Joe Splitrock
CDC Eviction Moratorium Extended to July 31st
As expected the CDC extended the eviction moratorium a month to July 31st and I suspect they will extend it again in a month. The reason cited is basically that some state governments have been ineffective and distrib...
Tony C.
Bought REO with existing occupants who created fraudulent lease
Hi BP, I recently purchased a REO property in Georgia. The occupants who are currently living there I suspect are squatters. I've seen the house and it's a total mess. Police have frequented the property on many occas...
Chris Martin
No need for an operating agreement, just ask a lawyer
I ran across this that came out of the Special Superior Court for Complex Business Cases, Cumberland County, NC.
Preamble: "An old saying declares that “the cobbler’s children have no shoes.” Lawyers may suffer from...
Miranda Crown
Roommate laws, same as other tenants?
I currently have roommates "with privacy." They basically occupy two bedrooms with a bath in between, one of the rooms converted into a modest kitchenette. We have a door between our "units". I set up a lease (simi...
Mike Neubauer
Probate records admin or exec deed?
I primarily purchase homes via short sales. We do a lot of direct mail marketing. I am looking to start marketing to probate leads. I have found in the court records an administrator deed filing and an executor deed f...
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 ...
Milton F.
Need advice seller going through bankruptcy
Hi BP,
I need your advice. I just received a call from
a seller that is currently going through bankruptcy. She said her home is no longer in foreclosure due to filing for bankruptcy. She said 140k is owed on the hom...
Steven Barr
Occupied or unoccupied BRRRR houses
Are y’all looking for houses that are vacant (and basically unlivable)? Or houses that are currently occupied but could use some work? Or both?If occupied… are you buying tenants out of their leases? I imagine hard mo...
Jenifer Levini
Wondering about forming Delaware Series LLCs in California
Has anyone started up and run a Delaware Series LLC in California? What are the pros and cons? It looks like having the "series" which allows many LLCs to be operated under one umbrella LLC would be much more economic...
Wei Xie
California rent return with dispute among unrelated roommates
Dear fellow BPers,I have a house that leased to 4 tenants in California. Unfortunately, their relation broke down and were disputing about anything. In fact, one tenant is already threatening to sue another in a small...