I was curious how most people worked their first few rental mortgages, did you take out a 5,10,15,20+ year mortgage? Once you have more cash flow coming in did your mortgage lengths change? Did you put down the u...
BP Friends, What is a typical or good length of terms to close when you put a property under contract? I am looking at selling / assigning them only with no option on my part to purchase. I am thinking that 15 days i...
what's the longest you've seen a piece of land or a building tied up with an option? If it was your deal, was it a straight option or did it include extensions as well? how much did you put up to start and for each ...
Does anyone have any experience on how to get around a non-arm's length transaction restriction? I am looking for solutions that would allow me to own it rather than doing something like a subject-to.I am looking to ...
I'm an owner, and I'd like some clarification on what you think my property management contract says, as far as length of term. It says: "This contract shall begin on _______ and end 12 months from date of beginning...
Hi all, My wife and I just started renting out our furnished unit the beginning of this year and were lucky enough to get a tenant in right at the start of the year until the middle of June 2023. With that being said,...
Is buying property from your management company considered a non arm's length transaction?i'm in the process of doing a delayed financing exception and the lender is requesting that the purchase should have been a arm...
I hired a realtor to list my first single family rental house. A week later, he texted me that he found a client, screened her, and she is ready to sign a 10-month lease. I agreed via text, but when he sent me the l...
I am setting up a LLC for property management. The LLC will manage my properties, which are single member LLC's as well as well as properties for other owners.
My plan is to have my property management LLC collect a ...
I have only posted a few times as I am hoping to start purchasing rentals soon. For those of you that have had rentals for several years, maybe even a decade or more, I know there is not a exact number for this, but...