What do ya'll make of the documents that apartment syndicators’ attorneys create? It seems like page after page after page of information, yes, but primarily indemnifications and worst-case scenarios. It’s mind-boggli...
Hello Everyone
First post on bigger pockets. Thanks in advance for all of your replies. I've got a question about an hoa disclosure I was provided by a seller. What first brought me to this deal was the low monthly h...
We just closed on our first flip and I have monstrous folder of receipts and invoices. Do you keep everything on an excel spreadsheet? Do you scan the receipts electronically so you don't have a paper folder? I can...
If a title is clean after foreclosure, do you need title insurance when purchasing?
We have been in the rental business for four years. Up to this point figuring out deposit refunds have been relatively easy. I was looking for your input on how you would handle this situation. There is multiple holes...
So, I finally decided to start an LLC. After much debate and discussion, I decided to use my local attorney to do it. I checked with a tax advisor and they said all the start up costs are tax deductible, which makes...
Hi, Guys. I have a question for any attorneys & mortgage gurus out there, that might be able to help :) Recently... I obtained financing for a project and noticed an interesting clause at closing. Basically, it sa...
Hello everyone, I am a new landlord in Michigan and the time has come to renew my first lease. So I've come here to learn and gather any suggestions or comments on best practices on how to do this. A few questions I...
When I was looking at a house with a Realtor the seller showed up. He talked a lot and one of the things he said was that he'd hold the note. Later I asked the Realtor to follow up with that and she reported that he...
Hi BP Mortgage pro's,
theoretical scenario: a doctors loan was used to buy a primary residence rental portfolio piece, while talking with the loan officer @ big bank name about how it would be used as a rental portfo...