Michael Lauther
notice of pendency of action NY
What kind of letter is necessary to make the lender prove they have ther right to forclose?
Adnan H.
Deed restriction for 30 days
I am in process of buying a wholesale deal for the first time. I have deposited a $3000.00 and waiting on closing next week. The wholesaler called yesterday and let me know that because this was a short sale deal ther...
Nelson M.
How to collect a judgement without much information on the tenant
Hello BP, I started investing back in 2015 with the purchase of a 3-family property around the Northeast Pennsylvania region and admittedly made some rookie mistakes. A few years later I found myself in court to evict...
Sandy Uhlmann
In Missouri, can owners of LLCs manage their own property?
I own a handful of rental properties of which I am currently managing myself. The properties are not within an LLC because they are traditionally financed. I have an LLC set up mainly as an asset protection vehicle...
Marc Biedenkapp
House flipping: business or investment?
Hi there,I have bought and sold 2 properties over the last 3 years. My tax agent just told me that I would have to pay 15.3% self-employment tax since it's considered a business. But 2 houses in 3 years can hardly be ...
Robert Harris
Help with owner and encumbrance report
I am interested in a foreclosure auction and had a PRELIMINARY TITLE REPORT ran on the property.However i am having trouble understanding it. I XXXX'd out the names:Can someone dumb this down for me?Outside the costs ...
Mike Lynch
Help with 1031 exchange question
Hi,I realize that I cannot exchange investment property for a Personal Residence.I was told that I can do a 1031 exchange for a rental or business property.For instance: What if I purchase a "Bed and Breakfast" or cam...
J Scott
Transfering Title
I just purchased my first MH (bank owned) and am in the process of selling it with owner financing...
I assume that when the bank sends me the title, I will register it and pay the transfer fee (I don't yet have a de...
Geoff Pettis
Help! I own an investment property with my family and we disagree
As a property manager I have customers who own investment properties with family members but they don't see eye to eye with that family member when it comes to the investment property. I'm sure we have all heard stor...
Carlos Nunez
Renting to a tenant with a Bearded Dragon lizard
Hi Utah BP Community! The tenants in our SFH are ending their contract early and are marketing our property to find someone to take over their contract. They have a tenant who is interested who has a Bearded Dragon....