Domonique Hudson
Realtor screwed up my check
Hi Guys/Gals,I have a wholesale deal in place on a bank reo. I got the property under contract at $54,500 and I'm going to wholesale it to my end buyer for 59k all cash using a simultaneous close. My escrow company ha...
Chris Martin
Man charged with breaking into foreclosed home he bought
I had to read this two or three times to see if the arrested man's claim "Everything that occurred with this house was lawful" was really the case. In my opinion, the above statement is not correct, given just the ...
Jenna Barnes
I am starting in property management and I’d love some advice
Hi guys! I am wanting to start investing ASAP and I have recently started a property management position. I am 18 and in the process of getting my KY real estate license but I really want to go ahead and invest. I hav...
Pavan Kovvuri
Can I re-rent while current leaves the house after paying ?
My tenant wants to leave 1 month early and agreed to pay the last month's rent in full. Can I create a new lease with the new tenant while current lease is still valid ? If the property is rented, he asked to provide ...
Mike Batir
4-unit owner occupied investment as my first property?
Hello. My name is Mike and I am brand new to to investing in real estate. It has always seemed like a no brainer to me to have tenants paying your mortgage/making you some money but it seems like nobody wants to get i...
Randal McLeaird
Reg D and PPM
I recently read through as many posts on BP as I could regarding raising a small amount of money to use for my acquisitions. After going through - what appears to be a normal knee jerk, 'I'll just start a company and ...
Katherine Du Plessis
How do I motivate my realtor to close quickly?
Thanks for you feedback BP!I am brand new to realty and just had an offer accepted on my first cash purchase ($25,000 I know its not much) of a single family house. This house is a reverse mortgage / HUD / Foreclosure...
Gary Van Horn
Wholesaling in Illinois
IS WHOLESALING ILLEGAL IN ILLINOIS?The Real Estate License Act of 2000, 225 ILCS 454/1-1, et seq., and its accompanyingregulations, 68 Ill.Admin. Code pt. 1450, govern the business of real estate brokerage in Illinois...
Hobart King
Need some guidance on Plaster Walls
Hi - coming to the brain trust with a tricky situation where I am not sure how to proceed. I have a house under contract with partner @EmileHughes and I am trying to estimate all the repairs. The house has plaster and...
Jases Brown
Reduced rent in exchange for labor?
We just purchased a house that needs renovation. Mostly cosmetic. While showing another house of ours, one of the couples expressed interest in seeing this one that we are about to start working on. Once they saw it t...