Joe Jor
In-law Suite - Westchester NY
Does anyone know how Westchester County defines an in-law suite? Is this a legal description or just a marketing term? What separates this from a "regular" unit? There is surprisingly little detail on the internet ...
Martha Daisley
What is the liability in holding a note?
HelloFor any real estate attorneys in the group. What is the liability in holding a note?I am getting ready to start buying notes from a private lending company. The notes are all backed by investment properties and t...
Charles Johnson
private money contracts
This is my first time using private or hard money and I came across a lender who sent me their proposal sheet and Im not sure if this is typical or a good deal for me since im used to borrowing from banks or self fund...
Amad Osman
Pennsylvania Confession of Judgement
Hey Guys,I was closing on my first multi-family in PA the other day and the lender had me sign a confession of judgement tied to the loan. It was the first I ever heard of it and after closing I researched it. After r...
Andrew Steinhaus
Terminating Property Manager Mid-Contract
Hello all, Long-ish post- reader beware:Currently having many issues with a PM that is bringing me close to firing them after only three months of the contract and looking for advice. Background: Hired PM in October, ...
Alexander V.
CDC Eviction Moratorium - Some Comments and Suggestions
As many of you know, President Trump signed an executive order in August that, in addition to other tasks, required that"The Secretary of Health and Human Services and the Director of CDC shall consider whether any me...
Johnathan Boyle
Good tenant on hard times NJ
Hello BP,
This is a late post but I wanted to gather the intelligence of the community on an issue I'm fighting with consciously. I know there are several alternatives to this but I wanted people's input. So I have a...
Tim M.
Private lending @ 10% in Oakland, CA - good or bad deal?
Hello BP- I'm a first-time investor in Oakland, CA. I'm in contract on a duplex that I plan to owner occupy. The building is in extreme disrepair and needs extensive work, foundation, full remodels on both units, new ...
Peter Tavolacci
How to switch management companies
Hello Team - what is the best way to switch management companies? We currently have two management companies covering our rental properties and we are thinking of consolidating all into only one of them and halting bu...
Daniel Patton
Employees: W-2 vs 1099
What are the tax benefits/downsides to making someone a 1099 employee vs a w-2 employee?