Chris Momongan
Need entity for our fix and flip loan
I am about to apply for a fix and flip loan for my next project. Most hard money lenders will only lend to entity. Is it as easy as going online and paying $100 for LLC? What are other things I should be considerin...
Account Closed
Contractor changing price midway
So, against everything I know, I hired a plumber to replace a tub and drain without a written contract. He said 26-2700. 1,000 up front for materials. After 2 days of work, my wife was over there and he said he nee...
Robert DiMenna
Operating Agreement Template?
Does anyone have a multi-member operating agreement template that they'd like to share? We plan on finalizing our LLC this week and then would be looking to get the Operating Agreement notarized shortly after. Any ins...
Owen Dashner
Which is the worst REO lender to deal with?
My vote goes to Deutsche Bank. It was almost comical how badly they mishandled the last REO I bought- from beginning to end...
Erick Ayapana
Lease Agreement Scared Away Airbnb Prospect
A few days ago I finally listed my first rental property on Airbnb as a MTR (due to Long Beach regulations regarding ADUs). Today someone made a reservation request for a month-long stay. She was initially fine with a...
Keith Koch
AirBnB Arbitrage --- Question about Someone using our land to Rent a Tiny H an Airbnb
Greetings! We have a piece of property in a tourist place. Someone built a tiny house and is renting it out on Airbnb. I can't seem to find anything online that gives examples of agreements that people who "arbitrage"...
Erik D.
Providing Earnest Money Deposit for a Syndication
Hi all,I have recently been asked to provide the earnest money deposit for an apartment syndication, 120 unit apartment complex, in exchange for GP share of 3.6%. EMD would be $150k.So far everything has been verbal o...
Lindsay Schwebke
Final walkthrough before wholesale purchase?
I'm newer to flipping and have bought 2 properties off the MLS and one from a wholesaler. I'm about to close on my second purchase from a wholesaler - like in 2 days. As a Realtor, I am used to being able to do a fi...
Purnell C.
Co-listing agreement
Two sellers of the same home have decided they each want a different agent. The attorneys will draw up an agreement. This is my first co-listing. Please share experiences, surprises, advice....
Alison Brenner
Roofer refuses to provide lien waivers for subcontractor (tear-off crew)
I just replaced three roofs - over $90K total. All payments have been made except for final payment for the third replacement ($20K is owed). The roofing company provided lien waivers for the two replacements that hav...