Situation - You've just closed on a new property. It needs significant repair / renovation work. Your goal is to fix it up and have it rented or on the market as soon as possible.
What is the very first thin...
BP Community,Can anyone share their experiences with 60-day no cause evictions for duplexes? I have worked with larger apartment communities in the past but I need to confirm if there are any different rules that I m...
I recently had someone tell me that you have to pay transfer taxes when you assign a contract. Is this true?
I've done contract assignments and have never paid any transfer tax. In my mind, there is no transfer of o...
When doing a Contract for Deed, how do you protect yourself, as well as anyone you place in the home?How do you prevent the Do On Sale clause from being exercised?I see many people promote doing deals in a creative wa...
I have a 6 unit building with low income tenants. After a tenant's one year lease converts to month-to-month is there any incentive for the landlord to sign a new lease? I'm not seeing a benefit. My thought is that...
My current accountant has apparently not been taking depreciation on my rental properties every year. I am a rank novice in this area. Just wondering whether there could be any strategic benefit to not taking the dep...
Can someone please explain what the benefits are to the buyer? I get the benefits to the seller and agent.
We've tried to compile some of the most important forum posts and articles about using an LLC or other corporate structure for your real estate business.
Check out the most frequently asked ques...
I have never paid more than $30k for a house.I have never run a credit check or asked for a credit report on anybody who has applied to rent any of my properties.I have never asked a tenant for their SSN, DOB or any o...
I have started purchasing a few investment properties and have an LLC. Everything has been cash so far but I have contacted several local banks and all of them have said about 1-2%+ above regular mortgage rates, 3-5y ...