Does anyone know about how a master lease option would affect an FHA loan in the state of Tennessee? Or has someone done a master lease option on a single-family home in the state of TN and has any tips on ways to go...
So, lets say I have a standard wholesale deal set up. I have a seller and an investor. I get the property under contract as per usual, with a financing clause that holds me (the "buyer") free of obligation if I don't ...
So my current rehab project is a 2007 doublewide whereby the occupants had left and apparently were out of water for an undetermined amount of time, during which they continued to poop in the two toilets. It's been a ...
Hi I help my mother manage a property in NYC - brooklyn with a elderly (80s) section 8 tenant. He has been there since 2007, but has been trouble the last few years. Due to covid, he stopped paying his share of the re...
Hi All,
I own investment properties in Virginia Beach and Hampton Virginia. Two years ago I started a maid company in Hampton Road Virginia. While I have grown my client base to a respectable number, I've struggled...
Hi Everyone - I haven't made any deals yet - just information gathering at this point. I would prefer to not use my legal name on deals to protect my family's privacy. In your educated opinion, which is better - LLC o...
Here we go! First month's rent rent up front. Second month's rent paid on time. Third month an email to say it would be late. Paid four days late but they didn't pay the late fees. Fourth month was due yesterday. Not ...
I rented my first home to a relative 6 years ago. We never increase for the first 5 years but then I saw somewhere that you can't rent your home to a relative for way below market price. I also read somewhere that the...
This is my first off-topic thread (I think) and I am starting it because I think it has a valuable lesson for newbie BP members who want to make it big.
As you guys know, I travel a lot internationally and, as a resu...
Hello BP Community,I've been accused of short-term renting my unit (which I have not) and was fined $12,000. Furthermore, the building's bylaws have a 25% rental cap, and my unit is NOT approved, yet I informed them t...