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Hello AllI'm very new to BP but have been reviewing a lot of the posts that have come through to better acquaint myself with the site and its benefits. I'm very impressed with this sort of comradery and desire to help...
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Based on our prospective applicant's initial contact he quoted 600 as his credit score and in our ad, we stated we were looking for 'good' credit. His credit came out at 530 with other delinquencies, judgement and li...
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I stumbled upon a lawyer's website while searching for LLC information and this article piqued my interest: http://www.lonestarlandlaw.com/Anonymity.htmlIt describes a two LLC's structure designed for asset protection...
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Hey guys,
I'm a young starting RE entrepreneur, been studying and learning for years, and now I'm launching with a major Househack and would love some guidance. I just got approved for a 400k FHA loan, want to use...
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How do we legally request official military documentation from the tenant, such as their orders or military ID card. This clause should specify the purpose of the request and how the documentation will be used. Do you...
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Hi guys! Ok, so here's the situation....I'm a newbie RE Investor and had plans of going into business with a friend who I've known for over 20 years. This guy has been in the RE business for the past 20 plus years a...
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I purchased a house last year. I did not have the property surveyed. It appears the property line is in the driveway, with me owning most of the driveway. The driveway is shared with a vacant lot. The man who lives in...
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Was just told today by a Chicago area attorney who works with a lot of investors that he has seen a sharp increase lately in banks calling notes due.Very curious if anyone else is seeing this.
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What is your tolerance when it comes to tenants being late, before evicting? Im currently owed most of May and all of June and I think if I give them more time its just going to cost me in the end. Especially when she...
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Background: Just closed on my first househack duplex where I inherited tenants. The tenants are a married military couple who had just extended another year prior to me closing the property. I have already talked with...