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I am a first-time landlord and homeowner, and have recently purchased a fully tenanted duplex in Western Massachusetts, intending to owner-occupy one unit for the first year. The security deposits were transferred to...
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Class A / Class BThe practice of splitting the LP investor equity group into Class A and Class B (sometimes: "Series A" and "Series B") tranches is already extremely common and seems to becoming almost ubiquitous. Ins...
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Hey BP family,
Wanted to reach out to you guys here. Question I have is that I just closed on his duplex, and one of the tenants is not renewing her lease and is suppose to vacate at the end of this month. From my un...
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How reliable is the home inspection report (or PCR) found on the HUD website? Should I get my own property inspector to take a look at the home or should I trust it? Also, can someone briefly explain the Escrow Descri...
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Hello expert advisors, I have a 3 family home in Union City NJ and have a very crafty tenants. They moved in in November 2020 and since then have never been able to pay rent. However, they have received multiple forms...
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For the last few weeks, Boise and the surrounding areas have been pummeled by record snow falls that haven’t been seen since the early 1980s. Local news stations are reporting roof failures, carport collapses, and bus...
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I recently bought my first home (primary residence) with a no money down VA loan for $135k. I got a low price because it was an estate sale and VA appraisers appraise no higher than the VA loan amount. My neighborho...
Say I find a house to put under contract- do I need to show proof of funds even if I'm not going to be the one actually purchasing it? Also, what happens if I can't find a buyer by closing time? What kind of clause do...
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My friend and real estate agent is trying to buy a personal residence, but because he's a realtor, he doesn't have a regular W-2 Income. What kind of options does he have? Are there any types of banks (or loan progr...
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Hey Folks - quick question for you.
We recently purchased a duplex, already with tenants.
The leases are up soon. My question is about how to handle the renewals:
1) Create a new lease.
2) Create an addendum to the ...