J Fox
Does a Highest & Best Letter Cancel Existing Counter-Offers
I made an offer on a bank owned home. The bank counter offered on a Monday with no expiration on the offer. The same week they requested highest and best offers on Thursday. I attempted to accept the counter offer ...
Tomasz Kaminski
Tenant refuses to sign termination of lease
The tenant has a lease that end June 30,2022 and I know I need to provide him a "notice to quit" termination letter. I have provided this, but he has refused to sign simply saying that he doesn't want to sign and will...
Shane Duncan
Will using income to pay downpayment from HELOC pierce the LLC corporate veil?
I am closing on a multi-family soon and the mortgage will be in the LLC's name. All income and expenses will be handled by the LLC. The problem is that I am using a HELOC to assist with the downpayment for the loan. I...
Alex G.
Must signed disclosures accompany offers in Maine?
Our buyer broker refuses to submit an offer on a house unless we initial and sign the house's property disclosures form. Is this a normal industry practice in Maine?
Shilpa Shah
Do we pay our contractor in cash ?
We are renovating our first investment property. Our contractor has provided us with an option to get 10% discount if we pay all cash. When asked for the receipt, he said it would be an acknowledgement of the cash but...
Jack Taylor
Earnest Money / Backout Question
I've got some earnest money down on a fixer upper, but I've realized there are more problems than were written down on the disclosures form. Is this grounds to back out of the deal and get the earnest money back?
Engelo Rumora
How To Be Different And Leave An Impression?
Hey guys,I normally don't start topic discussions but this kind gesture from @Nicole Pettis prompted me to see what everyone else does.What are some things that you do to leave an impression on a potential investor or...
Jamie Blair
Eviction for persistent late rent
Hi All, the rental in questions in located in Ontario. I've reviewed the Tribunals Ontario documents on reasons for eviction and persistent late rent is listed is a valid reason. What I couldn't find was the definitio...
Ali Masoudi
Filing LLC-C Corp taxes with a professional EA
Hi guys, I started creating LLCs around my real estate practices in late 2021 (two disregarded LLC and one LLC-C Corp) and now I have to file my 2021 taxes. I'm thinking to work with a very experienced EA (Enrolled Ag...
Alex Hamilton
Earnest Money on Purchase Agreements
I need to know if I can get my Earnest Money Back on a pending Real Estate Deal. Pertinet to the deal and to avoid a long scenario. I paid $500 to the Agent of a seller based on a pre approval letter from my Lender....