If I acquire a multifamily (2-4 units) property with full occupancy and tenants locked into a 12 month agreement, what happens in the event of a change in control? In an RE deal, can you assign the lease agreements to...
I am looking for a way to protect myself against buyers causing me to take my house off the market, and end up wasting my time.What could go wrong if I added this clause to the purchase contract? This says that the bu...
I got the real estate itch when I purchased our current residence in Midland, VA....an old 1940's farmhouse set on 14.5 acres. At the time, it was stuck in the 70's with wallpaper on every wall and to date, we have t...
Hi Everyone,Fairly new to BP, first time posting. I currently live in Raleigh, NC which is a pretty competitive market with thin margins. However, I want my first few units to be within an hour driving distance until ...
So as I get into the journey of learning more about rentals and trying to hold properties instead of only wholesale them. One thing me and a good friend of mine were talking about is how there is a possible downturn (...
I sold two properties last year, one of which was a rental, but both pass the look back test. Would I be able to claim the exclusion of gain for my primary residence and claim a partial exclusion for my renal or vise ...
Hi All, I'd like to try to plan an informal get together one night after the new years at the Fours in Quincy. This could be a good way for newbies and experienced investors to come together and discuss different inve...
I have been a big fan of avoiding institutional lenders and their fees and requests for detailed information that I want to keep private. If you have any equity in real estate you can create a Secured Note against tha...
Hi BP,Need your advise on this.I recently decided to buy a 2 family forclosed house in North Jersey. Signed the contract and put a $2500 earnest deposit down. Also spent another $700 on inspection, tank sweep and appr...
Hello everyone,I found BP about a few months ago by accident when I was looking for RE advice on rehabs, and have been lurking the forums since then, plus listening to the podcasts whenever I can. I have to hand it t...