Most Common Incorrect “Facts” by the Inexperienced
1. It’s “illegal” to purchase a property without the approval of the existing note holder (subject to)
2. If a property owner stops paying on a note the lender just...
Hello, my property management company has not been able to place a tenant for last 3 months. I bought this turn key property in Kansas City, MO, few months back. Property was previously rented but the tenant was evi...
A friend of mine recently bought in Las Vegas. He sent over some zillow pages where condos with $800-$900 current rent are asking around $100K. This is yielding about 9%! Even with $170-$200 HOA this seems too good...
Hi guys,I am posting today because I need some advice about what to do with my tenant. I am a new landlord and have asked many people's advice only to hear many conflicting theories. Here's the story..Basically I mo...
My wife and I recently found a house that we wanted to buy for ourselves to move into. The seller provided disclosures and we reviewed them then put in an offer and after some negotiations we got the house under cont...
I have an SFH and a duplex as rentals, both with mortgages in my name. I want to protect myself and my family from lawsuits and was told by a friend to start an LLC and transfer the properties into that LLC. Since I h...
Hello!I have renters in our unit for the past 5 months. They signed a 6 month lease with us. Last month, while paying rent, one of the tenants told me that they were considering not staying the full 6 months and that ...
My family was in a tenant in common situation at the cousins level now. We had a cousin sell his 1/8 interest to a firm that is a licensed real estate brokerage firm but also bills itself as a developer.The local boa...
Looking to dialoguge on this topic so let me begin by saying this;
I do not believe that we should have an open border, however in a country where we enjoy the melting pot status, where Ellis Island brought in the an...
I've got a weird situation with a tenant that I'm not sure what to do. I recently bought a 2 flat in Chicago, and the leases from the previous owner were a complete joke with no security deposit. One of the tenants mo...