Levi T.
Why you need an LLC on your properties.
I've been in this business for years and years, hundreds of units and untold thousands of tenants later, someone finally filed a lawsuit against us for their deposit not being returned.The story is the tenant was inhe...
Prince Martinez
Confusion on adding units to MR2/multi family residential
I have looked into a multi family home in Dekalb County Ga. I was conservative in my deal analysis on this property. My main concern is being able to take the two largest units and essentially build a wall in the midd...
Jeorgia B.
Home in Foreclosure Limbo
Hello BP Family, I contacted a person listed as the homeowner of house that I noticed was vacant. When she responded to my letter she indicated that she filed bankruptcy 3 years ago and moved out of the house at that ...
Melanie Serrato
Will quitclaim deed from personal names to LLC trigger FHA flip rules?
Hello,
My husband and I operate an LLC from which we buy and sell (flip) properties. We've also purchased a few properties that were burned, torn them down and built new. This describes our latest project, ...
Kyrstin Szewczyk
Fencing parts versus labor cost
A neighbor next to my rental property has a dog. One of their chickens got into our property’s yard. Our tenant has a dog and is rightfully afraid of the chickens getting in and their dog attacking and or the neighbor...
Jon Marois
Purchase Of a Storage Business and 3 Lots - 1.4 million$ Help
So I was recently contacted by a Mini storage company that was looking to get out of the business. The business includes a few different lots and mini storage / sea can units. The company makes around 200k per year in...
Shari Wagner
refinancing a single-family purchased in an LLC
Newbie alert! My husband and I just purchased a single-family to use as passive income in March 2018 by using money from a HELOC from our primary residence. We purchased the single-family using our LLC, but now we wan...
John Matarazzo
Question on Lease Agreements in WI
Hey all,Just closed on my first place in MKE (newbie here). I was reading through the WI Landlord-Tenant guidelines and saw this (ATCP 134.04(1)) "The landlord must identify an owner of the premises or a person author...
Andrew Smith
A contingencies question
So say I waive all contingencies on my offer EXCEPT home inspection, but then I have an issue with something I waived, for example:
I waive the radon contingency, I do the radon inspection anyway and it comes out tha...
Account Closed
How soon after closing do you move property to a land trust.
When using Conventional or Government Backed Financing, at what point do you safely move the property to a land trust/llc without triggering due on sale clause.Share your experience.