Linda L.
What you should be concerned as 1st lien holder if there's 2nd loan?
Property appraisal value: 265K
Borrower's down payment: 79K
You 1st trust deed: 132K
Seller: 2nd trust deed: 70K
Two year balloon
In addition to the high combined loan to value, what e...
Todd Blyton
Has anyone used the Series LLC in Wisconsin?
I am debating on setting up an LLC for holding my Wisconsin property. I am Looking at getting my second property sometime in the near future. I have read that Wisconsin has a watered down version of the Series LLC l...
Greg K.
Me vs. the local Real Estate Cartel
Just wondering, does anyone on BP make money from RE, but actually acknowledge the simple points outlined in this site:https://www.caare.org/The site clearly and concisely absolutely exposes all of the worst things ab...
Stacy Davis
Known Lead Issue In NH
I was wondering if I could get some help. Found a 3 family property in Concord, NH. Just before we were going to put in an offer we were told there was a known lead issue from back in 1999. We now hesitate to put an o...
Aaron Montgomery
Questions to ask CPA/Lawyer
Hello everyone, and thanks in advance for your answers!My wife and I are just getting started in REI, and want to make sure we are off to a solid start. We’re planning to form an LLC, taxed as an S-Corp. to that end, ...
Jesse Petrillo
Home Inspection Dilemma - 24 Hours to Decide (pics included)
Hello all,I'm in the process of purchasing my first single family rental property as a long-term buy and hold. I'm located in CT and purchasing in the Atlanta area, so I can't see the subject property in person. I rec...
Shaun R.
My first deal... finally
I just completed my first deal after years and years of taking no action. It's not a homerun, but it's my first and I'll take it. I bought a REO from the MLS with a partner. We were originally looking at cheaper con...
John Thedford
Dear FL Tenant: I Intend To Impose A Claim On Your Security Depos
First: security deposits do NOT belong to the landlord. They are exactly as stated: security deposit.They MUST be housed in a FL financial institution per FL statute. They cannot be co-mingled.Now, your tenant left "d...
Christian Rojmar
Tenant going through hardship
Good morning BiggerPockets,
Would love to get your input on how to deal with the following situation.
My tenant for the last 7 months whos lease will expire at end of May next year just called me and told me that on...
Jake F.
Seller's Agent Trying to Assign Us Buyer's Agent
We have bought and sold several properties without an agent. We contacted a seller's agent and asked to view a home. He said he was out of town and would send Susan to open the house for us. Susan opened the door for ...