Jeff L.
Do I need to hire an attorney to create an LLC?
I need to create an LLC for financing as well as liability reasons. This thread isn't about the pros and cons of forming an LLC.Rather, my question is:Should I hire an attorney to do it "right", or is it good enough f...
Martin Neal
Is it time for this tenant to go??
I’ve had a tenant in place now for 6 months and they have only paid once on the 1st. They have technically been late every other time. 3 times they paid after the 5th which is when a late fee is applied by state law. ...
Mari Waters
What Would You Consider Some Good Rules for a New HOA?
Good evening all. We are a pretty new HOA and we are having a meeting of the membership to determine some sort of criteria for the CC&R's. There are no specifics about what members can and cannot do, so we're gett...
Jennifer Lee
1031 and first $1M deal, Done!! Thx to BP
hi BP,just want to thank you! stumbling on this site was the best thing ever!I don't have time to write out the details bc its still work in progress and I'm just updating you all on my journey here on BP.Thx for the ...
Peter Lee
Bank says no counter on Short Sale?
So, 3 weeks ago, I found a house on the MLS listed for $74k, I made an cash offer on a short sale and it was accepted by the seller. Today, I got a phone call from my agent saying that GMAC negotiator wants $90k for ...
Dante Moore
Contractors charging fees for pulling permits
Is it customary for an electrician to charge a fee for pulling permit plus the cost of the permit?
I was sent a code violation for work that wasn’t completed 2 years prior to me purchasing the property. I called ...
Peter Walther
Business Email Compromise (BEC) scam
I've seen several posts related to losses from a BEC scam and came across this story of a title agent that lost some money to scamers and tried to recover from his E&O insurance.
The United States District Court ...
Chelle Knijnenburg
lease change the renter (a lawyer) wants to add about escrow
Hello all.Our future renter wants to put these two items in the contract, one is in case we put the house on the market. Note that she is a lawyer. We don't fully understand the escrow clause and how it might affect ...
Bob Romano
Tenant always late, what to do?
My tenant has been in since Nov 2018. Out of the 4 months, he has been 15 days late for 3 months. My lease states rent is due on the 1st. It is late as of the 5th and there is a $50 late fee as of the 5th. He consiste...
Chris Seveney
Note Investing - Amazing Stories
When investing in notes, we all have those deals which are “head scratchers”. Interesting to hear your story. I have many to share (including offering a non paying borrower who hadn’t paid for over a year a free house...