Michael G.
Recourse options for Commercial Lessee for nonpayment
Hello BP!I'm trying to get out first commercial venture, a 3 unit office building purchased 9/2018, up and running smoothly but suddenly having problems with one of our tenants paying rent.Building was built in 2004 b...
Account Closed
Pet Wellbeing Per Lease
TLDR: Landlord added lease language for taking care of dog and has neglected these duties. Landlord is aggressively pursuing damages caused by dog and will not let tenant out of lease.I currently rent a basement level...
Marc M.
Checkbook IRA LLC Questions
Hello BP,I have a small (<$50K) Roth IRA that is currently 'self-directed' with Etrade to purchase stocks. I have read many posts on here about buying Real Estate with an IRA or Solo 401k (which I qualify for, but ...
Tyson E Keslar
Seeking advice on How to structure an RE partnership??
I am a remodeling contractor and have a long time friend/acquaintance with significant resources and capital. We are considering a partnership where he provides funding and I will manage the projects. Our focus will b...
Chris H.
Option Consideration Amount
How much should you give a seller for "Option Consideration"? Some legal sources state that it takes only $1.Some guru's say you don't need any money and some say they give the seller $100.What do you give the seller ...
Cal Rohrman
Over 80 liens on 5 units!
Hey guys!Recently, my offer was accepted for 5 units in Eastern Milwaukee. We found these deals off market from a seller who is looking to get rid of 150+ units (SFH & Duplexes). We found out that the city is maki...
Jeremy Lee
Parents want to gift their portion of co-owned property?
Hey all,My parents and I are tenants in common on a property we bought back in 2007. My wife, kids and I currently occupy the property and the ownership split is 25/75. My parents want to gift their portion of ownersh...
Michaela G.
If you were the owner, what would you do?
So, these kids rented rooms, even compared the name of the 'owner' with property records. Turns out that the 'landlord' was a scam artist, who scoped out empty houses, changed the locks, took on the name of the own...
Paul B.
How can/would you structure a $100K loan from four unrelated investors ($25K each)?
I'm starting to look for private funding. Thing is, it's going to be easier to find people willing to put $25K into this product than it will be to find people willing to put in $100K or more.
If I need to borrow $10...
Martin S.
Mother / Daughter. Ouch
I just placed a house under contract for 250k. The current market value of the 4/2 2100 sq ft house is 400k. House is in very good shape from the outside. The issue is that the daughter is estranged from the enti...