Arzu Alimjan
Operating Agreement for LLC
I am looking at creating an LLC with a friend where we would like our joint venture/partnership to be 50/50. We are trying to determine what the contract terms should require for short term rentals versus the standard...
Garrett Mistretta
Property Depreciation Speed
Hello! So I have a few questions for the BP community. I am currently trying to learn more about depreciation. Is the speed at which the property depreciates faster for larger properties? Is the standard 27.5 years re...
Aulana Smith
North Carolina Wholesale Contracts
Does it need to be notarized, have a state seal or some other identifying mark? Is there anything you can look at on a contract that would make you say " that is not valid in NC"? Thanks
Fred Shandler
Q. about quitclaiming and commercial loans
If I obtain a property in my name using conventional financing, then quitclaim it to and LLC, do I have to refinance using a commercial loan?
Thanks!
Fred
Chris Seveney
US Debt Data From Kobeissi - Scary
So I saw the data below and am wondering, are americans fighting inflation with debt? Have incomes kept up with inflation? What will happen when the credit card companies and banks tighten their lending standards?Do y...
Jonathan Fisher
Lease Paperwork Help
Hello. I just became a landlord last week. I need to get my upstairs tenant on a lease and I currently need to find tenant for downstairs. Could someone point me to where to find a good lease document? Why do you like...
Sam L.
Net Worth requirement on commercial/multifamily loan
Hi BP, I've got a duplex (and a condo) currently, and am looking to make the jump into 5+ units, but it seems lenders want 100% net worth on these loans. Anyone know of a lender who doesn't have that req? I am looking...
Salvatore Giancola
Dryer responsibility, tenant or landlord?
Recieved below email from my tenant :'The dryer has been acting up the last couple weeks - today it official stopped working and I can’t get it going. Would you be able to send someone out to look at it?' Is it the la...
Brian Drab
How are others calculating their charitable giving amounts?
I hold my investment properties within an LLC, which on paper, after all deductions, should take a loss each year (or close to it). I obviously can‘t give 10% of my profits.I’m curious what formula/standards others ar...
Sharoslyn Smith
starting mobile home park rental
Any suggestion of how to start? Home based, LLC? funding for landscaping and land development such as leveling, utilities poles, water, sewer lines. The property is located in Omaha Texas