James Johnson
Previous owners lied about water bill
Hello, I wanted to get some advice on a potential legal situation,I recently purchased a property where we were told that the tenants had been paying the water bill. We come to find out they had never been paying the ...
Oliver Martin
Quit Claim Las Vegas
Hi everyone. So I finally made my next step as a beginner investor. I formed an LLC. I plan on transferring a couple of properties that I plan on keeping long term from my name to the LLC. Here's a few questions I'd ...
Jenna Walker
Special warrenty deed
I have Reo property would like to purchase. They can only provide quitclaim deed or special warranty deed. Me as a buyer/flipper, would this be an issue to resale the property? Is this something I need to stay away? ...
Asher Carr
NOTARIZED CONTRACTS ALL THE TIME?
Do all contracts for buying and selling need to be notarized every time?
John Jasko
Transferring property to LLC
I live in WV and I just purchased my first rental property - a duplex in Florida. I would like to transfer this property from my personal name to my LLC. I have been assured by the lender that there will be no due o...
Tim Chiu
Security deposit or Last Month Rent not transferred at closing
Hello,Does anyone have experience where some transfer funds were missed since it was not captured in the rent roll provided by seller?The specific situation is that an inherited tenant moved out at the end of their le...
Angelina Grace
NEWBIE-In love with an AS-IS REO.Does this deal/setup sound FISHY?
I am a complete newbie in the REO arena, Ive been searching online for about a month now for answers and finally found this site.
Background: I currently own a home but I have a tenant moving in June 1st.
My husban...
Rachan M.
How large of a deposit is safe?
Good Morning lovely BP community,I am putting a lowball offer on a house that needs a lot of work. My (very nice) realtor suggests including a deposit that is not too high, but looks serious enough.. Something ~$15,0...
Mark S.
Investment Property Insurance: Sewer/Water Backup + Ordinance/Law
I just received an insurance renewal email for a property I own that I purchased for $84,000 in Memphis, TN. The email states that water/sewer back up coverage was previously included, but now is available for an add...
Pat C.
Personal conventional loan for property under LLC
Hello BP!I have a unique question I'm not sure how to handle. I am closing on an investment property using a 20% down conventional loan. The loan and property will be under my personal name initially. I would like to ...