Joel Florek
Writing a Purchase Agreement with Seller 2nd Position Carry
Looking for some quick help. I have an 8 unit under verbal contract. We are going to have the seller carry a 2nd position loan behind the bank. Seller financing will be for 10% of our purchase price, bank will lend th...
Charles Soper
Submitting a offer up to a limit?
One of the BP podcasts in the past few months (year maybe) had a guest who talked about submitting offers on properties that were “flexible.” Something like putting in a offer of $140k and will beat any other offer u...
Joseph Back
Can I get Mortgage on Property I Sold on Land Contract
I have a friend who owned a house free and clear and sold it to a buyer via a land contract. The house is worth about $120,000 and there is a balance of $75,000 still owed on the land contract to my friend. The monthl...
Tim Sharkey
Sale of home - owners deceased
Need advice from a transaction pro:Here’s the scenario:I sign a listing contract with a surviving owner in a two owner (non-married) life partner domestic arrangement. One owner has deceaased. I find a buyer and repr...
Krystle Irvin
Transfer to LLC and insurance
If you transfer your rental property to an LLC, do you notify your insurance company and have it changed to a commercial policy at that point?
George Ramsay
Tenant moving out not renewing lease
Hello everyone, I have a Tenant that has decided not to renew the lease and asked for 60 days to move. Which im fine with. I've been managing my investment properties for about 10 years and this is the first time ive...
Mark Marinaccio
A little Help with a plan and proposal?
Hi! I am thinking about taking on a partner who will fund the marketing campaigns for a specific market to wholesale in.I need to provide him with the plan and it made me realize that I didn't have one specifically do...
Eric Huebner
Addendum for historical items in rental
Hello BP Nation!
Quick question for you... My family has always rented out very basic apartments in an 8 family set up in Wisconsin. Our lease addendums cover all the bases.
However, I recently renovated a duplex f...
Michael H.
Opportunity to have a non-profit rent one of my properties
I recently came across an opportunity to work with a local non-profit that is considering renting one or more of my properties. They help women get out of bad situations by providing housing, counseling (mental health...
Sunny Malik
LLC formations and disputes
Hi everyone, Does anyone have a lawyer they've used in the past that's good at explaining rights in an LLC (both for existing and forming new ones)? I'm considering forming an LLC with 2 other business partners. I wan...