ERIC E
anyone getting BOA approvals on their short sales?
Since they instituted a clause in their approval letter that says they will rescind the short sale transaction if the property is resold within 30 days . This is provision # 10 in their short sale approvals which is p...
Nicholas Morgan
Signed Pet Rent Lease...now registered as emotional support...?
Hello everyone, I have tenants who moved into a property back in November 2020 and signed a lease through April 2022. They had two pets and they have signed as part of the lease a section discussing an additional $75/...
Daniel Krotz
PROBATE
Hey guys,So I've recently been pulling probate files at the county court houses. I've pulled about 200 leads and have began a mailing campaign. I send out a personalized letter to the Personal Representative, and have...
Charles Kamen
Can I provide proof of funds for another person and charge a fee?
This is purely hypothetical but I had an idea that I could explore if it's even legal. My idea is to work with RE investors/buyers, and use my available funds to provide a proof-of-funds letter for their deals, and c...
Jordan Watkins
Purchasing LLC to get the portfolio of rentals
Looking at buying a small SFR portfolio. 3 properties, all have mortgages to the LLC that owns them. Looking at possibly just buying the LLC with owner financing their "equity" and me(only member of the LLC after pur...
Chris D.
Feedback wanted from Baltimore realtors on loans that fall out!
Hi BP realtors: I am doing some lending on flips in Baltimore County. I have a real estate license but do not actively list (no more retail for me)! Back in the prehistoric days (80's and 90's) when I was a listing ag...
Sean Dezoysa
Having to walk away from a bad "subject to" deal
I've read that the worst case scenario in a "subject to" deal gone awry is the seller & tenant sue you. But I'm not sure what they'd be suing for and what the potential liability is.
Has anyone seen or experience...
Patrick Reisinger
Forming an LLC for my business
I currently have 5 rentals (looking to grow) that are financed conventionally. That being stated, my lenders will not allow for me to transfer title into an LLC. Since I’m not able to transfer any of my 5 rentals into...
Austin Faux
Should I make offers before my Attorney checks my contracts?
I found a real estate attorney but things are just moving way slower than I expected. We found some good properties that we want to make offers on, but we haven't had our attorney look at our offer paperwork yet. We...
Zachary Moore
Flood Insurance - Taos, New Mexico
I'm closing on a duplex in Taos, New Mexico and found out the property was on the edge of a flood plain. The loan is requiring flood insurance. I was using State Farm for my homeowners insurance, but the quotes they...