Karen F.
Can I keep their entire two month deposit?
We had an applicant with Sec 8 in November for a unit, and we submitted a packet with him for the unit early in November. We then, throughout November, turned away any other Sec 8 applicants, since we already had sub...
Donald S.
Real Consequences of breaking lease?
Hi all, I'll be closing my first rental soon and wanted some clarification. If a tenant moves out, with or without notification, prior to their lease being over what consequences do they really face? What can I do to ...
Jennifer Jones
Landlord trying to withhold entire deposit
We have just moved out of a property we rented for 3 plus years and our landlord is trying to withhold our entire deposit for charges/ damages he's gathering at almost three times the deposit. Hes trying to charge us ...
Bryan Barry
What happens if financing falls through on the buyers end?
So, lets say I have a standard wholesale deal set up. I have a seller and an investor. I get the property under contract as per usual, with a financing clause that holds me (the "buyer") free of obligation if I don't ...
Jerry Alvey
LLC structure and tax advice
If I own 2 LLC in Texas and one in Oklahoma would it be best to open one umbrella LLC at a bank and list these 3 LLC's under it? I'm looking for protection and to pay less taxes.
Shiela R.
SFH purchased for $10 sold for $800k
I thought you might be interested in seeing a remodel project that I recently completed. It was the first remodel I have taken on in a while and I found it very rewarding from start to finish. One of the coolest thing...
Account Closed
Partnering Up
How do you folks structure everything when you have a passive investor invest money to get into a deal? I've read about this, and had relatives with money come up to me, and basically ask me to be their work horse t...
John Hylton
Capital Gains primary residence
Hi guys,
We bought a home last year (essentially a long term flip), and we decided to make it our primary residence for a bit. The reason was two-fold; it met our current needs as well as would keep us from paying ca...
Account Closed
Negotiating With A Motivated Seller
I received a call from an absentee owner. He owns a property in a working class neighborhood that I've been marketing to. The property is a 2br/1.5ba & is currently rented. It's worth around 100k. Owner is asking...
Keith Johnson
Property manager duties
Besides collecting rents what are the main duties of property managers and what is included into there monthly fees and is there any extra fees that is not covered in the monthly fees