Chris Adams
Assignment of Rents agreement question
Closing a loan in a few days and as usual there is a Assignment of rents agreement. But this sentence, which I see in every assignment of rents agreement, pisses me off.
LENDER'S RIGHT TO RECEIVE AND COLLEC...
Minna Reid
Need advice on a potential deal
Guy calls me yesterday, going through a divorce they want to liquidate fast. From my number crunching we're in my ballpark at a 1900 sq ft house, I'm going to check it out in a few hours. Now heres the problem. The to...
Trevor DeSimone
Policy for Detached Garage and Basement in a Duplex
Hey Bigger Pockets Fam,Need some advice in order for me to implement a policy for a duplex basement and a detached garage. The background is I purchased a multi-family property, a stacked duplex in the outer suburbs o...
Greg P.
Need some help please
Hello, I'm working out of our capital city here St. Paul which has the most investors. I'm looking to wholesale these by double closing. The problem is with St. Paul they have a thing called "code compliance" and m...
Mitchell Heddings
No Junior Lien Clause
Hi, Guys. I have a question for any attorneys & mortgage gurus out there, that might be able to help :) Recently... I obtained financing for a project and noticed an interesting clause at closing. Basically, it sa...
Benjamin Sulka
Seeking Advice on Legal Obligations when Leasing a Tenant
I'm brand new to real estate & am looking to start investing in small multi-family in my local area when I graduate college in the summer of 2023. Before you look for a tenant, you obviously need some sort of leas...
Ryan G.
Landlord ? for CA Rental with util included
I have a SFR with 2 units. There is only 1 meter for utilities at this property so utilities are included in the monthly rent. I have verbiage in the signed lease as follows:
Utilities – Reasonable utilities are in...
Nolan Mahoney
MARIJUANA use in rental in IL
Hello, Since marijuana is recreational in IL im a little perplexed on how i should go about it in my rental. Since its legalized i cant ban the use of it onmy property right? Also in the lease agreement i have a no sm...
Todd Handriegh
Closing with a public encroachment
Working on our first investment property purchase. We're under contract less than 4 hours so far, working towards closing with a conventional loan.The property is over 100 years old and has a detached garage that app...
Sharad Bagri
Is accredited investor a requirement for multi family unit purchase for investment?
It looks like only accredited investor can invest in multi family investing. Is that strictly enforced? What if a married individual has income of $200k+ but the spouse is not in workforce, so that is the total income...