Scott L.
Default rate/issues on private money loans for flips
Hello, I'm just delving into acting as a private money lender for single family house rehabbers. Common terms I've been offered by the developers/borrowers range from 8-10% interest, for me to invest 85-100% of acq...
Ting-yu Tu
How costly or difficult is it to transfer property from an LLC back to the LLC owners
We, husband and wife and our children, live in a paid-off house (A1) with short commute to work.For the sake of better school district, we are buying another house (A2) and plan to live there for the next 8 years.We...
Naveen Desai
buying investment property directly from seller. Paperwork to get and other details please.
Hello,
I am planning to buy a property directly from the seller.
He says he will record the deed at the county office for me
on the same day of closing the deal. What are all the paperwork I have to get on buyin...
Brandon Griggs
New Investor Tips!
I'm a new REI and I'm having a difficult time on making decision on how and where to start. Any Tips!
Account Closed
Need legal advice: I bought a bank owned duplex with squatter
Hello,I recently started to invest in real estate in Cleveland and would like to discuss the situation that I am in. I bought a duplex from a bank 2 months ago, the upstairs unit is occupied by someone who has been he...
Account Closed
Massachusetts Rental Laws and Regulations for Tenants/Landlords
There are quite the number of laws and regulations for landlords (lessors) and tenants (lessees) in the Commonwealth of Massachusetts making this state quite tenant friendly. This increases the financial risk and resp...
Dannie Barlow
How do you do your late fees?
I have a rental house and the rent is due on the 5th of the month. I give a 5 day grace period after the 5th. Say that they pay on the 13 of the month. Do you charge your daily rate for them being late or do you let i...
Charles Manuel
There is no REIA anywhere near me, any tips to start one?
Good Morning all, I'm located in Berkshire County, Mass and I'm getting started in Real Estate investing with my wife. I'm looking for a local REIA to go to to network and sit in on meetings, and there doesn't seem t...
Dominika M
Canadians - 2014 update
Hi Canada -ians, what are you up to at this time? Over the past few months we've seen many new investors join on BP, and I'm curious about everyone's progress. In the intro post everyone says what niche they're pick...
Jason Carter
When Is it Best to Create An LLC?
Hi-
Currently I have 3 properties (2 investment, 1 primary residence). I live in New Jersey. I'm wondering when does it make the most sense to create an LLC?
Any advice on the recommended structure? Umbrella with ea...