My source who is friends with the owners brother says that several of them haven't paid rent in months.The neighborhood isn't bad, just seems as though it has landlords who dont value the quality of their property, never did improvements or kept it up, so it can be potentially a good buildingAfter doing some due diligence, It doesn't even have a building value under the property appraisal site.Im surely going to have to get a lawyer involved to make sure everything checks out and of course the title company to see about any liens.Im wondering how would you guys go about acquiring this property.

Do I need a realtor, lawyer etc?

Does anyone know if I have to use an agent or a lawyer to write an offer to a FSBO seller in Ohio?

I'm new to investing so i have a few questions about startup.1. how do i go about creating a proposal for getting private money i feel i would be more comfortable going after my first deal if i knew the funds was going to be available.2. is it better to have an llc when trying to get private funds that way im not personally liable3. can i get a ball park figure on average what the lawyer fees would be to set up it up because i'm on a shoe string budget(living paycheck to paycheck)any good advice would be appreciated i feel like such a noobie

I've read that the skills lawyers bring to the table, especially with a completed degree and certification, generally show they have good talents for the biz, so should I be putting that out there?

I just got wind that this woman has the deed to her house but some years back when the old bank sold the loan to a new bank close to the end of her paying off the house, the new bank is stating that she owed several thousands still and instead of fighting them on it. she continued to make the payment. well she's now on a fix income and her daughter would like her to stop paying on a mortgage they provided proof on years ago that it was paid but fell on deaf ears with the bank.I told her they need to get a RE lawyer to help them with this.

The strike price shall be at new appraisal through Wells Fargo or at $400,000, whichever is higher.Something like that.See a lawyer.

Thank you all, it seems this 1 town's tax collector is not as adept as I have spoken to another town's tax collectors which I just purchased and she was very nice to explain to me what you guys just mentioned.Are there examples of such Affidavits (1 Affidavit for recording with county, another for Subsequent Taxes) available online or must I usually retain a lawyer?

Tenant gives us a bunch of 'reasons', he owed the IRS lots of money, his wife filed for divorce (I guess they were separated), wife wants alimony, he had to hire a lawyer, he's going to just file for bankruptcy, on and on.We find out he is also sub-leasing a room to another person who refused to give us her name or SSN, even after we told her we were not going to charge more, we just needed her information for insurance and legal reasons, she still refused.So we give him a week to come up with the rent, he can't so I served an eviction notice (his roomie then starts calling us and yelling at us that she paid him her part of the rent) and he says he can't be out in 3 days.

Consult a lawyer before entering into a partnership transaction.