J Shoe
LLC or Trust?
I am looking to purchase a 10 unit apartment. Should I purchase it in an LLC or a Trust? I am a little confused as to which entity to place it in and how. Do I purchase it in the name of the LLC and then quit claim ...
Sarah Anne
Property Management Vacancy Penalty
Should I have a penalty if the property manager doesn't fill vacancies? If so, how would it work? Should I withhold the management fee if a unit stays vacant for 2 months, etc?
Jerry Poon
How to place a property in trust?
I have a SFH that I would like to place into a trust. How would I go about that? Do I have to reach out to a lawyer or something? Or what kind of professional would handle that?
Any recommendations on who to reach ou...
Bill C.
Best resources for Canadian real estate
Hello Canada BP!I’m a Canadian who has been living and investing in the US for 10 years. As a consequence I know very little about RE investing north if the border.My family is interested in getting into REI in Canada...
Angela Smith
Renting to a non citizen? What do I need to know?
Have you rented to a legal immigrant? How about undocumented immigrant?
What is the consequence to a landlord if renting to undocumented?
How do you inquire about this when screening? I don't want to discrim...
Sunny C.
W-9 forms from Tenants
We missed getting our tenants filled up W-9 forms during the rental application in NJ. Now we need them for getting a Landlord tenant account.
What are the consequences if Tenants do not fill the form? How this will...
Robin Robinson
Loan Type on a Second vs Primary House
We are looking for a second house and trying to decide on the type of loan. If you finance the new house as your primary residence (meaning a smaller down payment and better rate) - but decide not to use it as your pr...
Ruben Pereira
Need to Sell before HUD (2 Years) period is over
Hi BP! This is my 3rd deal, I have a good HUD opportunity and I plan to live in the house but not more than a year, then I’ll sell, what are the consequences of selling before HUD time is over? Thank you!
Sung Park
Multiunits conversion from SFR
Question for BP lenders. What issues would I run into if I took out a fha or conventional loan to purchase a SFR but then immediately converted it to a MFR? Are there legal consequences to this from a lender perspective?
Aakash Shah
Commercial Building Negotiations
I am a partner in a medical group where a single owner owns the building. We are trying to negotiate for me to buy into the building. The owner is only willing to allow me to buy 49 percent of the building but with de...