Tony T.
Formula Needed for Fan/Freddie where Rentals are Only Income
Question: What are the exact calculations a bank makes for a traditional mortgage (Fannie/Freddie) for a refi of my non-occupied duplex if my only income is a 12-unit rental property (plus the duplex)?
The bank told ...
Myles Kennison
What kind of partnership agreement is this?
A few years ago, my parents placed my name on their mortgage and title so that if anything were to happen to them, there would be no issues about me getting the house. I am trying to buy my first investment property b...
Juanita Briggs
Change the locks after a divorce?
Am I obligated to change the locks after one renter leaves? An upcoming divorce/aggression is occurring.
Peter A.
Walgreens purchase of Rite Aid locations
Is there any way to find out which Rite Aid locations are being sold to Walgreens? If I recall correctly, Walgreens is supposed to be closing up to 600 stores. Is that information somewhere?As a follow up is Walgreens...
Justin Mariniak
Guarantor Addendum to Lease
Good afternoon BP community,I have a future tenant who needs a guarantor to qualify to stay at one of my units. It is a long story but they are using their mother as the guarantor and she has qualified credit/backgro...
Cathy Wilson
Memorandum for land contract
I want to buy my sisters house. It's owned and has no mortgage so we are drawing up our own unconventional agreement for payments. However, she doesn't want me to record the deed until it's paid in full. Will the memo...
Mei Zhu
does having a contract with a listing agent prevent you from buying properties ...
does having a contract with a listing agent prevent you from buying properties ... directly from owners?What is my legal obligation to close a property that's not listed by an agent?I did sign a contract with our list...
Brad Louden
Transferring Lease Agreements from Seller
When taking over a lease from a tenant(s) on an investment purchase, what does that procedure look like? Is a new lease drafted or an addendum to the current lease etc.? Thanks in advance
Philip LaRoche
Do you recommend I get an attorney
Hello everyone.I have successfully purchased homes in the past, however, I have never used an attorney to complete those purchases. I am now looking at a short sale property (as is deal) and I feel I have a good und...
James Yoo
(LA) Homeless Encampments in back alley behind Rental Property
Title pretty much says it all. There are a few homeless tents in the back alley behind our property, a duplex rented out to two families. It is well known that the city of LA has a severe homelessness problem, and the...