Account Closed
Are assignments legal in Los Angeles?
Hello, I recently went to a RE meeting where they said that assignments and double closes are illegal in California (Los angeles), but I sort of don't believe it. Do you need to buy the property first, and then sell i...
Michael R Gisselberg
First time buyer - What Loan works best for me?
Hello all! First time buyer and first time posting here. Came across BP on YouTube then started reading a ton here!I have been looking for a starter home/investment property and a deal has come up that looks decent. I...
Ihe O.
Showing your tenants who is boss.
A lease like any other contract stipulate rights AND obligations for BOTH parties.So dear landlord. Have you made all repairs within the contractually stipulated time. Have you always given requisite notice prior to v...
Andy Lightner
buying a property under LLC
i am looking at forming an LLC for an REO property and then wholesaling the LLC to an end buyer. how easy is this, does it make sense to do, and what, if any, are the tax implcations on this transaction if done as a ...
Account Closed
what to offer when back taxes are owed?
Hello, I have found a property I am interested in purchasing to use as a rental. It is a SFH. Doing a little research I have found that almost 15k in back taxes are owed on the property. It is currently in foreclosure...
Chandler Corn
HELOC on a rental property?
Hey guys, I've got a few questions about HELOCS on rental properties.1) Does anyone have experience with local credit unions in the DFW or Sherman/Denison areas of North Texas that will do HELOCS on rental properties ...
Linda Goldinger
Buyer never ordered appraisal
Residential contract included a special stipulation that the appraisal must be completed within 21 days of the binding agreement date. Made it through the due diligence period but, on the 21st day following the agreem...
Nicole Cutlip
First Investment Property!
Investment Info:
Single-family residence private money loan investment.
Purchase price: $20,000
Cash invested: $7,500
Investment Property #1
3 bedroom, 1 bath. Single-Family house.
- Purchased thr...
Steve Nomura
Lease Option Cancellation Clause
Under what circumstances can we terminate the lease option agreement and revert to a standard landlord-tenant relationship? For instance, can we incorporate a clause in the Option Agreement that states if the tenant/b...
Sophia Remley
How long after written notice does tenant have to move out?
Hello all! I am a newbie out of Winchester, VA and am closing on my first property in WV in 2 weeks. It is a Duplex and both sides are currently rented month to month with 30 day notice. I am buying this as a primary ...