Derrick Lumsden
Partnership agreement - clarity on responsibilities and finances
Hello BPers,I was looking for advice about setting up a good partnership with my brother-in-law. I am not an experienced investor. I have owned one single family home for about a year, which I bought with owner financ...
Chris Ayers
Apartment Complex full of Govt. Assistance Tenants
Checking out this one 29 unit apartment building now and spoke with the current PM who mentioned that:Most tenants are on government assistanceBuilding is old but condition is fairGreat cash flow. Converted hospital t...
William Morgan
Does this qualify as "Consideration"?
Two coworkers I know have agreed to the sale of a house - the one is retiring and selling it to the other. They are not using an agent. The Seller appears to be friends with a person at the title company who is faci...
Jacob Elbe
Buying Property from Family WAY Below Market Value
So I have a situation I don't know how to handle or who to speak to about it, but since it has to do with real estate, I thought BP would be a good place to start!
Here's the situation:
My sister-in-l...
Hal Cranmer
Mobile Home Investing in Minnesota
Hi Everyone,
I bought Lonnie's materials and started looking into buying and selling MH's here in MN. However, the first park owner I talked to told me that you have to be a dealer to buy and sell mobile homes. Sur...
Michael Vaughn
Restarting a failed foreclosure
HiIn case a borrower is able to get foreclosure rejected, say for missing assignments or any other technical detail for that matter, can the lender file for foreclosure again (assuming the loan is still delinquent) on...
Jorge Soto
Buying a rental where the tenant has trashed the place
Hello BP community. I just wanted to get your opinion/ advise on my current situation. This week I will be closing on my first investment property. Its a three unit in Sacramento. I will be living in the front unit a...
Debbie Schoemann
hard money loans..
I am looking into getting a hard money loan..I want to use my Paid off home for collateral. I'm looking for only less then 20% of the value of my home..Credit is terrible that is why I'm thinking of going this route I...
Ximing Feng
[Landlord-AZ-US] Question: Procedure for Lease Nonrenewal
I have a question about my current tenant. They are inherited tenants from the previous owner. There is quite a bit of damage on the unit before I bought the property. We plan not to renew their lease because we would...
Brittany Weimer
Garage renovation for rental
Has anyone renovated their detached garage into a rental? Looking to brainstorm with someone. Located in Denver county.