Rohit K.
Meaning of Deferred Revenue Settlement in HOA balance sheet
Hi everyone,I am in the process of buying a condo and reviewing the HOA docs. The condo complex had some construction defects. The HOA sued the builder and got a settlement. The settlement proceeds of around $3 millio...
Clarence Bell
Attorneys for Building Code Violation?
Hi everyone,I just recently received a building code violation summons from the city of Chicago and had a question. Do I have to appear in person or if I can have a family member represent me on my behalf and/or just...
Jojo Banks
Earnest money held hostage - please help...
I'm a buyer that was very excited to purchase a home. Long story short, and $100k+ worth of undisclosed issues later after inspection, I had to walk away as there was no way I could pay for all of it out of pocket. At...
Justin Nothem
WB-24 Option to Purchase Agreement ?s (I apologize its so long)
Hello,I will first give you back story then the questions.I have recently started to dabble into real estate. I came across an opportunity to purchase a property that I am leasing for office space. The property has tw...
Rik Patel
How to structure a flip?
Hi All! I'm closing on a flip in Ohio and I wanted to know if it's worth setting up a legal structure for it? I'm buying it in my personal name and plan to sell it in my personal name. I'm not sure if a structure is n...
Alex Olmo
Pay for title search?
Should I pay for a title search for a duplex I want to buy from county foreclosure auction?
What does a seasoned investor do?
This statement on their website:
Does the foreclosure or tax deed sale erase all other l...
Tay Way
Who's responsible after the house is sold?
Hi All, I have a question about flipping, say I purchase a house, rehab and flip it. A week later after it's sold the buyers find out there is a problem with the house that I nor the buyer caught before selling. Am I ...
L K.
How do you guys handle the move in walk through?
We usually do our walk through on the day they move in and leave them the inventory sheets to list any defects. They would turn it in a week. We had some incidents where tenants had done the damages while moving in an...
Peter Surowski
How can I test the electrical system on an abandoned house?
How can I test the condition of an electrical system on a house where the power has been shut off? There's a deal I'm considering, it will be a good deal if the electrical system doesn't need to be completely ripped o...
James Canoy
Murder on property in the past
So what’s the statute of limitations for disclosing a prior murder on the property? In ny?