Brint DeVilling
Buyer’s Agency Agreement
Hey all!I’ve been working with a realtor (Beth) that I met during an open house that she was hosting. When we originally met, I told her that I had been working with another realtor (old friend - Fred) in the area bu...
Heather Dale
Designating in-state agent - Shaker Heights, Ohio
Hello, I am a new out-of-state investor in Cleveland, OH for a couple duplexes to get my feet wet. For the Shaker Heights area it looks like you need to designate an in-state agent, per Ohio law. So I would need to fi...
Matthew R.
FHA on multi-family with currently leased units
I have a question regarding financing for an 'eventually' owner-occupied duplex...The duplex we're looking to purchase has both units leased until June 2017; one has been on a month to month arrangement, but the selle...
Mickael Castillo
Seen a for sale by owner sign, what do I do??
There is a for sale by owner sign that just went up down the street from me. What do I do now, I wanted to get into real estate and I feel like this is a sign but I don't know what to do. When I call the number what s...
Account Closed
Development question on lot with narrower width for NNN tenant
I have some land that might at some point be fitting for development. A few things have to fall into place, meaning permission to subdivide and most the rest are things that can be figured out.
I know I have to d...
Alexander Churchill
20 year fixed or 30 10/1 arm
What's up BP!
So here's the thing. I'm ridiculously indecisive about choosing which loan/rate to choose for my first multi-unit rental property. Almost to the point where it doesn't make sense to me why I'm beating m...
Charlie Rushton
Holding assets personally or in an LLC
My brother and I are embarking upon a RE business, initially fix n flips to grow the cash base, with the view to buy and hold down the line.He is based in the UK and will be supplying the capital(his) to finance the p...
Jane A.
Safety Rules for Tenants
Your input is needed! Please contribute into safety rules I am about to send to my tenants. The goal is to decrease the liability. Thank you!HOME SAFETY RULESFor residents of (address)______________________________...
John Cusick
Customary Land Purchase Terms
In a commercial land purchase transaction in Northern California with the value of under $10M, what is customary for the terms below?- earnest money deposit - is 3%, 5%, 7% or higher customary?- duration of the non-fi...
Gurpy Ont
LLC Partnership or Corporation structure
Hello BP members, We (two partners) are planning to purchase a cash flowing rental property under an LLC. From what I understand, LLC can be elected to be treated as 1. disregarded entity/partnership for pass through...