Melissa Webb
Taking over payments
If I offer to take over paymens, how do I obtain the deed/title, without triggering a due on sale clause? I have a seller who wants to get rid of their house (for no profit) so they can get in their "bigger, better" ...
Maria Moya
People keep telling me not get into real estate
Hello everyone, anyone I have spoke to about REI in my personal life all tell me the same thing: don’t get into real estateThey are all people who have had properties themselves, have tried to rent them out and have t...
George Glessner
LLC Structure and Insurance
Hi All! I am in the process of creating my first LLC with a lawyer. I am planning on buying my first property this summer through this LLC. It will be a single member LLC. I will have a separate bank account for the L...
Dawon Irvin
Exploring the ABCs of Real Estate A Dictionary of Real Estate Terms
This post serves as a detailed reference point—a compendium of real estate knowledge that delves into the fundamental aspects of this dynamic field.
1031 Exchange: A tax-deferred exchange allowing the sale of one pro...
Curt Smith
filing taxes on a note that I foreclosed on AND got the property back a low FMV.
I did search BP on this topic. Apologies if I missed a thread! I am almost an expert in RE taxes and self file. Just currious re any unforeseen issues with foreclosing the note AND getting the property back with F...
Jay Thomas
Property Tax Doubled. Help!!!!
I bought a rental property in Cook County IL mid 2017 and 2016 property taxes was around $2000. It was a foreclosure and there wasnt any homeowners exemption. The property only needed a light rehab (paint, new floorin...
Adam L.
Should I start a LLC?
Just starting out in buying rental property, should I create a LLC because of taxes and liability?
Doug Prahst
Is it okay for tenant to pay one years rent up front
So, I have an applicant for an apartment that I'm renting that will pay for one years' rent up front.It's not an internet scam, I actually met this person. They live two houses away in a 1 bedroom and want a two bedro...
Sean McNealley
Emotional Support animals
Hi there, first post on BP but figured this would be a good place to get some advice. I have had a tenant for roughly a year now, and we do not allow pets (unless they were there when we purchased the property) she ha...
Wai Chan
Providing tenant alternate accommodation when i need to fix the house
There is some deferred maintenance tenant want me to take care of in the bathroom and kitchen in a 2 bedroom/1 bathroom house. The work should take about 4-5 days. The work is pretty extensive so I want tenant to move...