Gregory Childs
note purchase commitment letter
I noticed a phrase in another posting "A quote and note purchase commitment letter can be issued prior to closing so that you will know how much cash you can expect to receive at closing"
If I hold a 9% note for $75k...
Eli K.
Qualifing for a second morgage , im a co borrower on a loan
Hello im about to co sign on a loan with my Mother on Monday, she is the primary borrower and we will live together in the house , i want to be able to qualify for a loan to buy a rental later on , i heard that if sh...
Aaron Bair
What is the legal definition of 'in writing'
Hi everyone. My HOA notified me via email of a paint color violation that is going to put me in financial jeopardy to correct. I attempted to go through the proper approval process but the painters showed up days ea...
Tom Beck
Transferring Ownership of New York LLC's to Wyoming LLC's
I own New York LLC's which hold property in New York. I recently opened a Wyoming LLC to function as a holding LLC which will own the New York LLC's. Do I need to file any ownership transfer forms with either New York...
Brandon Connell
Jealous competition on craigslist?
I posted ads on craigslist in the real estate wanted section. I got a weird reply today that said formal notice and went into me being in the wrong category and overposting. Clearly someone butthurt. Anyone had issues...
Jason Turo
Checking account - obviously separate personal from business
What are the risks / potential liabilities if we operated an LLC for rental properties but used a checking account strictly for business purposes in our personal names? We would obviously not use this account for any...
Henley Smokey
Previous Structural Integrity Issues
We have a condo that includes an underground parking garage. Recently, it was determined the building where the underground parking garage is (which is separate from the condo building) had structural integrity issues...
Evan D.
Lease termination letter delivery
Hello,
I just closed on my first house hack (duplex in Columbus, OH) with inherited tenants. I need terminate the one unit's month-to-month lease. Is there a best way to do this? I currently live out of state so I wa...
Jimmy Watson
Trying to Compare an Apple to Bigger Apples
I am trying to comp a house in a Dallas that really doesn't have much to compare it to. I would like some input on this if you have a second or if there's a thread out there that this scenario has already be brou...
Michael H.
House rules when house hacking
Hey BP, there is a lot of discussion on here about house hacking. I was wondering, for those of you that house hack and rent out bedrooms in your house, what are some house rules that you have? What about if they want...