Daniel Humphries
Foreclosure questions regarding LLC & Personal Guarantee
I am looking for some advice for a close friend and client. He got into a deal with a hard money lender and was able to complete the house build and is waiting for the house to sell. The hard money lender is threateni...
Paul Paquin
Should I buy this commercial real estate property?
Should I buy a commercial property in New Windsor NY? Here are the details: -3 tenants, of which 2 of the tenants occupy multiple offices. The kitchen remodeling store occupies units 101 and 102. Hair salon occupies...
Kevin Blakey
Homstead Exemption as Primary Resident Asset Protection
I've been listening to Garrett Sutton's audiobook, "Loopholes of Real Estate". In it he discusses primary residence asset protection in the form of "Homestead Exemption" which varies by county. When I research this, t...
Benjamin Aaker
Should I Pay My Property Manager's Legal Fees?
I'm working on getting a new property manager. In the management agreement, they have a clause that seems to indemnify them from liability. Here's the line:
"Owner agrees to hold Agent harmless from any claims, charg...
Megan Roche
Getting finances set before purchase of first house hack property
Hi everyone, thanks so much for taking the time to read and respond to this post! I'm new to real estate investing, but know that I would like to purchase my first multi-family property in the next year-18 months in t...
Audrey Smith
Notice of Lis Pendens/ Bankruptcy
Hey ya'll. I there anyone that has wholesaled a home that had Notice of Lis Pendens and a couple going through bankruptcy, if so how was the process? Or is it even worth it to contact them?
Sam Dal
Suiing the seller
FolksMy seller isn't acting in good faith on this SFM property in a NYC borough I'm trying to buy. There is a provision in the title where she can cancel contract if it's over $500 and it's about $5000 but I've agreed...