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I know that a lot of newer investors have trouble understanding the rental license process in Philadelphia and what must be done. Below is a step by step process of what you need to do to get a rental license. Once yo...
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I have a property under contract with a memorandum filed on the clerk of courts. It is tenant-occupied and proper notices were delivered for the tenant to vacate. The seller informed me that she had received multiple ...
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I am about to apply for a fix and flip loan for my next project. Most hard money lenders will only lend to entity. Is it as easy as going online and paying $100 for LLC? What are other things I should be considerin...
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Hello BP!I have a rental in the Illinois area, and currently it's been on the market for about 90+ days. Cost: $100,500Down Payment: $25,000Rehab: $~6000Vacancy: $~2600Rent: $1650CF: $370 (When rented)So, my question ...
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Hi all,I've been reading about tax liens and short sales. An article suggested that this was a good way to obtain property at a low price. However, most of the articles I'm finding are giving me a bit too much info, a...
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One of my buddiest is going through a rough time and trying to keep afloat on his mortgage payments. He's got little to no cash, mostly maxed his CCs, and is thinking about just letting his property go into foreclosur...
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Greetings all- I've just found a really good deal on a duplex that has two tenants in place. One is on a month-to-month lease, the other has no lease whatsoever, and has lived there for 25 years.
Realtor says that bo...
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I am buying a duplex that is 1/2 rented. For the unit that is rented I am giving them an estoppel agreement. My question: In the original lease it states to make payments via check or money order to the Property manag...
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I was looking up the contractor RGC Builders, Inc. and noticed that they advertise on their website that they have insurance and workers comp, but when I looked up the contractor on the Palm Beach Contracotrs Certific...
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Hello everyone, I’m new to this forum and new to property investing. I’m currently a few days from closing on my first multi family house. I just found out that I’m inheriting a month-to-month section 8 tenant. I’m ho...