Wayne Petit
Home Mortgage/Loan Scenarios... How is this possible?
I'm sure someone has asked this question before but I can't seem to find an answer. I often read this scenario on BP or other real estate posts about buying/financing rental homes. The assumption is if a person has...
Nancy Miller
What are proper steps to take when suspecting fraud in a HOA
Would love to hear if anyone has taken down a crooked HOA and any advice you can give me on how to handle this situation. Have a situation in a declarant (aka developer) controlled condo/HOA. The declarant finished de...
Paul Williams
Creating a Condo Corporation (HOA)
Have any of you ever had to create a condo corporation?I am considering an apartment building with the possibility of splitting up and flipping the individual units into condos.In this case, I would have to create a c...
Edward Mccracken
Goofy Fire Situation
Last Friday I had a fire in one of my condos. 10 out of the 12 units are inhabitable. I was lucky enough to be one of the two that are inhabitable because I had a fire proof door. I guess everybody else had wood doo...
JB Klein
How to evict during the eviction ban
I want to start off saying that there are often options to get tenants assistance they need to pay rent so you don't have to throw someone out on the street. I've been able to use state programs and work with local or...
Stephen Neto
Real Estate Professional tax status an option?
How does one prove they have worked the 700 hours or so needed to be considered a Real Estate Professional as far as taxes go?Can anyone declare this if they put in they hours? Just wondering if it is an option for m...
Jasmine Claye
Bank Loan on a Rental home
I am thinking about purchasing a home. Initially I thought about using it as a primary home however, now I am thinking about using it as a rental. Would the bank know I am using it as rental if I got the loan with ...
Brian H.
Question about filing for me EIN.
Hey folks!So I have my LLC formed. Most Hard Money lenders wouldn't even consider me without it. Ok, so that is done. Now I need to get my EIN, correct? In the form SS-4 I select that I am a one member LLC. On the...
Keno Powers
Can my HOA restrict the type and number of tenants?
I live and own a 3 bedroom townhouse in a small community of 3 bedroom townhouses in a college town in Maryland. I'm moving and was planning to rent mine out to 3 college students when the HOA sent me this email (I'm...
Evan Franco
Tenant Notified me of Partial Payment
I am very new to being a landlord (less than a year) and my tenant just informed me they will not be able to pay the full rent on the 1st of next month. They said they'd be able to pay only ~1/4 of the amount ($2,000...