Carlos W. Cruz Muniz
Sole Proprietor or LLC?
I've been thinking about starting to wholesale but, I want to set up my business correctly. Should I remain a sole proprietor or create an LLC? I've been looking at several videos but no one has been able to answer th...
Peter Halliday
Payment and LTV percentages
I’ve heard investors say you should stay away from low payment notes. I’m wondering the rationale. As long as the yield is acceptable, I’m thinking what does it matter? I guess it could limiting because of you want ...
Terri B.
Prospective tenant does not have deposit until move-in day
I'm in the process of renting my STR out for month to month during the winter season. Prospective tenant has already presented some.red flags but I said we can be more lenient bc it's short term. To protect my interes...
Blake Hernandez
Becoming a realtor (Houston area)
I am considering making a career change and am looking for advice. I have been working in chemical plants (project scheduler / "excel guy") for a few years but the uncertainty and constant relocating can be draining....
Keith Belzner
Wholesale contract "outs"
Hello BP friends, I am looking into wholesaling and I am not sure on contract verbiage. Here is an example of my question.I get a property under contract to buy and or assign with a 45 day term to close. I am unable ...
Cindy Veit
BRRR method - put property in LLC or personal name?
It has been 10+ years since I have bought a rental property. We currently have 7 loans in our personal name. I was looking for a bank to do a cash-out refinance in our LLC. One banker asked, "why don't you put it in y...
Erik D.
Failed pre-screening, do I notify of rejection?
When I advertise a unit for rent, I'll get an e-mail response, and send out a 10 question pre-qualifying e-mail.
I have a potential tenant that listed their income as "1250 not including tips". The rent is 79...
Timothy W.
Blagojevich under Federal Custody
I know I'm not the only one waiting for this a-hole to be behind bars! Seems Blago tried to sell Obama's state senate seat....and now he'll join a long tradition of Ilinois Governors sitting in the clink.
http://new...
Ping W.
Do I have to accept applicant in the order application received
Do I have to accept applicant in the order application were received? I have two applications, one is in a transition period graduation next year with a big family and two cats another one is military family with no p...
Jessica Young
Unstable tenant harassment and slander
Is there any course of action for a tenant who repeatedly texts purposefully disrespectful things about how much they hate the rental and constantly tells you how much they regret renting it? It's gotten to the point ...