Sing Ho
How to be a Hard money lender
I have some cash and want to be a hard money lender. What kind of stipulation or kind of contract should I use? I already have someone come to me to lend them the cash to flip a house and they offer 20% interest for l...
Jennifer Anderson
Private reverse mortgage?
Hello and thank you for any advice. Here is the situation-I found a house I can purchase well below market. The owner would like to have six months after the purchase before vacating and will pay me the six months o...
Kasey Gagnon
First Investment Property LLC vs Conventional Loan
Looking for some advice in reference for my first investment property. This will not be my primary address, so FHA loans are out of the question. Do you all recommend buying the property with an LLC or buying it with...
Account Closed
Attached ADU, RSO and SCEP
Hi, looking for some insight and suggestions on next steps with my ADU and rental situation.At the end of summer 2022 I completed and received a CofO for an attached ADU in Los Angeles. I moved into the ADU and bega...
Catherine Brennan
Paying rent upfront
Hi BP Community: I may need to consult with an attorney on this, but I was informed by a property manager that collecting rent in advance (ie 3 months, 6 months, etc..) could pose a problem for Landlords in Chicago d...
Michael Braatz
First Accepted Offer
Hi all,My partners and I received an accepted offer on a rent ready, unoccupied, SFR in Milwaukee.My question is, at what point do we start advertising for tenants? Immediately? After inspection? After closing? Are ...
Houston Groff
Tenant wants shared yard split
I have a 2 unit in Pennsylvania. I'm dealing with a newer tenant who is supposedly disabled( some heart condition) who doesn't get along with the tenants in the other unit( they have been here for years). I've had com...
Farzan Setayesh
Unpermitted garage conversion to ADU
Hello. An off market deal has been offered to me. It is a 2 car garage conversion to an ADU without permit. It has been rented for the last 8 year. How can I get a permit? Consequences not getting a permit and keep re...
Roger Malcolm
Some questions, for newb, on property tax foreclosures in Texas, Fort Bend County
I have never bought a foreclosed property. There is one near me that I am watching. Some questions please:
1) How long does it take a property to go to auction, once the property tax are delinquent past July? July ...
Charlie Miner
Existing Tenant Wants to Break Lease
Hello, I have an existing tenant who wants to break their lease. The lease (I inherited) states they are still responsible for any remaining rent obviously. My initial thought is to ask them to be out by X date and wo...