Account Closed
We buy your house for cash - whats the angle ?
Just got this in the mail, an advertisement from MontrealHouseBuyer.ca
They're offering cash to buy your house. I'm trying to understand what's the angle here.
Are they basically buying properties off of desperate...
Martha Blumel
Exit strategies for pre foreclosure 4-plex other than Shortsale?
I just heard back from an owner of a 4-plex, that I originally contacted late last year. He is ready to move forward. He has not made payments on the property for years, had filed BK and no LP has be filed yet (as far...
Michael Zack
Credit or Income - Which is more important?
I just had someone apply for a rental unit that I own. He is a Boston Firefighter and also owns his own landscaping business. He more than meets the 3x rent requirement for income and I got a good vibe when I showed h...
Bridget Smith-Osbourne
How To Obtain Criminal Report For A Tenant
Hi Bigger Pockets,I need some help!!! I need to know how do I go about obtaining a criminal report for a potential tenant I am considering renting to. I've tried contacting the local police department to no avail. I k...
Cam Smith
If I add a childs name to my house title as a joint tenant how do I use the lifetime gift tax exemption?
Hi everyone, I was thinking about adding my son as a joint tenant to a rental property I own, If I do this it would probably be the equivalent of a $30,000 gift. I heard that there is a life time gift exemption o...
Patrick Reagan
Oil tank contaminated soil/clean up costs
Just got a call from a seller in New Jersey, who had a below ground oil tank removed but the soil is contaminated.What would be a rough estimate to clean up the contamination?
Mike Landry
when to get an umbrella policy?
I just want to get some opinions. For a new investor starting out, when would be a good time to get an umbrella policy? When you hit a certain number of properties? 2 houses, 6 houses.When you have a certain net worth...
Jhansi B.
tenant withholding rent saying landlord hasn't fixed the items
Here is the story short. Rented single family home in March and the tenant was late in payment in May (which I gave her grace period and first time late fee waiver) and again she was late in June but said that she pai...
Ethan Painter
Placing Rental Properties in LLC's
Up until this point, I have only flipped houses, but I want to begin searching for rental units to purchase. I have heard it is best to start an LLC for each rental property you purchase, so that if you get sued, they...
Jonathan Robinson
The Law side of things!
Thanks to some of you guys I have gained the confidence to move on and do a little networking and marketing to work on finding some owner financing possibilities. I am going to try and find a lawyer to help with t...