Last year I bought my first multi-family (4-Unit) with an FHA loan only putting down 3.5%. I am looking to buy my 2nd Multi-Family but the lenders want me to put down 25% and on purchase prices around $200,000 thats $...

I have an apartment for rent. There is someone (let’s call him Bob) who lives in the apartment building next door and he wants to rent my apartment. He has not yet filled out a rental application but he did call me on...

I am closing on an 8-flat next week in Lincolnshire, IL (NW Suburb of Chicago). There are 6 - 2beds/1bath units and 2 - 1bed/1bath units.
Currently, it is rented far below fair mark rent. The lady who we are buying i...

I'm new to this kind of real estate, was trying to do some research but still not able to get the difference. Like, after Targeted hold period - what happens? You get money back? Or if you want to get your money back ...

Hi I purchased a triplex in a decent area with inherited tenants. I closed a few days ago and I went to the property to hand out a welcome packet. This included a welcome letter stating all the normal stuff, I infor...

We recently took a job in CA and had to list our 1905 Historcal home that we renovated for sale in a market that is not ideal for selling a home in rural Upstate New York. Knowing our options were limited we agreed to...

I'm in contract on a HOA foreclosed property in Sacramento and in order to get a clean title I need a quiet title action.   The seller (HOA) is not willing to do it without their hand being held.  Any lawyers your wou...

Hello Everybody,I have replied to a few question, but this is my first question to BP.  My back ground is in house hacking and most recently into buy/holding a few small MF on the SF peninsula, specifically Mountain V...

My understanding of Dealer Status is that if you are flipping on terms (in my case: buy on terms, fix -or not-, then sell on terms) then you lose the ability to be taxed as an installment sale where your gain is sprea...

So I have been researching Turn Key companies for about six months (most of the more reputable ones).  I like MemphisInvest and their markets, not to mention everyone seems to have a good opinion of them.  I talked to...