Vy Mai
Don't understand the wording on the lease agreement
I received the standard tenant at will lease agreement from my real estate agent. There's this part that I don't understand."The LANDLORD shall pay all charges for water and shall reasonably supply hot water and heat...
Rodney Woodruff
File LLC as Pass Through Entity or Seprate Entity?
The LLC did not purchase any properties but did incur expenses. Do I need to file the entity separately from my personal filing?
Cody Adams
Fix and Flip in Canada
I was recently reading an article related to house flipping in Canada, there is a new law that states that any profit made on a home which is "flipped" will be taxed in the same tax brackets as employment income. From...
Mike X.
What are most important clauses to have in lease agreement
I'm working with generic lease template for Florida to create custom lease and was wandering what are most important clauses to have in lease agreement from landlord prospective that are often overlooked but may be b...
Account Closed
Lead Based Paint Disclosure Question
HI BP, My partner is looking to purchase a home and the contract includes a risk assessment contingency shown here http://i.imgur.com/y6Inpo8.png "Contract of sale is contingent upon risk assessment or inspection by ...
Steve Muise
Clarification on cash out refi when there's an LLC
Here's an answer I got from a lender when I questioned the rules for a cash out refi on my rental I recently deeded in to an LLC. I thought this may be helpful for others:In regards to the question about seasoning. T...
Tina Hartman
Loan Mod & Non Recourse Loans
We have heard that if a homeowner accepts a loan modification and the loan is a purchase money loan, then it changes the non-recourse status of the loan and the bank can come after them for the deficiency if they defa...
Wakes Andre
Extending lease contract with tenant without realtor involved
I have a rental property in West Palm Beach, FL area. The lease contract ends in a couple of months and the tenant would like to stay for another year. The tenant has been living there for 4 years already and I have a...
Christopher Manno
Clarify and explain Private lending payback
Hello! With private lending or hard lending, please clarify how the loan payback with interest tactically happens after you add value and fix up the property (BRRRR) then bank refi? Lets say you commit to 5% interes...
Dan Waugh
Maryland < Harford Co REI's?
I'm waiting on a response about REIA-MD meetings but wondered if there were other avenues. Maybe unpublished groups? Maybe someone knowledgeable for dinner with me and my gf to get us started. Reading and writing is a...