Tom J.
LLC's and Bank Accounts for Property Management Company
Hi All,Currently I am a Property Management Company with 20 units that I manage. At years end I will be forming an LLC and creating new contracts with the owners under the newly formed LLC.My plan is to just have 1 LL...
Bill B.
FHA 2010-23 refi
Hi,My partner's corporation and my corporation are in a JV that owns a note in Ohio. The JV is in forbearance on that note. The JV has been receiving payments (through a well known servicing company) on time since A...
Karen M.
Some basic questions
Hi BP Friends,
I have a few basic questions about buying a building that has existing tenants.
So, if I was to buy a duplex or multi family that has tenants in it.... what happens?
1. Do I inherit their leases or...
Tim Kaminski
Frustrated DIYer with Permit Issues
BP,Located in St. Petersburg, Fl. Am under contract with a single family home that I plan on adding a bedroom to. I work for a construction company and am quite handy, but county is saying I can’t do any work on these...
Tre Holland
As-is Negotiations: I need some quick opinions
Hi, I'm looking for a few opinions and little in-sight on my current situation.. Sorry explaining this all is pretty lengthy but I REALLY need some advice.. thanks in advance =)So here's the deal: The wife and I made ...
Francesco G.
NJ Green Card 4 Plex
Hi guys,Question regarding state green card. I'm analyzing a property that is 3 apartments and 1 commercial space. Owner occupied one unit, and daughter a second unit. They are saying they didn't need a green card...
Paul S.
making appliances tenants' responsibility
Hi everyone.
In the past few years, I have had to replace quite a few appliances in rental properties. I find them to be a big financial and time drain for me. I also don't like the time pressure from tenants when ap...
Gavin Pelkington
HOUSE HACK DUPLEX ADU
Looking for Advice!
Current Situation: I currently own one single family rental property that cash flows roughly $500 a month. I am also in the middle of purchasing another single family property that was more of an ...
Kaushal M.
Required wait after property purchase before transferring to LLC?
Hello,I purchased a property in our personal names (my wife and I) about 1.5 months back. But shortly after, I decided to open an LLC, and that process is done.The lender does not have any issue with transferring the ...
Christine Glasner
203k & contractor question
I hope I'm putting this in the right forum. My husband & I looked at a house this weekend that we are very interested in for ourselves. It needs work and we would like to do a 203k loan. I asked a contractor...