I was contacted by an agent that has an approved ss listing for a luxury home at $599k. This home has an appraisal ranging from $830K-1.15Mil depending on website.
Any advice on whether or not...
Our tenants have moved in their parents, who are not on the lease. There is limited parking at the property, and we don't want 4 adults in the property. Their lease says guests can only stay for two weeks. Does anyon...
If I buy a house with my partner, lets say we buy a 300K house together.How will lenders look at it down the road if I want to buy more rentals by myself? Do the lenders look at the house that I am buying with my part...
Hi BP, I joined a few years ago and haven't posted before. Current goal is to buy a rental property in the Ocean City, MD area. I'd like to rent it as much as possible and leave a few weeks during the year to stay the...
Can you break down the benefits of forming an LLC? Putting rental homes into an LLC
Hi all,
My first post did not go into much detail about the business financials. Based on the questions received, we pressed sellers on specifics and now have greater clarity on the overall health of the business. He...
I am managing 3 commercial office tenants all with 2 year leases. I'm not sure if this is considered "good business" but I was thinking of sending them their new updated lease/extension about 1-2 weeks prior to the e...
Hello,I've asked several CPA's, and gotten varying opinions. Wondering if anyone feels they have fully vetted this subject and come to a definitive answer.Situation: purchase a property subject to the underlying lien,...
I am looking at subject to is what my fancy is at this moment, but I am new and haven't done any deals. Looking for something to get as much knowledge as I can with this subject, but seems hard to find or I'm just not...
Hi BP,
My partner and I have set our sights on purchasing our first investment property in the central Oklahoma/Edmond area. We have family ties to the area but live out of state.
We are seeking guidance on a few k...