Bryan Barry
Question about assignment fees
I recently downloaded a template for an assignment contract, just to get an idea of one. In the assignment fee clause, it states that "this agreement is null and void if funds are not received within 48 hours of the t...
Jeremy Marquez
Business Bank Accounts for Each Property
Hi, new investor here. I bought my first turnkey SFR back in March if this year. It’s cash flowing beautifully and the funds are deposited each month in a separate checking account that I opened for just this purpose....
Mike Schorah
If give someone the address to a property can they steal my deal?
I have a property under contract. I dropped the contract off at the title company with $100 deposit.
I’d like to assign that contract. Investors that I’ve contacted said they would need to have the address before ...
Thomas Richter
Property Management Trust Account Discussion
I'm wondering how PM companies in California are dealing with the trust account requirements for rents. It seems that there are very few banks which actually offer these types of accounts, particularly very few large ...
Curtis Bidwell
Tenant Training Workshop
I teach a Tenant Preparation Workshop at our local Community Youth Services office for kids-at-risk about once a quarter. It's a win/win because I lease 2 units to CYS that they fill and oversee and I get to train the...
Jason V.
Lease Close-Out Documents?
For the first time since becoming a BP member, I have a tenant moving out (very amicably.) In the past, I've always tried to collect some info, but it's been haphazard and probably incomplete. Does anyone have a speci...
Matheo Segovia
Wholesaling
A few questions regarding wholesaling, one, what happens if I am not able to find a willing buyer before the contract runs out? Am I able to simply walk away from it and the seller moves on to someone else, or do I ha...
Gretchen Parlier
Heating utilities
I'm considering the purchase of a two family rental that currently has separate oil furnaces for each unit. How should this be managed? I am concerned about the logistics of the tenant paying for a tank of fuel up...
Jon Villa
Once you have a wholesale contract what do you do next?
Once you have put a home under contract what do you do? Do you take it to the title company? Do you have to put a deposit down? What do you tell the title company and are their any fees you have to pay to them? Thanks,
David Smith
Does your LLC pay your salary?
How do you take money out of LLC?Do you manage the bookkeeping yourself or ask CPA to do ?