Tim Samples
I screwed up, could use some advice.
I tool over the keys of my first short term rental this week and posted it and got a 4 bookings which is great. However I was careless and didnt fully understand the transition process and didn't realize the previous...
Derrick Ruiz
Things you must do/have before you buy a rental property (regarding the tenants)
#1 - Get copies of all leases. This may seem obvious but it is absolutely critical. Check to see if the tenant is allowed to sublet the property (This should be a hard no). Or if they can have roommates. Or pets. If t...
Jacob W.
How can I purchase a property from a trust?
I'm new to the world of wholesaling land and came across a property that is under a trust. This property is going to auction. I've connected with the trustee and he's interested in selling. He has agreed to pay off th...
Yevgeniy Kovalenkov
How to remove one tenant from lease?
This is my first time renting a house. My tenant has called me a couple of days ago and told me that his wife had left him about a month and a half ago. He wanted to see if there is any way to remove her name from the...
Lisa Y.
SFH w/ In-Law - Legal to rent out to two parties?
Hi BP forum,Curious to know if it's legal to rent out a SFH with an in-low unit (separate kitchen and entry) to two different parties on two different leases.Much appreciated!
Ashley Wolfe
When both parties are in default and one threatens legal action..
Ok, the long and short of it is this:My husband and I were under contract for a SFH. During that time we submitted a repair addendum and the seller agreed to it in full.In the meantime, we were getting our loan final...
Want to pay ZERO taxes next year? If you own real estate or are building a portfolio, there’s a good chance that you can legally keep your profits away from Uncle Sam. But you’ll need one thing before you can do so. O...
Racheli Ta
Property Management Contract - Is this a good contract to use?
Hey there,
I have a new client (an owner of a couple of properties) and looking to sign him on a Property Management Contract. I'm attaching the one I have at the moment.
Any thoughts? It's pretty short, which I l...
William Swartz
How do I structure this Wrap?
Hi Guys,
I have my first deal about to be underway. But I need to know some things first.
The house I want to purchase is worth about 200,000.
There is a 165,000 FHA loan in place.
I negotiated with ...
Michael L.
What makes a contract legally binding?
If 2 business owners create a contract, are their signatures enough to make it a binding agreement or would getting the contract notarized be a wiser decision? Thanks for all feedback...