Dustan Marshall
buying a current rental and may need to evict tenant
hello BPI am considering purchasing a property that is currently a rental. Not sure how the lease is written up between existing Tennant and LL. But I know they are behind on rent.If I buy the property what are my o...
Ben Jamin
Seller Wants Future Rental Profits
Hi All,I recently went under contact on my first STR, Yay!The property is already an STR and the current owners have bookings confirmed into July.The closing date is set for March 30th (meaning, I will then take over ...
Roxanne Lembke
Realtor, do I need 2 years of tax returns to qualify?
Hi everyone, I am an agent and would like to buy my first home, (the irony, I know) I've done quite well my first year in the business, however I want to know if it is possible to qualify after only 1 year of tax retu...
Steve K.
Are subject-to's considered assets?
Hello BP,I am currently submitting documentation for a cash-out refi on one of my properties per the "BRRRR" method and had a question:Should I put down a property I acquired subject-to as an asset? The title is in m...
Samantha M.
HUD Homes Asset Managers?
When you are looking to wholesale an REO property, you first look at listings on MLS. Once you have found one and submitted a low ball offer that hopefully gets accepted, and you have an option period. If the option p...
Abad Marroquin
Is this Certified Estoppel Letters correct?
I am buying a few apartments and I have closing tomorrow. Because many tenants don't have a lease, we requested certified estoppel letters. In the contract it is stated that "Seller is to provide the buyers with Estop...
Crystal Smith
Can my property manager get in trouble for improper screening?
Hi, I’m a landlord this is my first property and first tenant. I use to have a property manager and he was terrible. He never answered his phone, always gave me the rent super late and always told me he Got someone to...
Stetson Keen
Forming an LLC in Louisiana while I live and work in Texas
Hi, I'm new to this, so here is the situation. I need to form a partnership in Louisiana for deal with a Family member, but I live in Texas. The family member already owns the house and I will renovate/manage it. Shou...
Jack Wu
A issue with property Manager
I have an issue with my property manager(she also the owner of the property management company). I don’t want to pay penalty if I early terminate my contract. Where I can complain? Any advice? I lived in Dallas. ...
Elio Mariani
Holding property in LLC/Corp
I plan to buy a rental property with cash from personal assets (stock market) and I plan to have the title held in an s-corp, for liability protection. Is there liability protection value in having the s-corp borrow...