Alejandro Antonio Taylor JR
Securities compliance and investor liability
Hello everyone,Have a question in regards to engagement with a real estate lawyer and the risk of being sued by investors if an investment in a Multifamily property. Part of an engagement letter with a real estate law...
Cory H.
Mobile Home Park with Waste Water Treatment Plant
Hello!
I'm looking at a potential offer on a mobile home park that has its sewer serviced by a private (park owned) waste water treatment plant. Has anyone dealt with this before? I don't know what I don't know and...
Charlie Moore
How do you do your application process? You are in charge?
if you are trying to find good tenants,do you charge an application fee and then do all the research YOURSELF?or do you pay a company or another person to do it, just any third party?
Reuben Dacher-Shapiro
Tax Planning and Filing for a New LLC
My team and I have an LLC that is the titleholder of our first investment property. We did not bring in any income last year. We want to write off start up expenses and start depreciating the property. We are seeking ...
Sasha Tetera
Buying a rental property as a person or LLC?
Hello BP community,
I hear that buying a rental property as a person yields a better interest rate than buying as an LLC. I also understand the costs associated with the property transfer from a person to LLC, as we...
Greggory Kowalkowski
Closing above the purchase price?
We have an opportunity to buy a good deal and a seller who's willing to work with us on a complex closing. The summary is we can purchase it for 85k but tell the bank we close at 110k so the seller who's a friend can...
Gary B.
Handyman’s working in your property - insurance requirement
Hi there, I have a multi-family property and one of the tenant ready to do a handyman work for me at the property. What sort of insurance I need or he needs to work for me on repair jobs at property?Best, Gary
Benedict A Hubbert
Has anyone used construction bonds on single family flip?
I ran into a situation on a flip where the GC was not insured or bonded. He hired a bunch of sub contractors who he didn’t pay even though I paid him. This was in Texas so the sub contractor put a lien on the proper...
Mike T.
Qualifying for sd roth solo 401k
I am a w-2 employee. I would like to start a side business for my wife and I to qualify for sd solo roth 401k. If I start an llc that executes regular marketing, wholesales some properties and completes some rehabs....
Troy P.
Who is supposed to verify HOA legitimacy?
I purchased a home last year that had a "light" HOA which only covered lawn maintenance and common grounds in a small town home community. The seller sent the bylaws and restrictions (which were from the 80s) and the...