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Land Trusts with LLCs??????
Just got done reading Wealth Protection Secrets by William Bronchick. The book came highly recommended by REI. Anyway, in the book the author recommends using a Land Trust in conjunction with a LLC. In essence the ...
Kelsey Folger
Can’t find college renters due to COVID
We are down to the wire here trying to find college students for our rental that we purchased during COVID. Many places are still available near campus and with the end of August nearing and our money running out with...
Kelly Nolan
Temporary negative cash flow for long-term home? Please Advise!
Would it make sense to buy a home, rent for 1-2 years (negative cash flow), with the intention of making it our primary residence thereafter? Please advice. Is there anything I need to think about here?We found a home...
Joseph Chan
How to call BS on the listing agents "Multiple Offers"
I was recently searching for an investment property. I came across a very nice 3 family that was updated. The owner had listed with an agent and had no real offers for over 2 months. They had lowered the price by $4...
Account Closed
Out of State Turnkey: Shocking Home Inspection report?
In the process of purchasing my first turnkey property out of state. Just got the home inspection report, and it sounds like a disaster. Water damage on the ceilings, wood rot, old HVAC, questionable roof, dead mice...
Jim Stoffey
My Diary - Getting a New Jersey (and Pennsylvania) Real Estate License
Hi all!This is a very long and detailed post. Way longer than I anticipated, but I tried to answer all the questions I had prior to starting this process, which was a lot. If any of the info below is incorrect, let ...
Olga Levin
Lent money on second lien to a rehabber who stopped communicating
Hello BP community, Really need some help and ideas on dealing with this situation. I know I probably shouldn't have done this deal, but I have lent on 2nd liens successfully before. This one however, gone pretty bad...
Daniel Hart
What are the SEC requirements for soliciting private money?
I remember awhile back being told that if you are small-time, say a few hundred thousand dollars borrowed, there is an easier/cheaper registration process.
Can anyone point me in the right direction? I have a doze...
Nancy Roth
mortgage insurance for seller-financed property
I am about to sell an investment property to a tenant who got a settlement and can now afford a down payment. She is very eager to buy. I own the house free and clear, and would provide seller financing. This is the f...
Jack Tucker
What are your best "Special Stipulations" for leases?
Over the years of landlording and owning property in a college town, I have noticed that my Special Stipulations section in my leases have taken on some strange phrases and warnings to new tenants. It seems that e...