Sam Booth
LLC to get funding for fixers
I am being told by a few financing companies that I need an entity (like an LLC) in order get a Bridge loan of fix and flip loan. (I currently have properties in my own name with conventional mortgages). Has anyone an...
Alex R.
What is the norm for ownership and sharing the cash flow when three partners purchase an income property?
What is the norm for ownership and sharing the cash flow when three partners purchase an income property?
Let’s say one does all the work, the two others come up with down payment.
Is everything going to be divided ...
Nick Anderson
Austin TX House Hack Questions
Good morning BP community.
My fiancé and I are going to be purchasing a duplex owner-occupied property in Austin, TX this Fall. A few questions I am looking for some advice on from this community.
1.) Currently cons...
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What is Landlord Insurance
what is it for? Lets say you get a vacancy and you can't find a tenant for 3 months, does it pay the rent while you find a tenant? Or does it just cover you if the tenant damages the property? Thanks
Mike Landry
Usda issues on a flip?
i have a house i was originally going to keep but am now going to sell it. I have an offer with a usda loan that i have verbally accepted. The house qualifies and i know it can take a little longer. The problem i am c...
Sharee Mitchell
WLO seller documents
I noticed a lot post say I need a LOI, Lease and separate Option for the Seller. What is the reason for the Lease and Option?If I am only assigning the Option why do I need a Lease signed between myself and the Seller...
Jonathon N.
Do I need a broker license to start a property management company
Why would I need to go through all that schooling and time to do something fairly straight forward?
RANJAY SINGH
Is this acceptable for FORTE to ask for lease contracts?
Is this acceptable for FORTE to ask for rental lease contracts while you signup with Buildium and after tenants make rent payments before the $$$ is deposited into my bank account? They are holding my money and I am h...
Account Closed
Wholesalers in WI - RE License?
From my research, Wisconsin laws surrounding broker status appear to be more transparent and strict as compared to many other states. So for those wholesaling in WI, have you obtained your RE license?If not, what is y...
Barrett Lund
Newbie Landlord Dealing With Tenant Requesting to Break Lease
I leased out 4 of my units to a single renter who transformed the units into STRs. I was fully ok with this, as I wanted to be as hands-off as possible. Long story short his business or business model is failing and h...