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Hi all! I spent a long time here three years ago, getting ready to rent out my first property, which is actually my father's house (he is in assisted living, and I have PoA and am successor trustee on his account). ...
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First time getting into real estate. I have read that rent to own is a good way to get into real estate if you do not have a lot of money to start. What has been your experience with rent to own option?
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Hey, this is a throwaway because I feel a bit of shame about my predicament: I’m looking into whether bankruptcy is the best option for me.I am 34, and had accumulated $110,000 of student loan debt and around $15,000 ...
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With the help of an attorney and some responses here, I have come up with the game plan to have a business structure as follows:Trust (Top ownership that owns the management company)Management Company LLC (first actua...
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Hi, all. I'm closing on my very first rental property this week, and am looking to set up one of the online PM services, ether Tenant Cloud or Cozy. Buildium seems to cost too much for me, right now, having only one p...
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I bought an investment property in February this year, and after multiple assessment, we decided the property is not safe for the tenants to reside further and sent a notice to inform the tenant that we will not renew...
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Hi BP members, I have a scenario that I would love feedback on. Lets say that I just bought a beautiful duplex or triplex. I ran the numbers and they showed great cashflow and investment opportunity. The house has no ...
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I am interested in purchasing a mobile home and then selling it and providing owner financing. How do you investors prepare your loan documents? Do you have an attorney or loan officer prepare them? Typically, how ...
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Can people using their own names instead of an LLC to qualify for a hard money loan, or do you have to have an LLC to get hard money?I am still very new & learning many new things. One of the things I constantly ...
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I couldn't find one on the web or in the files on BP. Does anyone have an off-the-shelf list of ramifications for an ex-tenant who doesn't pay the judgment? I want to include something like that with the letter I'm...