Mark N.A
Grease Fire - Security Deposit Question
So there was a grease fire in one of our units last night. No one was hurt but the fire did some half-way serious damage, especially since the children's sitter tried to dump the burning grease down the sink.
The in...
Raquel Baranow
My HOA Nightmare, $600k Assessment Liens, etc.
Over the years, beginning 1997, through tax lien foreclosure, I acquired 50 vacant lots in a bankrupt, paper subdivision in Tucson, Arizona known as "New Tucson." I loved the area and knew, eventually someone would bu...
Robert Burns
Lease w/Option to Purchase or Delayed Closing Date
Does anyone have the pros and cons of using a lease with an option to close vs. a standard sale and purchase agreement with a delayed closing date out 2 years?
Nicole A.
Updated lead laws in Baltimore Maryland
I just wanted to post this as a FYI to those of you with properties in the Baltimore Maryland area. Starting 01 January 2015, ALL rental properties will be required to be registered with MDE as either "Lead Safe" or L...
Pete Bhanshali
Chicago deposit law didn't pay tenant deposit interest (.10 cent)
Hello Everyone,
Running into weird issue, I had a tenant in my condo. As per law I kept the deposit in separate interest bearing account. The Law states I should pay them the interest from the deposit at the end of ...
Charlie Claxton
GA Short-term housing operators, investors, those with interest
Hey all!I thought it would be fun to start a conversation for those currently involved in the corporate housing (short term) business. Would love to hear from anyone who is already in the business- their experience (g...
Bob Malecki
Suggestions needed to get performing borrower to pay late fees?
We purchased a first position NPL on a single family home in Charlotte NC a few years ago and did a loan mod with the borrower. He was paying consistently until last Spring where he missed 2 months of payments then st...
Account Closed
Clark Howard gives a thumbsdown to TURNKEY.
He hasnt seen people who buy AND come out ahead on exit. Same as variable annuities.Another example Hedge funds. Promoters get all the money. Investors say WHAT HAPPENED. Ask CA retirement funds.I wish Lane...
Donald D Michna
Setting up a corporation for note investing
I have been doing research to set up a corporation. I think that an S-Corporation would be the best setup, but I see that no more than 25 percent of the gross corporate income may by derived from passive income. I als...
Damon Wong
Can LLCs own rental property in other states?
BP Community,
This should be an "easy button" question, but couldn't find a direct post/forum. I have a Wyoming LLC. Can I use this LLC to own single family rental properties in other states? I know the answer is ...