Belinda D.
Receiving a finder's fee from an agent
I would like to provide leads to an agent and be paid for it.
In Ontario Canada I know that an agent cannot pay an unlicensed person a commission/referral fee. If it is called by another name i.e. finder's fe...
William Shomphe
Reverse inlaw apartment?
Whatsup BP, first post, long time listener and lurker. I'm out here in metrowest Massachusetts trying to get my feet wet in REI. I have a question that I obviously should ask my lawyer and town, but wanted to hear som...
Tim Johnson
Keeping the druggie money
Hi BP!My wife and I purchased an 18 unit multifamily in December. The building is full of mostly great people, but there was one fellow that always smelled like pot. We talked to him about it but the odors continued...
Everett Marshall
Wholesaling in Dallas
Very good friend of mine is a REA, he says it's illegal to wholesale properties in Texas. I lived in Dallas so i wanted to wholesale in that Hot market. Is he right? Is that illegal according to Texas RE law? Is there...
James Paine
Rich Dad Poor Dad Book Review - 3 Lessons
Some people love this book, some people hate it. I get it and I am ok with a debate on this post. I have thick skin. Personally I feel like I have to disclose that I read 40 or so books a year and often read books ...
Vladimir Kunau
Finding private lenders.
I don't understand where you find private investors. I'm doing robert kiyosaki's financial blueprint real estate course online it totally doesn't make any sense. I feel I'm wasting my money on it. Also learned today f...
Luke Dilorenzo
Illegal immigrant tenants and lease termination
Hello everyone,I feel like maybe I’m being a softy, however I wanted some input from the more experienced landlords out there on how they would/have handled this situation.So recently I closed and owner occupy on a 4-...
Mike Schorah
What’s the Maryland wholesaling bill that’s trying to make wholesaling illegal?
I heard they’re trying to make wholesaling illegal in Maryland.
I guess you’ll only be able to do 2 deals a year in Maryland. It looks similar to the Illinois law, but you’ll be able to do 2 deals a year, not 1 dea...
Account Closed
Chicago Basement In-Law Unit
I'd love to get everyone's thoughts on renting out a basement in-law unit in Chicago. I am looking at a two flat on the north side, but the numbers only work if I convert the basement into an in-law rental unit. I kn...
Matthew M.
Incorporating losses into deductions?
Without doing anything illegal i would like some crafty advice on incorporating losses incurred on the failed acquisition of another property, into my expenses for 2021.Background: I have only one rental property whic...