Jordan Decuir
Option Period Extension Request due 2 Seller's Contract Violation
I am on day 6 of a 7-day option period to purchase a sfr in the Houston area. Our contract explicitly states, " Seller...shall immediately cause existing utilities to be turned on and shall keep the utilities on durin...
Jonathan Bowen
Can a business entity legally lease and sell its own real estate?
I've been selling real estate for a long time but I've never thought about this issue before... Can a business entity legally lease and sell its own real estate holdings? Think about it for a minute... Individual home...
JJ Mayer
Lending to the Individual vs the LLC/Inc.
Question - would love to get a lender's perspective on this...We have 3 partners that each own a 1/3 interest in our "rental business", but we do not have a formal partnership agreement or an LLC or a Corp set up. So...
Darrell Kirby
How long to retain an Agent
I have an agent that has been attempting to sell my property(Duplex) for 190 days. She is telling me that it is a slow market. I consider her a friend but I was thinking about retaining another agent. One deal fell th...
Daniel Liu
How to list rental property to prevent the Price Gouging in California
Existing tenant stayed in my rental property 3 years without rent increase. Tenant will move out for a bigger place next month. Current market rental price is about 20% higher than existing rent. Could I list my renta...
Amanda G.
Negotiation timeline question
Hi All,I put in an offer on a duplex. The response from the seller's agent came in as a text at 5:29 pm last night when the offer was set to expire at 5:30. The seller counter offered, and I counter-counter offered ye...
Eve Robin Jarrett
LEGALITY OF BEING A LIAISON BETWEEN A PRIVATE LENDER WHEN HOLDING A NMLS LICENCE IN NYS
In NYS are any laws in effect that would preclude someone who has a NMLS license, from acting as a liaison between a Private Lender who is lending on a NON OWNER OCCUPIED acquisition construction loan for a Builder...
Bernard Klein
Public Eviction Filings in NYC
Hello Everyone!So yesterday I went to the local housing court in Manhattan (NYC) to look for public eviction filings.I had access where I could search for either case # or name. It didn't let me search by zip code, ne...
John Rowan
How to handle renters in a fix and flip buy?
Hello everyone,
Thanks to all the GREAT advice here on BP my phone is ringing with a few leads. My first potential deal is close but there is a renter in the home with 6 months left on the lease. Do I have ...
Account Closed
To be or not to be a GC, 12 month law vs owning for 12 months
I am a newbie investor. I have an extremely strong background in construction. I have read several posts ( 4 years ago) on the law regarding flipping homes before 12 months. Is the law still in effect? Is there a bet...