I am putting together a friends and family deal on an multi-family property and was considering the following structure.
My LLC essentially sells a number of loans for "X" dollars to fund the renovations and down pay...
Hello, I am currently securing my first non family or friend investor for some new single family development. I know the terms of the investment of what I'm offering I'm curious to the legal side of this. What do I ne...
I'm a fairly new investor in the process of buying a 5 unit. This is my first multi-unit property, and it is also the first time I'm inheriting tenants. We are expecting to close in mid to late October. I am working w...
Hello All!When my tenant moved in they paid a $300 pet fee and a $300 pet security for 2 large dogs. It was supposed to be a 300 non-refundable fee per pet but we bent a bit. Anyway, they just moved out and the paint ...
The Chicago Ordinance is very strict as it relates to security deposits for non-owner occupied properties. Many, request move-in fees instead.What happens when a check used for the deposit is not cashed? Is that a v...
Asking for a friend... I have someone who has been funding deals with their own equity for years and want to transition into using Syndication. What are the necessary paperwork/legal work needed? In order to use Syndi...
Hello,This is my first time filing a Schedule E (Real Estate income) and had some basic questions.1. I have a Townhome, what property type is this (1.b. on form)? SFR / MFR?2. My property manager gave me a 1099-MISC ...
Hello, Can I ask for expert advice on this security claim that I'm considering.I had a property in S. Florida that came out of rental after 3 years. The house had brand new paint and every thing was functional and ver...
Hello BP community!
The tenants of my property moved out and they totally trashed the place. My PM is irresponsible so I terminated the contract with him. The PM said the security deposit is not enough for all repair...
We've recently decided to start including a price list for items needing repair (not normal wear and tear) or replacement that may be typical during a move out to the extent a vacating tenant does not take care of the...