Matt Geerts
Small town main street tenants
TL;DR - Commercial newbie needs to know how to effectively lease up a few shops in a tiny town. I have found myself suddenly to be a commercial property owner. Besides some residential units, my new building has 3 com...
David K.
Lease Option "protection" for the Tenant
I have a great opportunity to get a property with great terms with a 24 month Lease Option but I am new at lease options so have a question or two. We have a contract written up and we have all the details in the c...
Naomi Beach
Multi-Unit Investment 2-4
Hello! My husband and I are looking to purchase our first investment property. We are not from IL but I am currently stationed here with the military. I wanted to know where good areas are to invest with a steady cash...
Matt Kampf
New Investor from Houston - BP Pandemic
Dear BP,
I just wanted to extend my thanks and gratitude. Ever since visiting the BP site my computer has become infected with the BP virus! My web browsers is constantly open to a myriad of Windows from MLS listings ...
Steven Tawresey
Personal Guarantee for LLC - Asset Protection?
So I understand LLCs. I'm not looking for a lesson on the benefits. I am 1 fax away from having an attorney set up my multi-member entity, Operating Agreement, etc.I also understand the reasons why banks don't like le...
Javier Perez
Late lease payments grace period
Hi, This is more of an opinion question I guess. Currently, I do the following for my tenants:1. Send out a notice on the 1st of the month as a reminder that rent is due.2. If payment is not received. 24 hours before ...
Ron Fletcher
Investor buying enough units to control HOA. Worry or not?
I own three condos in an 18 unit building that I rent out. Mostly investors owned units in building. A few owner occupied.
New investor just bought nine of them and his agent already called to see if I would sell. I ...
Keith Belzner
Tenant / Buyer does not exercise option, now what?
Hi BP, Searching around but have not been able to find an answer to this question:For example I get property from seller with a L/O and then sell the option to tenant/buyer for my fee then get out of the picture. Aft...
Hemal Adani
Do I need title insurance?
Hello, I have mortgage on a property. Lender has ordered and received lender's title insurance. Do I owner's title insurance as well? Should I get one after mortgage is paid off?
Toan Pham
LLC for one property?
I know the general consensus is that you should have an LLC for protection but I was wondering if anyone decided to forego an LLC (for maybe an umbrella policy) when they had a single property? I'm in California so LL...