Adam Jaken
What will happen when interest rates go up?
Hi guys and a happy Sunday to you all!
I am predicting the rental income will go up as soon as interest rates go up.
The reason I came up with this conclusion is because when interest rates go up it will make it ha...
Daria B.
Due On Sale - Estate Planning
In my estate planning I, like many, am looking at the "due on sale" clause (if) within the 2 mortgages for my rentals.I've yet to find these terms or similar definition within the mortgage documents and am still rerea...
J. Martin
New York Recession & Job Losses Coming!?... Scary Chart Says YES!
The last 6 months of leading indicators spell bad news historically for the state of New York!!! Of course no one knows what will happen, and neither do I claim to. But damn!!! Look at those lines! Eerie.. The leading...
Mike Webber
Becoming an agent with a criminal record
Hello guys, I am in the process of getting my real estate license. I am a felon and have spoken with a person from the licensing board in my state (va) and was told that while she could give me no guarantees, she has ...
Clint W.
Utilizing Multiple Investors
Hello all,I have dug around for a bit, but I can't seem to find what I am looking for. My business partner and I have had a good run on joint purchases and solo purchases; however, we have reached the limits of our re...
Elvin O'Neal II
Private lender and Investor Agreements
Hey BP... I have been flipping and renting for some time and now I'm attracting some private money people (friends that I know) that want to fund deals. Does anyone have any standard agreements they don't mind sharin...
Ashok Aletty
Transferring property to a LLC
Hello,I bought a condo last year and financed it under my name. I had read that it made sense to have the rental property in a LLC to minimize liability. What's the best way to accomplish this now and what are the imp...
Adam Shbib
New member from New York City (open to invest elsewhere)
BP Community,
Uh oh. . another newbie! Hello BP members - thanks for taking the time to read yet another 1st (but not the last) post!
Quick intro - 25 Yrs - Lived and educated in the England, the Middle...
David Tang
Renter's Insurnace when there are multiple tenants
What are people's thoughts around tenant's Renter's Insurance in Chicago? We recently signed a lease with tenants (2 people - Person A & B) where they have 1 renter's insurance. Person A has the renter's insurance...
Kaybreh Mathis
Do I Need to Issue 1099s?
Hello! My husband and I bought our first apartment buildings this year. We bought them in our own names. My dad has done a lot of handy man type jobs for extra income: painting, new faucets, flooring, etc. He is a tea...