Alejandro Antonio Taylor JR
Securities compliance and investor liability
Hello everyone,Have a question in regards to engagement with a real estate lawyer and the risk of being sued by investors if an investment in a Multifamily property. Part of an engagement letter with a real estate law...
Scott Fain
Does the law require me to have a note servicing company?
I'm in the process of purchasing a note in Michigan and the seller of the note says that I'm required to have a note servicing company in order for us to complete the transaction.I'm looking to service the note myself...
Jeff Macdonald
Am I on the hook for these property taxes?
Here is the situation on a house I purchased recently at Trustee Sale (courthouse steps)-Previous owner died 2/16. He was a disabled veteran, therefore he had an exception on his property taxes, resulting in almost 0 ...
Joshua Dorkin
Problem Seeing All New Forum Posts in a Thread
Hey All - A bug just appeared and we're working on it -- you may go to a thread and see that some posts are missing . . . we are aware of the issue and should have it sorted out shortly.Apologies and thanks for the pa...
Amber Turner
house flipping laws/regulations in california
Hello BP community,My husband and I (well mostly husband 😀), will be finished renovating a home we purchased in California, in a few days. We have owned it for about 40 days and are flipping it. From what I have read,...
Ellie Narie
Adding joint owner-- do they have to claim rental income?
If I buy an FHA 4-plex house hack and am the only person on the mortgage, can I add another person (not a spouse) to the deed? And if so, can I still claim all the rental income and expenses, or does the IRS force us ...
Wendy Jiang
LVP stairs v.s. Carpet stairs
My rental house is a 3-story townhouse covered by carpet and vinyl sheets. I have hired a contractor to upgrade the entire house to LVPs. However, for the stairs, I am having a hard time deciding between LVP and carpe...
Tom Murphy
Sub 2 townhome for long term hold
We’ve put a 3/2 townhome under contract Sub 2. Assumed payments and rehab costs will comprise about 1/2 of what we’ll cash flow, which was the attraction. Since this our first townhome rental, what do we need to be ...
Dominique Hurd
A tenant injure themselves on an uneven path. Am I responsible?
My property is in Ohio, My tenant fell on a uneven walkway that she was aware of.
Curtis Sharpe
Insurance before major renovation
Hey guys can someone answer this for me, I'm doing a major renovation project, it was suggested to make this known to my property insurance company, do I need to tell my insurance company before or after the renovatio...