Warren Smith
Partnership agreement for new investor
I am investing out of state with a partner whereby he is finding deals in his local area, I am funding the deals. His background in investing is significantly greater than mine, and as such I an funding deals that he ...
Mike Francis
Other Lending Options for first time home buyers?
I have a house for sale where the interested buyers are a couple of months away from having the lender required pay-stubs. Both buyers are new college graduates, one with a masters degree with excellent credit, and bo...
Nick M.
Requesting Lease Payment from Cosigner
Hi Team,
I have a tenant that required a cosigner to move in. The tenant was new to the country, his brother a long time US resident ultimately signed agreeing to pay in the event of rent default.
Well, with corona...
Anthony Nelson
Reserve Accounts
I am in the process of working on my 3rd and 4th deals simultaneously. Both are single family homes that I will be renting to college kids. I also own two 3-family homes, one which I live in. My question is what do pe...
Andrew Weckerle
Assignable contract addendum vs. rewrite
Quick question. If I am using a purchase agreement provided to me by my title company in Michigan and there is no verbiage specifying the contract is assignable, would an addendum to the PA be sufficient? Any advice i...
Nicholas Arthur Hogan
Starting a property management company
I was wondering if anyone had any experience in Texas starting a property management company. Do you need to have a license and operate under a broker or a brokers license? What are the steps one would take to establi...
Jordyn Gegg
Would banks allow my PML to co-sign on a cash-out-refi?
Weird question, but lets say in a future BRRRR deal I have a PML fund the entirety of the acquisition + rehab. Now that the property is fixed up and appraised for a higher price, I go to a bank to pull my equity out o...
Michael Roeder
Tenant using trust as proof of income
I have a tenant that is wanting to use their trust as proof of income. I don't feel comfortable doing this as they have no job. Is it legal to decline them due to not having sufficient income or do I have to consider...
Giovanni Vazquez
Financing ADUs without equity
Hello BP community, I finally bought my first duplex thanks to my phenomenal realtor Adam King in July 2024. I am currently working on phase 2; building 2 ADUs.The permits are already in the works but the biggest ques...
Ron Thomas
Splitting proceeds from a sale in a 1031 exchange?
Hello all,So here's a quick run down of the situation I am asking about. Myself and another investor in the suburbs of Detroit are looking at a 140 unit apartment complex being sold by a larger investor who wants to ...