Scott Smith
Legally taking property for no money:creating title by mere possession
Adverse Possession Under Texas LawJust because a property has a defective chain of title doesn’t mean you should rule it out right away. Adverse possession can clear title by merely occupying it for enough time. As an...
Kyle Wilson
Any Self-Directed IRAs Horror Stories?
Does anyone have a Self-Directed IRA horror story they would like to share?I attended a national REIA meeting last night on Self-Directed IRAs (presented by Equity Trust). I can definitely see all the PROS, but I'm lo...
Shawnda Beckstedt
Firearms in rental property
Seeking advice on how others structure wording within their lease on the possession of firearms or other deadly weapons of a tenant in your rental property. Ultimately I would like to say that no firearms or deadly w...
Bienes Raices
LLC and the security deposit
For those that own multiple LLCs, how do you handle the security deposits? In my state the law is the deposit is supposed to be held in it's own bank account and not comingled with any other monies. That could become ...
Jenna Estefan
Crime Committed at Rental - Can Police Seize Property?
Luckily, this is not my property, but a past client's, and the situation is interesting to me so I thought I'd see if anyone else here has had any experiences with this. When my client moved these tenants in, he fooli...
John West
Looking for a CPA in Maine... (or is it necessary?)
So I know two CPAs who do a great job. My only concern is that living in rural Maine, they can't easily specialize in one area and keep their doors open. Because of this they do just about everything a CPA can do. Lis...
Jim Jones
Is this a viable REPS strategy?
I'm looking into qualifying as a real estate professional, as I currently don't have a w2 job. I would like to purchase a property, manage it and use losses to offset my spouse's high w2 income. I have the basic conce...
Michael Chalke
Purchased duplex, seller (who was the agent) hid many things
I recently purchased a duplex and the seller was the listing agent. After she moved out and I was moving in, she hid many things that I am now fixing/replacing. She placed wallpaper over huge wholes in the wall, light...
Sam Leon
Are "roommates" a protected class?
I have a question regarding the Fair Housing Act's Familial Status.The intent is to prevent anyone from refusing to rent to or give preferences to people based on their family status...single vs married, with or witho...
Jay P.
Tenant Causing Mold and Liens from City on my property.
Hi All, I have been an accidental landlord for about a year. I ended up moving to another state and couldn't sell in time. The house is location in Oak Brook, IL.In the end I went ahead and leased out the property. An...