Caleb Heimsoth
Area East of W. 130th
I was visiting Cleveland recently and was looking at some property that is slightly on the east side of W. 130th st. I've received mixed opinions on this area from it being not a great area to it being a mixture of o...
Christos Philippou
Loitering Around Property
Recently, I have received a few complaints from my tenants at a 4 plex in a not so awesome part of town. We offer affordable places for rent to lower income families. That's besides the point though.
We have been rec...
Abdul Azeez
Need some input of disbursement of funds
Folks - My property that I am selling was supposed to close on Sep 6. My closing company received all my documents on Sep 7 (since I am out of state and Fedex picked up on Sep 6 and delivered to them on Sep 7) and pas...
John Jimenez
VA Loan Certificate of Eligibility (COE)
Hello!So I am currently stationed in Mountain Home AFB Idaho, and will be PCSing in July to McGuire AFB NJ. I went to the benefits site and received my COE but it says I am entitled to $36K.....is this the amount of a...
Tony Huynh
Giving a tenant with eviction a second chance?
Our shared room doesn't have many applicants to choose from, and one of the applicants had an evicted record of her background. She communicated this with me first. She stated it was because she was in a complicated s...
Tom J.
LLC's and Bank Accounts for Property Management Company
Hi All,Currently I am a Property Management Company with 20 units that I manage. At years end I will be forming an LLC and creating new contracts with the owners under the newly formed LLC.My plan is to just have 1 LL...
Rizwan Sharif
Advance Rent, Refund to not have to declare it
I received 6 month advance rent from our tenants (applicable from Dec-May). However now i have to declare it as income in current year. If I return the rent of Jan-May to tenants, and switch the lease to monthly payme...
Account Closed
IL, License risk working with wholesalers?
Are you putting your license at risk working with unlicensed wholesalers?I am under the impression in IL 95% or more of wholesalers are unlicensed, and could be sanctioned by the OBRE. What is less clear is potential ...
Cynthia Hartley
Capital Gains on Inherited Property
My neighbor inherited a home that has been in her family for 50+ years, i.e. accumulated depreciation has been reached. Do they have to pay capital gains tax when they sell the property?
Giovanni Cortes
HELP!!! I just found out that my 12 unit condo building has lien
A 12 unit condo buidling i own has City of CS liens over $6,000,000, the liens are on the Hoa, not on the individual units. This is about 2x as much as the entire buidling is worth. I did try to negotiate with the c...