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...

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...

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...

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...

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...

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.
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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...

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...

Hello,

I am new to the real estate world. After doing some reading, I believe it is best to start off with an FHA loan. My question is on the requirements. I am wanting to finance a duplex, you know do the house hack...

I am soon to close on a multi-family property in a c-class area near Kansas City.  Currently the tenants take their monthly payments directly to the bank for deposit.  I am aware of the methods of payment that differe...