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Thank you in advance for your time! I am looking at getting into wholesaling and using on market leads to start out with. I know I will need a proof of funds letter for this; my question to the community is what is th...
Hey guys, I closed on a townhouse on Friday, and the RE agent was supposed to be my property manager to deal with the inherited tenants. Long story short that isn't working out. So, I am on my own with this for now. ...
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Three individuals signed a lease together, all friends, the lease is set up where each of them are expected to pay 1/3 of the rent. Two of them decided to move out in December without informing me. One of them acciden...
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Is it typical for listing agents to show a property if clients have a buyer's agent they'll be arriving with? It seems as though it's not in some areas, but I think the listing agent has an inherent knowledge of the ...
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We fired one of our property managers a few weeks ago and are now hearing about issues of negligence and possible criminal activity with missing tenant payments and/or not properly handling security deposits. Because...
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I am suppose to have court date on April 12th for eviction, just found out today the judge change the date. The tenant callep up on friday April 8th to extend the court date, given an excuse medical issue. I don't tru...
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Can I pay a contractor with cash, but still write it off as a business expenses. If so, what is the best method for doing this? Should I be creating invoices and receipts to document and show proof of money's going out?
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Hi 2nd Mortgage Note Investors,I am about to close on a performing second loan, and need help developing a system for how I should handle the property insurance. I doubt that the seller of the 2nd has access to the i...
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I've been negotiating a contract for a 20 unit building. Funding has been secured and a letter as well as proof of funds has been forwarded to the seller. On my 1.5m offer, I stated I'd put down 50k and 1031 the rest;...
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Good evening everyone,
I am close to purchasing my first investment property in NY. The house is currently being used as a multi-family but there is no Certificate of Occupancy (CO) on file with DOB (Department of Bu...