Justin R.
File with the Secretary of State as "Transacting Business"
I recently purchased an apartment in GA with a LLC. My LLC is a California LLC. I was told by my closing attorney (GA) I need to file with the Georgia Secretary of State as a foreign LLC in order to do business in GA....
Sherri Gaines
CMOs are so much easier than REOs
They close quickly. Aren't shopped like REO packages and are great product to have in an investment portfolio.
Have any of you done them? What has your experience been?
Nicole A.
How best to inform tenants that property is for sale
Recently, I put one of my 2-unit properties on the market. One of the units is occupied and the other is vacant that I'm currently trying to fill. Have you had experience informing tenants that you're selling? Do they...
Marc C.
Why use an option? Why not a purchase contract?
I've read dozens of books and taken courses on lease-options. Many recommend you get the purchase agreement signed at the same time as the option agreement and lease agreement, then hold it in escrow until you're read...
Rick Bassett
No good deed goes unpunished
We had a prospective tenant show interest in one of our rental homes a few years ago. While their credit history wasn't great, they qualified on income plus the husband's veterans housing allowance. They owned a house...
Tom W.
Applicant has existing mortgage, Reason for denial?
I have a applicant who makes good money, owned home for past 15 years with existing mortgage. Supposedly in process of selling home, but its not listed and when I ask for documentation to show its for sale or under co...
Rachel Dixon
How to invest my cash
Pretty new to real estate investment-currently own six doors. We have about $70k to invest right now and would like to know the BEST way to invest this. Teetering on buying properties cash so we own them free and clea...
Logan Turner
Who provides receipts or current balance on seller finance deals?
Ok so I bought a house cash, fixed it up and sold it with owner finance. Now the new owner is asking for monthly receipts of mortgage payment.
Is there an obligation for providing this? Should I be sending quarterly...
Jordan Archer
Will a bank refinance a home you bought with a wrap?
Hey BP,This is something I want to know in order to reassure some of my buyers...So, I want to buy/acquire homes subject-to. I then want to find a buyer (one who can't get conventional financing/loans) and sell the pr...
Account Closed
Property is not cash flow positive when rent x 75% then what calc
If a property is not cash flow positive when rent is multiplied by 75%, then how would a conventional lender add this calculation into your DTI? Example $4000 a month 12 month lease signed, actual monthly debt is $327...