David K.
Corporation vs personal when buying and holding
Hello BP community!
My partner and i just made an offer on our first 2 buy and hold properties.
Should we open up a corp or simply use our personal names for now and going forward?
Corp means that I don't get th...
Linda Higgins
Can you let your renter to do a home daycare?
Can you let your renters to do a home daycare? I have two great renters and they have been there for a year and half. They asked if they could start a home day care for 5-7 kids when one of them will graduate from the...
Lana Ly
Hiring a handy out of work friend or a contractor?
I need to change windows in my house and some siding and have a trusted contractor who is currently estimating my work. My carpenter friend who is currently out of work offered to do the job. What are your thoughts on...
Arnie Guida
Seller, "We Don't Have The Security Deposits."
I have an accepted offer on a 4plex, it's a short sale. In the offer it states that I get the security deposits for all rented apartments. The building is full, and it's $2,525.
I don't know, the seller...
Nabeel Qureshi
Moving out, should I turn my primary residence into a rental?
3 BR/2.5 BA condo. The cap rate and cash on cash return I am calculating is negative. Using a vacancy of 8.3%. My loan to value is 73%. I am being very conservative with my numbers (thinking of difficult scenarios)...
Don Levy
Who takes the hit on loan principal reduction?
There is a talk about reducing borrower's principal on their loans to help them stave off foreclosure. I would like to know who has to take the hit when a loan is reduced. Most lenders package their loans and sell the...
Lacee Beitler
Large breed dog/ pets in rentals
Hi everyone,
Just curious on people's pet policy. We have allowed small to medium sized dogs before with a monthly pet fee, but no cats. They were really good tenants and the unit was very clean when they left, nev...
Keyoka Smith
Unclear title to property I have a contract on
I have an offer on a house which was accepted and due to close next week. Today the law office emailed me to let me know that because the current seller acquired the property in a tax sale there is a "tax deed" on the...
Angela W.
Did you know you can Object to Title Policies and Survey
Here is an article I wrote: Title/Survey Objection Letter
Angela Walter, Texas Attorney - If free to message me if you have any legal questions!After getting a property under contract, the buyer has an opportunity to...
Leo Lanza
My First Deal
I've been working with a wholesaler in my area trying to analyze this deal, but I want someone to take a second look. Preferably someone with a few flips under their belt to see if I'm running these numbers right. I w...