Account Closed
Operating multiple LLCs
So I have a question that I've doggedly tried to find the answer to. I've heard from the REI community that it's best to put each investment property under their own LLC for personal asset protection. However I'v...
William H.
Selling my house. buyer wants me to carry a note. Help me out
So the house is worth $275,000 and the buyer, who happens to be a realtor wants to buy it, and get in quickly. She is having a tough time getting financing because she has been self employed for 1.5 years and not two....
Alex Cotter
Newbie Question: Best strategy to sell this high end "tear down"
Hello,I am selling a property, that is a either a tear down or 100% renovation in a high end neighborhood. Here are the general stats: - Land Value: $1.3M - Property value: $250k - SQ Footage: 3500 - General price per...
Mindy Jensen
Known Sex Offender Liability - Are Landlords Responsible?
I've seen a couple of sex offender threads recently, and saw several people mention that a landlord can be responsible if they knowingly rent to someone and they re-offend.Attorneys of BiggerPockets, is this true?
Suzanne B.
Creative Title Transfer to Land Title to Avoid Lien Attached to County?
My lender just discovered a lien filed in 2019 against my husband in the county where I reside. When I applied to consolidate my first and second mortgages with a new mortgage through a new lender, I applied alone bu...
Christopher Dunson
Tenant Making Alterations without Consent
My lease states that no alterations to property are to be made without written consent. I just purchased the property 3 weeks ago, and one person has painted their kitchen cabinets as well as the front door(interio...
Jason Grote
Double closings in Texas?
After reading a blog post here on BP about double closings, I was inspired to attempt a double closing on a wholesale deal. My title company informed me that here in Texas the amount of the B to C closing will be rev...
Josh Tschirgi
Quality Tenant That Refuses to Communicate
Hello! We invest in single-family homes in Southwest Washington (State), and the SFH I'm writing about is located in Vancouver, Washington.We have a tenant (a mother and two high school age children) that have been e...
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quit claim property to an LLC
If a property that is owned under my name is quit claimed to an LLC that I have established do I destroy the protection that I am trying to get by having the property in an LLC?
Reading several books on real estate o...
Ryan Proffit
Tenant didn't sign lease
Hello team,I acquired an 8 plex about a month ago. The in place tenants were month to month. We drafted a new lease with a rent increase and instructed the tenants to return the signed leases by Jan 1st. I have one...