I have a multifamily property that I closed - residential investment loan. My real estate planner suggested creating1. Create a Limited Liability Corp [LLC in my state] and recording the deed into Commonwealth.2. Sinc...
Currious what the accountants say to do for what amounts to double income. My property manager is obligated to 1099 me for the rent he collected and passed through. How do I account for this double income since in S...
Hi All, I am looking for a Washington State (or other state) addendum whereby a landlord property manager can assign a lease to a different landlord.Thanks!
What gives? We found a VA foreclosure, put in an offer and that day, the selling agent calls my agent and asks for highest and best. We oblige, then two days later get a note from VA that our offer wasn't accepted, an...
Hey BP,I am looking at a Dallas deal with 4 resi lofts (3500sf) over 6200SF of retail. I have a good understand of multifamily but the retail would be new for me. I have listed some questions as well as the numbers be...
Hello All, I have a technical question. I am currently under contract for a property that I plan on buying as a second home. My plan is to rent it out for the first year to capitalize a bit and then fix it up, furn...
1. If a unit is occupied, what happens with the tenant lease? Does it just continue with the buyer being the new landlord? If the seller is using a property manager, do I have to keep using it, or can I use a differen...
Just trying to find out if there is any interest in a networking lunch in Houston, Cypress or Katy area. North to west side of Houston mainly. Realtor here looking for a trusted circle of lender, investor and the other.
Hi BPs, We're looking for a new leasing agent/property manager for our east side Fort Worth SFH rental. Can you recommend firms or agents? If so, could you also say a little about your experience with them? Thanks,Car...
Good morning,Up front: Current tenant may potential be seeking legal action on grounds that I am not making reasonable efforts to rent the property. Details:House is located in Mount Pleasant, South Carolina (SC). ...