Steven Segal
Lending - Attaching a mortgage - Illinois
I am doing a deal where I am lending 90K to a group. I am looking to attach a 30K mortgage to three investment properties they have with sufficient equity.Any idea on how much this would cost?They offered personal gua...
Thomas S.
Working My Way Through Potential Fraud - Bad Lend
Good morning all,I have been doing gap lending for a few years to a fairly local LLC. They did a few successful flips and paid me according to the contract we drafted, which was good.I have two houses I lent for (prom...
Kashif Ali Khan
Need help : Multiple lease violations by tenant
My last tenant who left on April 1,2023 did not pay rent for two consecutive months. Plus they kept two dogs in the house while lease allowed only one. They also said the allowed dog was trained and certified ESA. How...
Jake Kucheck
Lawyered!
Well it had to happen sooner or later...
One of the properties we bought at auction responded with a strongly worded letter from the attorney that was trying to prevent the foreclosure. This was to the effect of the...
Brian Reynolds
Mechanic’s Lien- Help.....
Hello BP community! I’m reaching out to you all for some help/ advice on what I should do next. Here’s the situation, I hired a contractor for a fix and flip project in Cincinnati, OH. It was a full renovation (new wi...
Dawn Hall
Getting insurance in LLC name
I am going to buy a property with a SDIRA. Will need to insure it. The IRA is in an LLC. Since I cannot have anything in my own name, the insurance would be written to the name of the LLC. Are there any special co...
Maggie Shortridge
Renters Want to Pay 1 Year Rent Up Front
Hi. I have a home in a highly desirable residential neighborhood that I rent out. (I used to live there, but got married and moved into my husband's house.) My former tenants recently moved out and I relisted it t...
Caitlin Worrell
Appraisal confusion - opinion of market rent
Can someone help me understand how appraisers generate the values during the appraisal process? I am reading our appraisal report and trying to make sense of it.We own a duplex and occupy one of the units. Back in Nov...
Yoochul C.
PM Termination Fees = Robbery
Just found out that through a buddy of mine (and other research from asking other PM's) that these PM's charge an exit fee or termination fee to get out of a contract. Sometimes these fees can be very aggressive. Eve...
George P.
So whose fault was it?
Jury gives woman $1.25M in lawsuit over mortgage
Whole story here -- http://www.bizjournals.com/baltimore/stories/2008/08/11/story8.html?b=1218427200%5E1681713
When do we start being accountable for our o...