Jesse Dickens
Forming a new partnership
I'm looking at starting a partnership with a local REI/contractor that I met at a meet up. He is looking primarily for 'gap funding' because he uses hard money and basically needs someone to fund the downpayment/inter...
Trey DeJohn
Renting out rooms - Owner Occupied - What’s Allowed?
Hi BP,Admittedly, I’m new to this. I purchased my first property and moved in at the beginning of May. It’s a single family 4 bed home with the intent to rent out the additional rooms. My girlfriend and I will be occu...
Michael Deng
Lot Splitting on Existing SFR - Advice requested
I am looking into to buy a REO SFR built on a rectangular lot with side dimensions about 170 x 400 ft. All the SFR constructions were concentrated on one end, with about 170 x 240 ft gentle sloped (~10 deg) land unuse...
Alexander Spira
Is a unauthorized apartment a deal breaker
I have a deal for a 4 unit multi family house in the New Haven CT area. The house has been totally redone in the last 5 years so this property should not have any big surprises.Price break down for each unit is $850 ...
Bret N.
Due Diligence Question On buying a 1st NP Note With A Tax Lien
The note I am looking to buy has back taxes that were "Sold To The State" in 2010. Even with that amount that was sold to the state the deal would still be worth it. How does this play out when you buy a 1st with lie...
Marsha Burks
if I prohibit pets by lease for 1 tenant do I need to do for all?
The lease stipulates 'No pets". However, a very good tenant of 4 years recently asked if she could have a small dog due to feeling lonely from quarantining. I'm ok with granting this. However, I also rent the adjacent...
Kelvin Letron Brantley
Tax Assessment for Lease Option Property
I'm looking to lease option properties. In my state of South Carolina, there is a different tax rate for Owner-Occupant vs Investor. My questions are:1. If a seller agrees to L/O, are they required to go to the cou...
David W
Recinding a contract / Clouding a Title
I visited a seller on Saturday and she signed a contract. Later that night she contacted me and made up some bologna that "her father's will would not allow her to sell it so cheaply" and she was within the time fram...
Account Closed
Security deposit fraud?
So I have a section 8 Tenant that just moved in and paid the security deposit via money order. Section 8 is paying 100% so didn't collect anything for rent. Now a couple weeks later she calls and says that some organi...
Brandon Pelfrey
Getting rid of inherited tenants
What's the best way to get inherited tenants out of a property when you buy it?Any advice, experiences, and knowledge of the potential legal pitfalls and ramifications would be much appreciated!