Benjamin Lemieux
Question for attorney about legality of financing
Goodmorning Biggerpockets,*Note* I intend on consulting my actual attorney this week, but until I hear back my anxiety needs an answer.Basically I'm questioning if what I am doing is legal. It was the loan officers su...
Steve Ehrman
Qualifications for a C property tenant
We have units in the suburbs of Detroit. Lately the quality of tenant that we have had applying has been less than desired. We look for a 600 credit score, 3 X rent in income, no negative landlord reviews, etc. Our...
Rishona Lebovits
Splitting realtor's commission?
This is my first post on the forums, being a very newbie to REI. My question relates to the purchase of our first home, not for investment. We have begun working with a realtor, but may have found a for sale by owner ...
Mark Devereaux
Single Tenant Net Lease deal
My wheelhouse is single family and multifamily properties. I am looking to get into smaller commercial net lease properties. The theory is to trade some of our built up equity for less intensive management. This de...
Victor Saumarez
HOA Budget Surplus
This is a hypothetical question. Say you sell a condo and the HOA subsequently informed you that there was a budgetary surplus on the account. They email all homeowners that the surplus is to be credited to their acco...
CJ Z.
Landlord Responsibilities during weather-caused power outage
Hey BP Landlords,Does anyone have experience with landlord responsibilities during a power outage caused by weather? I had a tree come down on the power line to the multifamily last night. The utility company should b...
Jason A.
Managing the managers – lease renewals & rates
Hi all,Wanted to share an experience I had with one of my property managers this week and would appreciate your feedback. I am newer to the game – having purchased four SFRs all in the last 10 months. I have a lease...
Yaniv Sigler
New user need advice
HiI have been following Bigger Pockets and reading real estate books for a while now and feel like it's time to put that knowledge into action.I live in Los Angeles and started a business on January this year.I manage...
Aksel A.
Operating Agreement - Right To Enter Loan
Greetings,I got the following feedback from underwriting:DOCUMENTS DUE AT CLOSING AND FOR SIGNING:- *Amended Operating Agreement to reflect Member-Managed signature block is needed. There has to be an area regarding t...
Ray Chambers
Deposit and first/last months rent
I have 2 properties I am putting under management.One is a duplex that is already rented. The current tenants have put a deposit and first/last months rent down.The property manager has that money right now. I want to...