Terry Lao
HOA fee increase approved by Board and rejected by owners
I am on HOA Board that has recently proposed to raise monthly HOA fee from $695 to $1411. The raise was due to mismanagement by management company, late bills, and legitmate expenses. The increase will make current ow...
Jay Hinrichs
Wholesaling assignments and double closes are now illegal in South Carolina
OK folks I have real world experience at this. This morning I went to wire in funds for my clients to buy a property in SC.And because it was an assignment contract to ME as the buyer.. I got a call from title compan...
Brad Hasseler
Working to buy a house before foreclosure second mortgage issue
I'm working with a family to purchase their property before they go to sheriffs sale. The price will be what ever is owed because they are also in bankruptcy. The catch is the second mortgage on the property. Accordin...
Jessica Sultani
Is forming an LLC necessary
My husband and I want to start flipping houses. Do we need to form an LLC and operate as a business or can we just buy/fix/sell under our own names?
Stephen Polizzi
Multiple Condo Deal - Opportunity or Trap?
My direct marketing campaign yielded a motivated seller of some condos local to me that I'm interested in acquiring for buy-and-hold rentals. The complex is a single 15 unit building in pretty good shape physically, ...
Lauren Brychell
Unraveling the Nuances: Delaware Statutory Trusts vs. Deferred Sales Trusts
Investors seeking to optimize their assets, defer taxes on large capital gains, and secure their financial future often explore various trust structures to achieve their objectives. Two popular options that have gaine...
Scott Graham
Cost to Start an LLC in MA?!?
Hi BP!My partner and I are within a week or two of opening an LLC in the state of MA. We are going to apply for a small business loan to open the LLC and for any additional start-up costs. Based on your experience, ho...
Spencer Gray
Condo Deconversion Project- Lessons learned?
We are hoping to have a fractured condo project under contract to purchase in the coming days/week and I was curious who on BP has executed a condo de-conversion before? We have significant experience in more typical ...
Mark Smith
Buy & Hold Partnership Structuring
Hello all!I am in the beginning stages of forming a partnership with another BP member, so I'm looking for some advice or suggestions on how to structure the deal. I would only be bringing 10-25% of the up front cash...
David Levin
JV Operating Agreement Help
Hi all! Does anyone have a JV agreement used in IL they can share? Or a standard OA for a JV? I am looking at options and also trying to create my own but would like a comparison and/or use a better option. I do have ...