Anthony Greene
How do I Handel a deposit for a (very)short-term tenant
I just purchased my first multi family on 9/12 which came with a tenant who will be moving out on 10/1. I was cut a check for the tenants deposit. I know that by law I am required to put the money in an interest barri...
Ryan Steiner
How do you pay a fired contractor?
Lets say for example you're flipping a house and have decided the project has 5 phases where the GC gets paid upon completion. If they are in between phases and you decide to fire them, do you pay a daily rate for wha...
Tom Rychlewski
Failure to return security deposit within 30 days
when my last renter moved out, I tried to schedule a final walk through with her but she was too busy to do meet with me. I performed by final inspection 6 days after the official end of the lease. during my inspec...
Vladimir Nemchinov
Move out inspection on a newly acquired property
Hello everybody.My question is how do i do the final inspection with the tenant, since I've never seen the unit before it was rented. What do i look for? Do i take pictures of the damages and have him sign the paper? ...
Imdad Rahman
Detroit Land Bank
I've recently come across an intriguing opportunity in the Detroit Land Bank, where properties are available for just $1,000. The catch? They might need around $80,000 in renovations. I have a few questions.- Have any...
Derwin Villanueva
Contractor statement in Honolulu
Hello BP! My GC/partner for one reason or another had his contractor license forfeited/invalidated due to his insurance lapsing. We need a contractor statement signed off in order to sell. The house flip project is al...
Account Closed
Wholesaling (Forms that I need my Seller to sign)
Hello BP!I'm just trying to get some clarity. I will be wholesaling in the Tacoma area and I want to ensure my Sellers sign off on the proper forms. Would I need to present my Seller with a P&S agreement, Form 17 ...
Michelle N.
Made full price offer...now two months later
Hi there,I am a newbie and would like thoughts, ideas on a deal. I drove around a neighborhood and was able to find a seller rehabbing a multi-unit property. I stayed in contact to express my interest and eventually ...
Account Closed
Loan Payoff and Investor Distribution
I have a property under contract and trying to better understand the potential profitability of the project. I feel as though I have massively overlooked something. Details:Purchase $425kRehab $130kARV $685kHard mon...
Freeman Schultz
What are the stages of buying a commercial property?
I am familiar with the stages of buying a single family home. However, I realize the process for buying a mixed use building or multifamily is different.I have done some online research to answer my question, however,...