Benjamin Ford
Basement Apartment Rentals
I currently live in Falls Church, Virginia (Fairfax County) and am thinking about converting my basement into an apartment and renting it out. I think there may be Fairfax county rules against this, but I am wondering...
Paul Beauchemin
Why not to be a San Francisco landlord
The laws bar landlords from raising rent above 33% of a tenant's income
http://www.latimes.com/news/local/la-me-san-francisco-rent24-2009jun24,0,568083.story
Karl Marx would be proud!
Dave Park
Foreign Investor money for US Developers
Gents, I have run into some Chinese investors looking to invest money in US market.. not homes, but large developments. My broker told me that I would need some sort of a financial/investment license to move money i...
Daniel Lambert
Laws surrounding Subject to/loan assumption
I was doing some research but wasn't coming back with anything form a legal stand point. But are their laws that restrict when one is allowed to do a subject to deal? Ie. does the seller need to be in, or close to, pr...
Jessica H.
Liability Insurance for Property Manager
Hi all,I'm reviewing property manager bids, and in a couple of contracts, I've found the following clause:Carry and pay for: (i) public and premises liability insurance in an amount of no less than $1,000,000; and (ii...
Vindy Ma
Month by month rent
Merry Christmas to all BP!I got headache recently. I bought my first single family (3b2b)in May this year in Nashville,TN and live here. I did Airbnb immediately after I bought it. My problem is I didn't check the law...
Masashi Borges-Silva
Can an real estate attorney practice in multiple states?
As the title says, does an attorney need to be licensed in the same state as in the state where I am buying a property?For example, I am buying a property in New York state, and I must hire an attorney who practices i...
Camden Smith
Must my investors be accredited investors?
I want to syndicate a deal that will be around $600,000 (2 duplexes). Must my investors be accredited investors? What are the rules regarding this.I plan to pool the money with a few friends of mine. Can we do this wi...
Jeremy Tran
HOA Attempting to charge a "Leasing fee"
Hi Everyone,
I purchased a new-build townhome by Meritage Homes in 2021, during the initial phase of the community development. This is my first HOA property. At that time, there were no rental caps, and the HOA docu...
Christina Linn
8-Plex buy and hold in Wyoming
Investment Info:
Large multi-family (5+ units) buy & hold investment in Rawlins.
Purchase price: $345,000
Cash invested: $75,000
8-Plex with 1, 2 and 3 bedroom LTR units.
What made you i...