Joseph Bautista
Security deposit/cleaning question
I own a few basic rental units and one of my tenants recently moved out. I withheld a portion of the tenant's security deposit in part for pet-related carpet cleaning and deep carpet cleaning, which were arguably n...
Yia Her
Private lender - forms required??
I am looking to see what forms and documents to use when borrowing money from a private investor. I have a few private investor willing to lend their money on a deal that I am working on. I will need to secure their...
Jake DeAtley
Airbnb and Service Animals
I am an Airbnb host and am concerned about getting taken advantage of when it comes to service animals. I have reviewed the Airbnb policies and they state that hosts generally cannot deny guests with service animals, ...
Matt Nusbaum
What is the next step to take?
I am confused on what type of paper work or documents I need to provide after I have a contract set up with a seller and buyer. For example say I have a seller who has a agreed to sell me his house for 60k and then I ...
Nicole Heasley Beitenman
What do I take to the bank?
Hi BP! I have 2 deals under my belt and have a plan to obtain a 3rd. I've been sending a lot of documentation to my bank as I go through the process of obtaining a HELOC on one of my properties. I'd like to be better ...
Alex Chin
Tax Forms for private money loan
Hello BP.I have a individual that is interested in funding one of my projects as a private money deal, but they have concerns about the paperwork and tax documents being a serious hassle. I have always done convention...
Alice C.
Quit Claim Deed
Hi Experts,I loaned money to a borrower to purchase a property via a private lending mortgage broker. The loan was secured by 2 properties in Chicago.In the closing documents, there's an Escrow Agreement which says th...
Jay Bob
Residual income estimates
Below is a letter I received from the bank I applied for 5% down conventional mortgage loan. Why they need this information and what this means to me? I have not received the form they want me to sign yet. Should I be...
Michael K
Improper Dues "Adjustment"?
Our BoD recently "adjusted" our annual dues for 2009 and gave the Members 30-day notice to pay the "adjustment".
Our governing documents allow our BoD to raise our annual dues a maximum of N% each year with 30-day no...
John Hisghman
Lending my rental to my LLC
In a recent consultation with LegalZoom, they stated that I "needed" a document that allows me to LEND my properties to my LLC. The said that this document protects me in that I am allowing my LLC to manage and execut...