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Hello. I've been researching and looking for my first property in Indianapolis. I finally found a duplex with 2br/2ba. The numbers look great, it's in a C area, next to a school. I found out that the current tenants a...
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Hi all - I’m starting up a lending business, all was going fairly well until I was told by all the banks in my area that they “are unable to establish a bank account for anything that is financially related.” Have al...
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My partner is a builder in the LA area and his client posed an interesting question for him that could affect financing in the future. He owns a 4 unit property in LA and wants to convert the 2 car garage into an ADU....
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So here's a quick synopsis of what happened here. Boyfriend/Girlfriend signed a lease in March. Broke up in July. Boyfriend says he "moved out", but kept his things there and kept paying rent. He recently moved his th...
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Hi All, I have a multi-family under an LLC with my partner that we plan to sell and 1031 exchange for another bigger multifamily. The other LLC is much more expensive and we plan to join forces with another foreign na...
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Hi, I have a 4 plex in Marlborough. I have a rule against pets but 2 of my longer term tenants have cats (without asking permission). I've let it slide for a while - I know I should have addressed it right away. I...
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I am currently under contract on a property that is enrolled in 4D affordable housing program. The current owner stopped complying recently.As the buyer and future owner, I would like to opt out of the program. Is the...
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I'm in the process of establishing an SDIRA, which will hold 100% of the member interests of a to-be-formed LLC. Does anyone have a sample "IRA LLC" operating agreement (or web link to an op agreement) which you woul...
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How many days do you indicate on your leases for Notice of Termination for the 1 month to under a year leases?I use 45 days on my 12 month leases, but of course that doesn't make sense if you have a 1 or 2 month lease...
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Hi guys,I need your advice:I have a small rental and having a hard time to decide who to pick:1) First tenant has schizophrenia but his sister always pays on time (the reason I know it is because he is renting a basem...