Mei Jiang
3-unit multi-family closing with NJ green card violations
Dear fellow bigger pockets investors, I am purchasing a 3-unit multiple family in Union County, NJ. The current owner didn't pass the green card inspection and they don't have time to fix them before closing. Does an...
Account Closed
Late Fees Are Illegal?
This is a link to an interesting subject regarding Late Charges.https://caltenantlaw.com/late-fees/The article, written by an attorney, states that charging tenants a Late Charge Fees is illegal and when you evict a t...
Ted Lanzaro
Self Directed IRA's and LLC's
A client asked me today, "If I am using a self-directed IRA to purchase an investment property, do I have to buy it in an LLC owned by my self-directed IRA or can the IRA purchase the property in its own name. I can ...
Na Wald
NAR + Listing Services artificial strong on the real estate market
Am I the only who is mad that one can not sell his own house without a middle-man? A middle man whose category has almost absolute control of the real state market, and thus the only way for you to sell your own prope...
Drew Denham
New GC for roof wants full payment upfront?
I need a new roof on my latest flip, NEW GC said he wants the full $6100 down because its not my primary residence. He won't sign the invoice until its paid in full (and I live across the state). I called one referenc...
Sean Mills
Seeking Advice on Rehabbing a Long Island Duplex: Costs, Contractors, and Mentorship!
Hello BiggerPockets Community!
I'm new here and looking to get into house hacking by rehabbing a duplex. The duplexes in the area of Long Island I'm looking at cost around $700-800k. I'm trying to figure out what ren...
Troy Welch
Legal Advice-1st Position Lender, Borrower Filed Ch 11 Bankruptcy
I have invested a large sum of money with a company (individual with
LLC) who has filed chapter 11 bankruptcy. I am the 1st position. I was
prepaid 1st 6 months of interest. 8 months have passed and no
additio...
Malcolm Brown
Buying subject - to and acquiring funds for rehab
Buying my first property subject- to the existing financing on property. Seller is the executor of original owner and has agreed to allow us to take over payments for 2 - 3 year term. With the loan in place, the sell...
Bernard Pearson
Contractor needed in Charleston/Summerville, SC area
Hello. I am looking for a contractor (or 3) I can speak with to discuss a property flip in the Charleston area. I’m in the process of going under contract and looking for a contractor/business partner who is dedicated...
Jody Hawkins
Owner carry question
I have a cheap little house. I have 50K in it selling at 65K. I have a buyer with 25K down that wants a 1 year loan @ 6% until they can get there affairs together for a conventional loan. I am almost seeing see th...