Samuel J Claeson
Inherited Lease Agreement/Security Deposit
Hello,My wife and I recently purchased a Triplex in Minnesota and inherited tenants in each unit. Since we purchased the home using an FHA loan, we are required to occupy the home for one year. Therefore, I had to g...
Vaughan Moody
Liability for hot water burns
I have a question about liability. Our tenant is a licensed plumber. Yesterday there was a leak coming from a valve that comes out from the wall under the bathroom sink, so he turned the knob on the valve to tighten i...
Fabiola F.
Land trust vs umbrella policy
I own a vacation rental property that I had to quit claim out of my LLC into my name when I did a cash out refinance. So for asset protection & anonymity, I'm considering transferring the property into a land trus...
Anthony Caiola
Don't want to overextend/Wise Investment?
So I am new to investing, have done a ton of research, reading, listening, studying, etc. over the past 18 months. My wife and I are supposed to close on our first two investment properties in December (Single family ...
Daniel Dylan
Sell or rent? Seeking input
Hi all - I’m at a bit of a loss for what to do next with my real estate investments. What would you do? Would greatly appreciate any input Background: 30YO Seattle area with good w2 income. For personal reasons, I ne...
David Oberlander
Best excuse to decline funding a loan
I've heard of many reasons to decline funding a mortgage over the years but this one is a new one to me.From a HARD MONEY LENDER not a bank. You'll recognize the name when I post it (not now) as they advertise here o...
Sung Yu
To hold or sell (4-plex) 1.5yr ownership
Hello BP family, I currently own a fourplex in Lacey, Washington and I am looking for advice on whether to hold or sell. Here's a breakdown that may help paint the picture, thanks in advance! Short term goals: Accumul...
Joseph Taylor
Starting an LLC in Wyoming, While Investing in California
Hello All.I’m going to start an LLC to buy an investment property in San Diego,CA. I need an LLC for access to funding (hard money or otherwise?) and I’ve been told starting an LLC in Wyoming is beneficial. As state...
Logan J.
What qualities should I look for in a SFH?
Evening everyone, In May I plan on purchasing my home. I plan on it being a SFH and having it be my primary residence. Any additional rooms I have I will most likely rent out. With that idea in mind, I am more incline...
Shannon Garst
Need advise on setting up an LLC
Any advice on setting up an LLC for our RE investments? Do we need to speak to a corporate lawyer or can we go the simple route of LegalZoom? Need to get it it done quickly for a hard money loan.