Moncy Samuel
Windows replacement and Asbestos
We are in the process of changing one window (due to rotten frames) of our rental Quadruplex built in 1986. After removing the window, the tenant started raising concerns of exposure to Asbestos (tenant claims to be a...
Brie Schmidt
Illinois / Chicago Landlords - Call to action
HB2775 (Rep. Ford, D – 8th, Chicago/ Sen. Villivalam D – 8th, Chicago) is a MANDATE on property owners and is being considered by the SENATE as soon as this week. The bill essentially MANDATES all rental housing provi...
David Green
Loss-of-use claim (Fire)
I have a condo that had a fire and the insurance company only paid out the reminder of the current lease.I am unable to show, lease, or sell the unit while it is being repaired. Does anyone have any advice on how to c...
Pauline Herschel
Tenant Forgot To Exercise Option To Renew
I have a family currently renting one of my properties that had asked for the option to renew the lease for the first year. The lease had explicit language stating how to exercise the option, and it seems that they h...
Jason Soll
I own the Bay Area lot. Seeking Tax Strategist, CPA for GC, Atty
inHello. This is my first BP post! Thanks for reading. I'm a rookie investor who already owns a lot in Berkeley, CA where I aim to add 3 units (3,500 sf total). My goal is to force the equity appreciation as I build a...
Bill Exeter
IRS to Issue FAQ's on 1031 Exchange Extensions
FAQ Coming on Like-Kind Exchange Extensions
Posted on Apr. 15, 2020
The IRS is putting together a FAQ that will clarify the recently announced extension of deadlines for completing like-kind exchange transactions.
...
Adam Villaneda
How do I Structure this deal?
I have the opportunity to purchase a home for 175K that needs about 40-50K in rehab. ARV is about 320- 335K. The owners (husband and wife) are separated. The husband wants 30K to deed over the house to the wife. The W...
Ben N.
How to receive investment money from a private lender
Discussion Scenario: say I were looking at purchasing a property for $120k and I wanted to take out a loan in my name with 5% down ($6000). Then I go to a private lender (family, friend, referal) to front the 5% down...
Jordan Greenbaum
Creative financing contract templates
I am speaking to a few owners currently that are interested in exploring creative financing options with me. Some would seller finance and some would need to be subject to. I do not have any previous experience in cre...
Jordan G.
Owner Occupancy Clause relief
Hello,
My Wife and I refinanced our home with an Owner Occupied loan 4 months ago. The language appears to be standard, 12 months occupancy unless Lender otherwise agrees.
At the time my wife, a pilot, had recently...