Steve` P.
Enforcing Lease Assignment Agreement
Just purchased a property that came with Tenants( I know bad idea from what I'm reading) at the end of Aug 2014Before Purchasing I had the seller's closing attorney draw up formal lease assignments, send over copies o...
Zachary Wurtz
Documents Needed for Private Lending
Hello, I have two questions - hoping some of you may have advice based on experience.I am intending to team up with a coworker who plans to pay for the rehab costs of a BRRRR strategy as I pay for the down payment. We...
Matt Brooks
Do Security Deposits Transfer to New Buyer?
I am working to put together a contract to purchase a triplex unit in TX. It is a nice deal but Seller has thrown a curve ball at last minute.The seller is telling me she will not be transferring security deposits to ...
Nick J.
Secured Business CC
So I've got a question that may have already been answered. I quickly skimmed through the category and didn't see what I was looking for.
I want to create/open a secured business credit card for my business, specifi...
Corey Elfman
Mortgage AND Private Lender
I'm 17 days from closing on my first deal. I locked in a 30-year fixed at 6.5% with a local credit union (included points). A family member has since asked if I'd be interested in financing $100k of the deal with them...
Matt Holmer
Customary Property Management Fees?
Good afternoon-I am reading over a potential PM agreement and want to confirm that the PM charges are reasonable and customary.1) 75% of one month's rent for tenant screening/placement. (Seems reasonable)2) 8% monthly...
Kevin Raye
paperwork
I have someone that wants to invest their money privately with me in real estate. I've never used this type of funding before and was wondering what type of documents should I have when securing the funds. This is my ...
Catherine Brennan
Paying rent upfront
Hi BP Community: I may need to consult with an attorney on this, but I was informed by a property manager that collecting rent in advance (ie 3 months, 6 months, etc..) could pose a problem for Landlords in Chicago d...
Kane Williams
Billed for a water bill on an empty property
Hello, I'm new to this. My tenant moved out and disconnected the water. (This tenant lived there when I bought the home) The property was vacant in November until now. I am finally coming to and trying to find another...
Curtis Denny
Deposit return
Hello all, just closed on a tri and lo and behold had a move out before I could collect my first month from him. He did tell me he would be out before the first, and he was. No forward address. How long before he forf...