Jason Hillier
Bought fixer with cash, but want to get a mortgage, do cash reserve requirements apply to me?
Hi mortgage pros,
I bought my first fixer-upper with cash, now that the remodel is nearly complete, I'm looking to get a mortgage on the house. I'm wondering if cash reserve requirements apply to me? Once the...
Ash Patel
Recording a land contract
Several months ago, I sold a property on land contract. Shortly after, I received two property violations from the city. One for a tire on the side of the house and the other for a vehicle parked on an unimproved su...
Greg Mercer
Real Estate Agent Commission? - Lease to Purchase
I was looking to lease my primary residence out while I travel for the next couple years.One of the gentlemen who was looking to lease asked if I would be willing to sell. I told him if he would offer me xxx dollars,...
Allison Haley
How would your structure....
A friend of mine has 1 business, 3 locations. I have been managing them for 3 years now. She is wanting me to purchase two of them, by assuming the payments at the bank without changing the information at the bank. ...
Yuval Molcho
Using one LLC for multiple States
Hi all,I am trying to understand if I should use my OH-based LLC to invest in Memphis, or should I establish another LLC in Tennesee. Holding an LLC in OH is simple with no annual fees etc, but I understand that it i...
Michael Quarles
Marketing Birddog
I'm questioning the concept only..
Lets assume you were given a steady flow of seller leads and your obligation was as follows.
1) meet all prospect sellers
2) make canned presentation
3) sign agreement
4) meet insp...
Brian Dvorak
Large property with motel, campground and home
Hi BP community,
I'm looking at a deal right now on several acres that includes a campground with 16 slots, a motel with 10 units and a home. The guy that brought me the deal is a handyman who has been working on my ...
John Hodson
Normal For Property Manager Sign Tenant Lease But Owner Doesn't?
Hello BPers! I own two rental properties. Both of them are managed by two different PM companies. On both Property Management Agreements (PMA), I appointed them as Agent for the rental, management, and operation of th...
Andres Osorno
If tenant comes with agent, who pays the Agent?
Hello,
I am renting a house and have listed it on Zillow (not directly on MLS). I have been showing the property around, describing it to potential tentants, etc. I will also be reviewing applications, approving/decl...
Brian H.
Security Deposit/Rent Issue after buying in Tax Foreclosure in OH
I recently picked up a property in a tax foreclosure in Cuyahoga County in Ohio. There are good tenants in the building that pay monthly and they were paying to a property management company that was still collecting...