In a SubTo deal, as the seller, can someone walk me through the lien part? Placing a lien on the property to guarantee payment from the buyer, what if the buyer wants to sell/refi? Does the buyer always have to pay of...
So here’s the situation, we currently live in a duplex that we own. The doors for each unit are outside and side by side. We currently have a nest that faces the stairs that lead up to the doors so we can see who come...
How do you guys recommend setting up property operating accounts (e.g.; checking) for multi-family apartments? Do you have an operating checking account for each property? One account for all your properties? #AskBP
I need to form a LLC in order to satisfy my lender requirements. The 12 unit apartment is located in Cleveland, OH. I live in San Diego, CA.
In what state should I setup the LLC? Should I use a real estate attorney o...
BP community,I am currently working on a deal which the owner is a lot more interested in keeping the property (instead of selling as-is), and JV with me to rehab it and then split the profits after sale. A realistic...
Morning all,I am thinking about lending on a private money opportunity in the Tulsa, OK area. The investor has already purchased the home, done a few months of work on it, and needs money to finish rehabbing - asking ...
Hey All,I am in the process of aquiring my next rental property and decided to finally put this one under an LLC. We have a dedicated bank account, insurance policy and the property will be held by the company.Now my ...
Hi Everyone,
New to the community and glad a resource like this exists. My wife and I recently purchased our first property in Oakland, CA by the MacArthur BART train station if anyone is familiar. It's a duplex so w...
I'm closing on my first property next month, and I'd like to set up so in the eyes of the tenants, I am the property manager, not the owner.How can I get a different name on the lease?What about mailing address?Can I ...
My Tenant reported visible mold gray color on curtains and wood furniture in house. Florida house circa 1970, plaster walls 735 square feet 2/2 in good condition. A/C air handler in attic, no visible roof leaks or any...