Nick Tiscareno
Question about a Purchase and Sale Contract
Was up bp,Found a house for sale by owner off Craigslist, that I'm about to put under contract. "EXISTING MORTGAGE (S): Existing financing on subject property will be current in all payments of principal, interest, ...
Matt Boerlage
Texas Operating/Management Agreement for single member LLC
Dear all, I would like to create a Single Member LLC to hold a long term rental property in Texas (I am living is Texas). Texas has no requirement for an operating agreement, but I would like to have one as I hear the...
Mike S.
Referring Business to a Real Estate Agent
For those BPers out their actively marketing to motivated sellers, how are you monetizing leads for unmotivated sellers that would be interested in a standard MLS listing. What type of arrangements do people have ...
Steve Arnold
Boarding house idea from Rachel Richards on the BP podcast?
I heard a BP podcast recently with Rachel Richards as the guest. She mentioned that she had bought a house and converted it into a boarding house type arrangement. She rented the bedrooms, and tenants had access to th...
Jacob Plocinski
LLC/Corp. with Family Split Property
I have family that has recently come into some inheritance. She has previous mentioned getting involved with rentals with me. Most likely she would put up the money for a down payment and I would handle the day-to-day...
Nick Lawler
Rental Income Taxes
I am currently house hacking and renting out a couple bedrooms to some Navy friends but do not have them under a rental lease, however, I collect rent on a monthly basis. I am not sure of how this will affect my taxes...
Alicia Jones
Need some advice
Does a business consultant need to be a licensed broker or a Realtor in order to match a property management team who needs financing with a finance entity whether it's a Lender or investor. I'm not selling any securi...
Robert Littke
Types of Ownership
I have a client who owns a 10,000 sq. ft. Flex building that he developed two years ago. He occupies about 3,000 sq. ft. and has been unsuccessfully trying to rent out the other portions for over a year.
Part of the ...
James H.
Quick Seller Finance Question - Texas
Does anyone see any legal pitfalls with offering to pay a seller $50K now, in one year, and in two years, for a total of $150K?No interest would be specified. No amortization schedule. No prepayment penalties.Obviou...
Jon Holdman
Pari Passu loans
Has anyone had any experience with a "pari passu loan"? The term means "equal footing" or some such. This came up in a situation where two people might be lending to one borrower, and they want to be in equal positi...