Garrett Jacks
Lease Option Assignment-- When and how do I get my fee?
Dear BP,
Thanks to you, I've got my first deal in the making. The seller and I have signed contracts for a 1 year lease option, and I will be assigning the deal to a tenant buyer. The non-refundable option p...
Sam DiNicola
Minimum Income & Credit Score for Prospective Tenants
Does everyone require prospective tenants have 3x the rent in monthly income / rent is no more than 30% of their monthly income? What is minimum credit score you look for in a B- neighborhood? For people with lower th...
Sean S.
LLC Operating Agreement Question about Capital Interests
Hello All,
I am currently completing the paperwork for my LLC. I am splitting the LLC 49(me)/51(partner) with a partner that will be able to acquire sign the personal guarantee since he owns the majority of the LLC i...
Account Closed
Pre-Screening: When prospects supply different names and emails?
I just set up a pre-screening process for my first rental property and listed through Zillow manager. After prospects initiate contact through Zillow, I forward a contact form to them, getting their full name, phone n...
Ana Carini
Payment Processing Options for Cohosts
For the experienced cohosts in the group, I’d love to get your thoughts on payment processing options for cohosting companies (LLCs) that position themselves as property management companies but operate without a brok...
Douglass Belt
Bulletproof leases
As I listen to the podcasts, and read many forums, I am wondering does anyone have an example of lock down, solid lease for a single family or multi? (2-4 units?) Of course, a mutli uni lease will be a bit different t...
Meredith Mihm
LLC in a different state?
Hi guys, First post here! We are first time investors thinking of doing a BRRRR. We are looking at a house just across the state line (we are in MN, and this house is in WI). We would pay cash for this house. My quest...
Steve Matrix
Purchasing Willed Home Without Probate
Hello,
I will make this as short as I can. Eleven years ago, my dear and beloved parents helped me out tremendously by purchasing a home in which I've lived for just over 11 years now. I had a horrendous business pa...
Vilson Nikollaj
Legally permit duplex as triplex
Has anyone had to get a MF unit legally permitted in San Diego? Bought as triplex, knowing it was legally a duplex. Previous owner made it a triplex probably in 60s. Zoning will allow triplex. My thoughts are:1) get ...
Pamela Gondeck
Online Leases - making sure it's read
Does anyone have any ways of trying to make sure that tenants really read the lease that they are signing online? I'm testing out one through Innago and I can see how a tenant could easily just scroll though and clic...