Andres S Menendez
Buying a Duplex converted from a SFH
Greeting I am in the process of looking for a MulTi Family property in the NYC areaI found a house that’s pretty clean and renovated.It has been converted to a 2 Family (it was a SFH initially)I personally haven’t see...
Ryan Morrissey
Money Collections From Nonpaying Tenant
Does anyone have any collections success stories or organizations to recommend? Our thieftant is taking advantage of NY’s asinine Covid anti-landlord stance and currently owes $33,000. He is a “freeload….I mean “fre...
Preston Smedley
LLC Costs - How much? Is this a good deal?
I'm a new investor and looking to start out with a couple flips a year to generate cash to fund purchases on rentals and duplexes. I live in California and have owned one rental property in Texas a few years. I think ...
Stephen Rowe
REO Sale Due Diligence
Hi all, I am at the beginning of a deal and found a strange piece of information.
The deal is a single family 3/2 that is partially renovated and the seller is an REO. The plot is 17000sqft with a large 1000sqft s...
Kenneth Anderson
LLC
Is there a certain way an LLC should be setup? How much does an LLC cost?
Geoffrey Lau
LLC funding - Personal funds / legal liability
Hi BP Community,
I'm in the process of setting up an LLC and have questions regarding the initial funding of the LLC. The plan is to purchase a property under the LLC but in order to do so, I assume I would need a se...
Chase Gu
Question about construction contract
Hi, Everyone: I am about to build a small mixed-use new construction. I need someone to review the construction contract with the general contractor for me: either a lawyer or an online legal service provider. Do you ...
Chaim K.
clear title - Tax deeds
What is the difference between the title given by the county after purchasing a deed at a tax sale and the clear title claimed to be given by the company "Tax Title Service"? Doesn't the tax sale clear all liens and e...
Amaan Davis
First Sit-Down w/ Real Estate Lawyer
I'm taking slow baby steps into Real Estate. I've finished reading:The Real Book of Real Estate -Robert Kiyosaki (reading it again)The Tax and Legal Playbook -Mark Kohler (actually about 80% done not completely)Invest...
Devin A Hanley
Question for structuring a JV deal
Hello,
I am currently in the process of purchasing a multifamily and I have someone who is interested in doing a joint venture on this property with me. They willing to put down a 25% down payment. We plan to hold th...