Kelly Byrd
LLC before closing or after?
Yea! More LLC questions! Everyone loves LLC questions! Right? ;-)In an effort to get specific answers, I'll try to be as specific as possible about my situation:My wife and I are under contract for our first rental p...
Mark Forest
Damage clauses
I have examined many leases and I have never seen an expressed complete clause whereby the tenant damages the property and the landlord receives compensation immediately. I do not want to wait till they vacate and ha...
Christopher Dunson
Threatening to put Lien on Rental Properties
I recently had a woman who purchased a flip from me find a way to contact me with a problem she is having with the property that I flipped, sold to her by my agent.The day of the inspection for the purchase of the pro...
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...
Nate Hemby
How to decline tenant for reason other than screening criteria?
Hey BP,
I’m reading Managing Rental Properties by Brandon Turner and have a question about pre-screening and rejecting tenants. In this section of the book, Brandon lays out 7 types of tenants you don’t want to rent ...
Tyson Begly
Chambers Alabama tax sale be void if assessed person was deceased before auction?
I have a tax certificate for Chambers County from the 2023 auction. The house is clearly abandoned, as the power box is disconnected, AC is removed and someone clearly packed up the stuff. It has been sitting abando...
Tyler Derickson
Lender requesting future tax returns
I'm in the process of negotiating through a loan and the lender is requesting us to provide all FUTURE tax returns for the entity purchasing the building, all personal returns for investors associated with the buildin...
Adam Burrows
How to Avoid "Piercing the Corporate Veil?"
I have a Series LLC I use to collect income for my consulting business, but the income goes to my personal checking account. If I created a child series to hold an investment property (not collects rents though, just ...
Chinmay J.
Do you think the judge will.....
reopen this case. Here is the background information. Jurisdiction: This is in State of Virginia, and under the jurisdiction of Richmond General District Court. Background Information: A perfectly fine tenant, who ...
James Wise
Are wholesalers authorized to sell property?
This article from the Ohio Association of Realtors came out today. Towards the bottom they listed the people who are authorized to sell a property...Note that "Wholesaler" is not included.Thoughts?Legally speaking: Do...