Account Closed
First small multi-family hack
Hey guys, I'm looking to buy my second house hack, and my first small multi-family property in Logan Utah. I'm working with a conventional lender who will apply the income of any renters currently in the property at t...
Wendy Peterson
Seeking Legal Advice for Vacation Property Venture
Can anyone recommend an Attorney in the Chicago area who would be able to give guidance on a syndication vs. LLC vs. Limited Partnership for a new vacation venture I am looking to set up? I am forming small partnershi...
Mergim Kacija
Seeking Advice on Lender-Placed Insurance Dispute After Loan Payoff
Hello BP,
I'm hoping someone here can provide insights on an issue I'm dealing with. I took out a 12-month hard money loan with HouseMax Funding, a reputable lender, for a fix-and-flip project. Before closing, I was ...
Dilip Gandhi
LLC formation for newbies
Hi all, I am negotiating to purchase multi-houses portfolio in Las VegasAlthough, there are tons of reference on BP about this, but have a specific question. 1) Is there any difference for LLC structure formation for ...
James Wax
Holding Syndication Fund as Community Property
My wife and I live in California. Most of our accounts are set up as community property with right of survivorship. I'm going to invest in a real estate syndication fund where the properties are based out of state.
D...
Seyi A.
Legal In A Box Opinions
Howdy All,
Has anyone used Legal In A Box for entity formation and/or putting together an Operating Agreement? I'm looking to set up a WY manager-managed LLC as HoldCo and IL member-managed LLC that is owned by an I...
David Green
Chicago Condo Association (HOA) - rental regulations
Does anyone know if a condo association (6 unit building) can pass rental restrictions that prevent you from renting? I think my association is trying to pass a rule so I can no longer rent out my unit (I am currently...
Richard Mendoza
Homeowner Insurance for multi unit property with two addresses
Hello Everyone,Newb here! I'm in the process in purchasing a multi unit property with two different address and just had a quick question about homeowner insurance since I called three different insurance companies an...
James Marable
Structuring Partnerships/Investor Funding
What’s up guys! Coming off the sidelines to hopefully get a little guidance from the community. I’m a new owner in the Cincinnati Ohio market (7,000 sq ft 4plex), and I would love a little guidance on structuring deal...
Dave W.
Property Management Screening
We're thinking of renting out our house & purchasing another home for our primary residence. There are several property management companies in our local yellow pages. How do I choose which one is best? What shoul...