John Clark
What am I allowed to ask a potential tenant about a past felony?
I have a potential tenant inquiring about my rental but stated they have a felony from 2017. He claims he meets all of my other minimum requirements but wants to confirm his felony wont be an issue before they apply....
Lamonte Mallett
Serious LLc is good to have for asset protection
Is serious LLc is a good way to protect your assets? Also is it better to property is your own name or Llc? Say if u let your LLC expire will u lose the property in the LLC?
Jason Fuentes
Reviewing Collateral
I working on closing my 1st note and wanted to reach out to the great folks of this forums for what to look for when reviewing files. I actually have a professional service reviewing the mortgage files but the seller...
Raj Kamaria
Public Insurance Adjusters
Hello BP community,
Had a large fire at my complex and dealing with insurance for the first time. Getting lots of advice and input, but still a searching for the right answers. To start off, I need advice on:
1) Pub...
Dave Ketcham
Property Management Agreement language
I would appreciate some BP wisdom on this. We just bought our first property in Missouri and the PM agreement includes the following two sections that are troubling -- we haven't seen this language before. It se...
Eric Robertson
Buying a motgage from a private lender... owner willing to deed in lieu as well...need help please
I was contacted by a guy that holds the mortgage on a small 2 bedroom house in my area.He is wanting to sell the mortgage at considerable discount. We have talked back and forth and the guy seems to have gotten burne...
Ash Seth
title search and what information it won't cover?
Gurus,
As a newbie, I would like to know that how can I perform a title search for potential leads? What kind of information it will cover and it won't ?
Does it make sense to do it online (any good referral/conta...
Robin Cornacchio
Rental lease question
I found a tenant for my rental home but they won't be moving in for another 30 days. They live out of state. I ran their rental application and everything checks out great. My question is since the tenants won't be mo...
Anna Milligan
Renter's Insurance Liability and "additional insured"
Our insurance guy is telling us that we should have a requirement in our lease that the renter have renter’s insurance for $500k liability. He said most policies are at $300k, but it’s only an extra $10/yr to bump up...
Chris Jensen
Buying Appliances on Facebook Marketplace: Gold Mine or Money Pit
Recently an acquaintance shared with me an interesting analogy of buying a used piece of electronics. "Do you want to buy that at a garage sale being sold directly by the owner, or would you rather buy it in a store,...