Hello, I am purchasing some apartment units with existing tenants and leases in place. When I acquire a new property, I have the seller give me a lease assignment agreement, assigning the leases legally over to me. Th...
I am in process of buying my first investment property and need some advice. I couldn't find any lender who will give a conventional loan to a LLC so I got the mortgage in my name and the idea was to transfer it to LL...
Hi, I am in contract to close on an apartment building, but while closing we found that there was a lien on the property. Basically it's a lien stating that the service company (lets just call them company A) gets exc...
Backstory: Have a SFR in my wife’s name which we recently refinanced and currently being rented. Trying to start a LLC but lawyer highly recommended I get consent from the mortgage lender about transferring deed to...
Hi i have a strange situation. I bought a property earlier this year which had long term tenants, the lease is a month to month with one of the occupants. His wife stays with him, and wife's daughter(Z) has been stayi...
One of my tenants has told me he will not be renewing when his lease is up on 04-01-14. What kind of things should I be doing now to prepare? They are sloppy bachelors and I will not want to show the house while ...
My lease term ends on the 31st of this month. My roommate, who cosigned with me, wants to stay on the property. Our relationship ended on bad terms and I have already moved out, and unless I relinquished my deposit to...
I just closed today on my first property. We done a conventional 30 year loan and at closing there was a paper I had to sign that said I must have the home as my primary residence for 1 year. My wife and I are thinkin...
I'm preparing an offer. Long-time tenants are paying 750/mo to seller. Market is >1000/mo. I'm willing to give them some time to find another place or pay the higher rent if they can, but I have to raise it soon...
I am talking with a motivated seller, very easy seller to talk with and seems willing to accept any reasonable offer. He has 60% equity. He is telling me that the bank is “telling him things” that seem to make him fee...