Lindsay Bowman
Renting permitted addition that is not ADU
My offer just got accepted on a 3 unit place. After looking closer I realize there’s only 2 addresses and Redfin has it listed as a single family. Im told all units are permitted and the “unit” that doesn’t have an ad...
Tyler Huntington
My First Deal, thoughts?
My first deal. Stats are below. Tri plex in a B area Lakewood, OH area. Needs appx $8-$9k in work done to bring it up to par.Thoughts/Peanut gallery comments/Whatever, let me know if this deal is plausible or I am mis...
Nick Bleser
New landlord of an 8-plex
Hello BP!We are under contract to purchase an 8-plex in June and I'm hoping some of the experienced landlords could help with a few questions.The first thing I plan to do is talk to a lawyer about creating a lease agr...
Aaron Van Curen
Should I 1099 myself if I am my own property manager?
If I own a property under a LLC and pay myself 10% of the monthly rent, which would add up to more than $600 per year, do I have to send myself a 1099 for being the property manager even though I am the sole owner of ...
Udele Tagoe
How to find out when a notice of foreclosure has been filed
Hello all.I'd appreciate your input. I am a new investor working to secure my first wholesale deal in South Jersey. I have a few questions. A little background on the property: it is owned free and clear and is in tax...
Eric Barrios
Seller did not disclose tenant was behind on rent
Hello BP Family,
I am under contract in a triplex in California. The seller failed to disclose one of tenants was behind on rent, he said that "he thought by the time we closed, they would be caught up". The tenant d...
Jonathan Vince
How to get my seller not to be daunted by conservatorship
What are some ways things could be structured so as to motivate my seller to act more quickly on what needs to be done before she can legally sell?Here’s the rundown (I try to be detailed here because I’m hoping one o...
Nancy Bachety
Do wholesalers benefit from having a RE Agent's license?
Wondering if that is worthwhile to get, if we're buying foreclosures or flips. We're in NY if that matters but are investing out-of-state too.Thanks.
Brian Dalton
Buyers lender wants our HUD
My wife and I are under contract on a flip we purchased last summer. The buyer's lender, Wells, wants the HUD from when we purchased the property. Our lawyer has been pushing back as there doesn't appear to be any leg...
Javier Rosales
Should I get a Real Esta Attorney in my area
I looking to invest in out of my area. Is it a good idea to get a RE Attorney in that area of investment or one where I currently live at?