Dan Liptak
Why should I use an attorney?
Looking for some input here. This is my 3rd REO purchase in 7 years. The two prior were my personal residence fixed up, leveraged, rented out got bigger and better.Each time I would buy one the lawyers would look at...
Claudia Schmidt
Which items does a landlord repair & wear-and-tear of tenants?
1) Can anyone please help me determine what is normally a landlord's responsibility in terms of maintenance of a rental property?
2) And what are the items that should be repaired by the tenant through regular wear-a...
Account Closed
Options for Ugly Houses under Life Estate?
I was doing some driving for dollars research and found a property in definite need of work. I brought the address home to find out the tax record mentions that it is a Life Estate.
Quick google search says
"A life ...
Account Closed
Indecision on a multi-family property!
I live in Southeast Michigan and I have found a $69k triplex through a real estate agent's MLS listing that I'm keen on. Two of the units are rented out and one is vacant, which I intend on moving into. I'm single wit...
Leon Lee
Possession of the property 7 days after the closing
Hi, BP expertsI am about to sign a contract, but the seller wants me to agree that "Possession of the property shall be granted 3-7 days after closing". During the touring, I know there is at least one tenant living i...
Chris Gawlik
sell now, gather cash, be prepared and get ready. market crash.
If your thinking of starting to flip fixer uppers, buying your first buy and hold, or your just starting out in RE investment. It would be best to put those plans on hold for at least a few months. Just wait and see w...
Andrey Y.
How to determine how many investment properties to buy
First of all, I really do appreciate all the helpful guides and discussions on here to help educate a new REI such as myself.We can all invision the statement "It is better to purchase 5 properties at 20% down, and fi...
Kim Bayless
HOA never organized?
Although I did check beforehand that there were no HOA liens, I've run into an odd situation on a townhouse I have under contract. The unit was built in 2007. The HOA was legally formed, but never organized. No boa...
Bill R.
Tenant has died that paid a year in advance
I have had a tenant die 6 months into his one year lease that he paid in advance. Am I required to refund the balance to his heirs?
James Trautz
Benefits to Having a License
Whether or not Investors should have a RE License seems to be a question getting a lot of attention these days. As both a Real Estate Agent and an Investor, let me answer by simply saying “YES.” Here’s why:As we all k...