Lisa Wilson
Accepting Rent Payment from two Roommates - Question
Hi, I am renting a townhouse to two individuals (an unmarried couple). Both of their names are on the lease. One roommate has set up auto payment via our banks. She submits her half of the rent; I get a notification a...
Logan Jamieson
Senior Living Apartment Finances
Hello all,I am a long time lurker on Bigger Pockets. I grew up in the real estate and hotel business, own a small general contracting company and am close to obtaining my nursing home administrators license. As many...
Jason Yarusi
Who is the best Flooding service contractor in NJ
At W.A. Building Movers and Contractors, we know that there are a lot of questions when it comes to house lifting, especially in areas like Long Island that were hit hard by Sandy. Here’s some questions and answers in...
Andrew Hunt
Partnership LLC for House Flipping
Hi all -Do you have any tips on the best legal structure on partnering for a fix and flip?I met with another rehabber yesterday, and we'd like to pool funds together. We'll be using hard money on most flips. Our plan ...
John Schwab
Vehicle Accident Insurance Claim
A SFH that I rent out was damaged by a vehicular accident. The driver lost control and drove through the front door of the house. Fortunately nobody was hurt and the driver is insured. The tenant is still able to liv...
Vernell D Watson
Paying back a hard money loan question?
Hello All,I just got off the phone with a private money lender for a potential flip. He offered me 90/100. 90 percent acquisition of the property and 100 percent rehab up to 70 percent of the ARV. The property cost 12...
Timothy Munger
Downpayment on new commercial constructions
I apologize I'm screwing myself in my head right now on the math or how the bank views it.
Say if you have a vacant lot (you own) that already has design and basically is shovel ready (has permits)
Total project is ...
Caimon Bistis
Rentals without an LLC
Hello all,I recently bought a duplex without an LLC. After the purchase I opened an LLC with 1 other member additionally I opened a business account with that LLC. We used my other members credit card to finance the r...
Lucky B.
Former bank about to pay my property taxes.
I recently bought a REO property about 2 months ago and yesterday I received a tax bill from the tax collector regarding the annual property taxes. On the bill it says , the former mortgage company has requested a cop...
Michelle Romano
Loan company forcing you to pay for taxes on a P & I loan.
Hello - not sure if this is the right forum but will ask anyway. I have a principal & interest loan on one of my investment homes. I pay the tax and insurance which is clearly stated in the note. In the 9 years ...