Jojo Joy
Series LLC question
I am looking into forming a series LLC. Incorporate a Texas LLC having the general partner as a Wyoming LLC. I will be the general partner for the Wyoming LLC. I will be running this structure, doing business in Texas...
Calvin Lin
Holdover tenant from last owner, not paying any longer
Hi,I purchased a 3BR condo in Raleigh, NC closing on 9/25/2015. There are 3 tenants in the condo and one of them mentioned to the last owner that he was leaving by end of Sept. During closing the former owner asked ...
Delia Rhinehart
Breech of sale agreement? Seller decides not to sell
I have a purchase/sale agreement on 4 multifamily properties in TN. The closing is in 48 hours & everything is in order, ready to close. Today, my agent & I received notice (email)from the seller's agent that ...
Jack H.
Reasonable Carpet Cleaning Fees
We have a friend who recently moved out of their rental in Virginia. Its a 4 br / 3 ba SFH and about 3,000 sq ft and no pets. The landlord kept their entire security deposit including $1,950 for carpet cleaning. That ...
David Felt
Water Damage - Washer and discharge hose
Hey All - One of my tenants ran a load of laundry and forgot to put the disscharge hose in the utility sink for when the wash drains. Instead when the washer drained water went everyone. There was water in the utility...
Jay Hinrichs
BP community let me know if you think this is a legit lender
I got this in my inbox on BP would you respond to this and think this could be what your looking for in a private lender.???Hello,Have you been searching for a legitimate loan from a private lender with no success?Se...
Account Closed
Garage into Bedrooms...Legal or Illegal?
Lets say there's a two car garage connected to the home itself using this property as an example: 2292 S Sherman St, Denver, CO, 80210 | realtor.com® (strictly an example to imagine) Is it legal to physically demolish...
Mark Mynhier
Difficult contractor
Question: How do you deal with a contractor who balks at doing repairs that an inspector says are "safety issues" and is weeks behind in the rehab? It would be real easy to be hard nosed, but he is also working on ano...
Michael Vaughan
Rookie Mistake. PLEASE HELP
Hi,
Not sure where I should post this question. I have a property in La Marque, TX that I purchased for $65K with a $55K rehab draw. I met a general contractor working on a home close to my house. I asked him to chec...
Andrew Grimmett
Grandfathers Property I want to Rent
This is actually my Grandfather's property that I am trying to get him a monthly cashflow since he is now in an assisted living situation. He gave me the property (through a Quit Claim Deed) but his name is still on t...