Jason Wilson
Break It Down Please O_0
I dont understand the purchase agreement and how it should be filled out. Is this a good one to use as far as having an out clause?CONTRACT FOR THE PURCHASE & SALE OF REAL ESTATEDate: On this day of, 2013 PARTIES...
Joseph Dain
VA Foreclosure AS-IS
We are looking at buying a VA foreclosure that is being sold AS-IS. They are offering a VA loan. They are planning on fixing a few things, but possibly not all, i.e. pool pump.My question is that since they are offeri...
Paul Chase
LLCs and asset protection
It's fairly well known that REI properties should be held in an LLC or a similar entity to protect your personal assets if something happen with tenants at the property. But that's not necessarily a two way street, a...
Paige A.
VRBO trip insurance and vacation rental agreement terms
Hi BP community! I am a newbie to vacation rentals - helping my mother and father turn their beach home into a rental to help subsidize (likely, soon) assisted living/nursing home expenses. Their property is in Sout...
Marcin G.
Rental house lost power, tenant wants to move to hotel
After yesterday's storm Isaias, the rental house lost power and ETR is provided by PSEG for Aug 9th. The tenants want to go to the hotel for a few days until the power is back on.I am sure their food in the refrigerat...
Xavier G.
Special Warranty Deed & Foreclosures, what to look for?
I am looking at a property in Texas that is in Foreclosure from a reverse mortgage company. The previous owner was a hoarder and my research seems to show that he was foreclosed on because of past due taxes (on top of...
Chris G.
Storm Damage to Rental Property
Have a weird layout property where the front door is on the 2nd floor and there is a set of wooden stairs to get up there. A large tree fell during the storm last week and took the stairs out so the tenant has no way ...
Mark Smith
What to do? Need advice.
Hi guys. I'm posting this for my aunt and uncle. They have a home in Miami. Valuation is 700k. They have a first mortgage with a current balance of 150k. They want to move further north so they're planning to sell th...
Eric Miller
Insurance clause in note?
Good morning real estate gurus. I have a question about a house we are selling. We own it free and clear, and have accepted an offer for about 34% down with the rest seller financing. My question is, should there b...
Dustin Ruhl
Why Investors Should Hope For The Best But Prepare For The Worst
People who are willing to invest in a business are generally upbeat, optimistic and excited by new possibilities. All this positivity can make one a little reckless. It is important to remain level headed when looki...