JayCinta Henry
EIN Texas Required, Preferred....?
Wife asked - When applying for a EIN number for a rental property in Texas what type of business should I use?
And I add thusly, Prop. Manager requested a W9. If you have only one rental unit for now can you prefer t...
Brenda Soto
Tenant Help Regarding Non-payment & No Water
Hello - I am in a situation where I have a new tenant and this is their first official month they are paying me rent and they have already told me a bunch of lies regarding why they wont be paying in time. I plan on e...
Josh Thomas
Closing on a performing 1st note - process, legal, due diligence
Before I pull the trigger to sign a Purchase and Sale agreement for a performing 1st note from FCI, I'd like to understand the ideal closing process.Would you recommend I hire a local title company to preform a title ...
Tony Castronovo
Any formal documentation required to tenants when selling rental?
We are selling our SFR rentals and the tenants have all been aware. We are communicating with them of course. Is there particular/formal documentation we need to provide regarding the transfer of security deposits, ...
Molly Klima
2nd personal vs a business checking?
Newbie here. Trying to set things up before I purchase my first rental property. The due on sale clause after title transfer scares me so if I'm not using an LLC will opening a second separate personal checking and ...
Rudolph T.
Refinance LLC properties
My fellow BPs,
I have several properties under an LLC owned by a holding LLC. I ultimately own the holding LLC. My question is how difficult is it to refinance these properties? What requirements would lenders look ...
Alex Arritola
Sole Proprietorship to an LLC
Hi,
I'm seeking advice from the community, especially from those with relevant experience.
My mother owns several properties under her and my father's names (my father is now deceased). These properties haven't been...
Bradley Chapman
Best Practices When Purchasing an Existing Airbnb Property
In the process of writing up an offer on a duplex that's been operating as an Airbnb (both units) for over a year. It's a completely turnkey sale, so all furniture/decor and any bookings on the calendar after closing....
Alex Kim
How Real Estate NFTs will Impact Real Estate in the Future
In my opinion real estate NFTS will have a huge impact on real estate in the future. Firstly, real estate NFTs guarantee easily traceable, secure records of ownership for a variety of property investments. Secondly, t...
Blake Valdez
I 130k in my 401k i am 31. Smart to use this money to invest?
Just wondering if it's a benefit to me to use my 401(k) to invest in real estate?