Hi All, I am a new investor and am looking to get into a few duplexes in my area over the next year. I have a partner who is also a friend and I am wondering what type of legal paperwork needs to be done before we act...
Do I need any sort of license or anything to manage my own properties? What if I was to hire someone to help me? Any tips on how to screen the tenants? What are the biggest pitfalls I should look out for?
I recently purchased a building with one bedroom apartment so am asking this question hypothetically so that I can approach it correctly if it ever comes up in my screening.
Can you reject an applicant applying for a...
Hi,After contacting a few lenders I’ve realized that the down payment money can’t be a gift. Does anyone have an idea how rigid is this rule and if there is a way to work around it. I did receive funds from my parents...
Sorry if I'm asking an already answered question, but I did a couple of searches on BP and didn't find anything that directly addressed this subject. I'm currently looking at property in Mansfield, OH that falls under...
Hi, I've seen several posts on how FM condo rules potentially affect the selling of condo units. I've checked FM website and read the rules however I am unable to find the exact definition of Condo by FM. I saw a lot ...
Hello,I own 3 out of 9 units in condo complex (it's a single building complex). Because that is 33.3% of the units, the complex is no long warrantable according to Fannie Freddie guidelines. In the past, I was able ...
Hey all, Can an agent take a commission for a lease that they secure for themselves or an LLC that they own?
I’ve been inspired to invest into rental properties, but I also know it takes time & money. Here in Michigan I am almost desperate to get my own place & start off as a house hack. But my funds aren’t there yet...
Hey guys! I’m looking to start transitioning my business plan into a syndication style. What would you say the best way to learn it would be? I’m really trying to find a book to get all the concepts and step by step i...