Lorenzo Caballero
Backing out of a deal
I have a property under contract and an issue came up with my end buyer. He is unable to take the property because of an unexpected problem on another house he is rehabbing. When talking to the seller BEFORE getting i...
Mike C.
FSBO, Title Ins Optional For Owner?
Buying SFR FSBO. Below is text from a form from the title company (large, national) that states I will pay title insurance for lender coverage, but title insurance for owner is an option, and not necessarily the same ...
Pavan Sandhu
adding units/r-1 zoning for multifamily sacramento, CA
Trying to run numbers on this multifamily unit in sacramento, ca. The place is run down and needs close to 100k to bring the place up to profitable rents. The place has 10 units currently and sits on almost 2 acres. I...
Jay Yoo
Do married couples need to be screened and each pay a fee?
Hi All. I’m sure this post could be redundant but Do I need to run credit report for married couples and each pay a fee? Only one is working and will pay the rent. I would not accept a tenant with criminal background....
Serge S.
Anyone called out by IRS for NOT filing 1099s??
I know a few investors that have never filed 1099s with contractors. They claim to either play dumb (thought it was a C-corp) or just never file. One guy has never filed in over 10 years and never a peep from the IRS....
John D.
NJ New Jersey lease agreement question
I'm curious what the BP community that rents to tenants in NJ feels are absolute MUST HAVES in any lease agreement they draft.
Charles Moore
Fresh meat
Hello to you all! I've been following BP for quite some time and have finally joined! This is truly a top-tier forum with a great community. I have a background in retail sales (very sucessful) but hated the hours (n...
Robert D.
city of Chicago Off Limits sticker
sometimes when I do research on a properties I see building code violation regarding abandoned building. they are standard and : CN193000Maintain building in safe condition so it does not constitute actual and imminen...
Corey Dutton
Private Money Lenders and Small Lenders Fight Unfair Compliance
The Consumer Financial Protection Bureau (CFPB) was another offspring from the Dodd Frank Act, a legislation that is well-hated among mortgage professionals in America. These new controls under the CFPB have put unne...
Shannon H.
Which is the most important items to write in a lease?
I have started thinking about writing up my leases so I'm prepared once we purchase our multi family. What phrases have been a safety or the most useful points you have used in your lease?