It is important to understand the rules in your area and also follow some typical guidelines for wholesaling, which include: using a valid agreement that is assignable, disclosing in writing to the seller and end buyer that you are not acting as agent and will be assigning the contract rights, not advertising the property until you have entered the contract, and avoiding negotiation on behalf of the end buyr or seller.Note: This information is for educational and informational purposes only and does not constitute legal, tax, financial, or investment advice.

Hi all,We are getting ready to evict a tenant.  We've tried the service BP sends you to for "Lawyers" (Contracts Counsel) and is deplorable and a disaster.If you want more info on why, DM me and I'll send the details....

Them being frustrated that the water isn't draining & they can't take a shower doesn't remove them of the responsibility of properly reporting it up to you so you can ensure the best course of action is taken..For example in the lease I normally utilize in the Alterations & Additions section, Loss of Services, maintenance & repairs, & general provision - it goes over the proper reporting procedure as well as the guidelines for maintenance & repairs will take place.

, it's very unusual for a company to dig its heels in like Estate Legal is doing. 3.

Snow the short answer, yes.The VA guidelines say you need to have prior landlord experience in order to use rental income towards qualifying.

This is why you don't go to a lawyer for tax advice and don't go to a CPA for legal advice. 

Good morning BP,
My family owns a property in Atlantic Beach, South Carolina. There are a number of people on the deed (based off family accounts and deed, which I am getting a copy of) but we may want to convert the ...

Federal guidelines encourage 2 people per bedroom. 5 people is a disgrace.

Sadly, my experience fell far below what was promised.Out of respect for the BP community guidelines (and because I’ve seen how brutally honest feedback can be attacked here), I’m choosing not to post full details publicly.If anyone is considering working with RTR or any of their affiliates and want a fully transparent, firsthand account, feel free to DM me.Investors deserve the full picture — not just the highlight reel. 

Note that if you seek financing, its very hard to finance these properties as most conventional and non-qm lenders do not touch properties under 600 or so sf.Great point and DSCR loans are available down to 400 sq feet and conventional options are available under 400 sq ft with some lenders that underwrite directly to the Fannie Mae guidelines and do not have underwriting overlays.