David Ptak
General Partner on Motel Investment has gone silent!!!
I participated in an investment in a motel property under the Brand "Extend-a-Suites" in El Paso, TX. The GP named David Gerlt out of Newport Beach, CA used Quinalt Investments, LLC as the operating business for the i...
Steve Sdre
getting out of lease problem
This is the problem. I rented an apt, signed a one year lease. Due to death in family had to leave after 5 months. Offered the landlord to pay an extra 2 month rent to let me out of lease, they refused. They said only...
Phillip Scalise
Self Directed IRA or Withdrawal my money?
I have a Roth IRA, and was thinking of taking it out this year to avoid the penalty (CARES act) and incest into rental properties. I plan to then scale up using 10-31 exchanges to defer the capital gains taxes. I know...
Matthew Trotter
Convert first home to rental property
I have a question where I'm not sure of the legality. Looking for your helpful advice.Here is the plan: I purchase my first home for $100k. I use $10k from my Roth IRA as part of a $25k downpayment as a first-time hom...
Larry Williams
Tenants and Breach of Contract - Early Termination
Greetings All.I have a townhome rental in Lewisville, TX, with the following situation:-Tenants (husband and wife) signed the Texas Association of Realtors Lease Contract.-Two year lease commencing on March 15, 2016.-...
Mike Trupiano
Is it Legal for our Mortgage LLC to offer incentive to Realtors
I have just launched an LLC mortgage lending business with my brother.I want to make sure it is legal to offer the realtors we are working with a referral fee for each client that closes on a loan from us.This could r...
Laura Alamery
Flipping Contracts/Properties
I agree, flipping contracts is a good way to start out in real estate, however you have to do it the right away so you will not get burned. I have taught the process for years in my seminars and coaching.
There are se...
Emma Zhang
Ask penalty due to the early termination by the tenant
The lease is for 3yrs, still 2.5 yrs left. Because the couple living there is getting divorced, they want to move out and terminate the lease by the end of Fed. I used a simple template of the lease agreement without ...
Toks Akindele
Putting Eviction Award to landlord on Credit Score sites
Hello there, has anybody done this before. If you evict a tenant and the courts gave you back possession and also awarded you the financial judgement you had asked for (unpaid rent and paid fees) which the tenant can'...
Sarah Albert
Tenant wants to break year lease after 2 months
We had a tenant sign a year lease and move in on September 1st. They messaged us yesterday saying they’ve had a “drastic life change” and want to break the lease already. What would you do? Say no to breaking the leas...