Moises Correa
Renting out "In-law" Units - Pros & Cons
I am looking to invest in the Chicago market, and was initially considering only 3-flats for my first house-hack (I will live in one unit of the building). Many buildings in the city are set up as legal 2-flats with a...
Priyanka K.
Special Cleaning due to COVID?
Hello fellow landlords,Due to COVID, are there any special cleaning requirements of a single family rental house in Texas before the next tenants move in? I was planning to get extra cleaning of all knobs, faucets, sw...
John Conte
Possible Recourse for Boiler Damage?
So I bought my initial investment property in 2017 in Cleveland, about a month in, the boiler blew. went out, replaced the whole thing, 17k later. Not sure about the ethics or legality of naming the company so I won't...
Casey S.
Nesting an LLC after closing & legality
Hello! After buying a property via DSCR loan with an un-nested LLC, can I legally move that LLC into my corporate structure so it would be owned by a nested LLC? I've been told that the lender wouldn't appreciate this...
Travis Simmons
Turning lower until of duplex into a home store front.
Can a lower unit of a duplex be turned into a store front? Currently looking to have tenants live upstairs but lower unit seems perfect for a small business like a boutique store. Are there many laws or city codes tha...
Martin Mark
Pre-sell condotel units before acquiring or purchasing existing motel
I am looking to purchase an existing motel to renovate and turn into a condotel...where the individual units become condo units, and the motel still runs like a normal motel to guests.
How can I legally pre-sell the ...
Antonio Marte
Protecting your credit from numerous soft hits? Advice?
Just came back from DFW looking for good deals on buy and holds SFR. We had no luck and will continue to look for solid deals but are now considering other markets. Every lender and insurance company wants to run your...
Barry Je
How do partnerships work?
Let's say a couple friends and I want to invest together, and all three of us live in different states. How does one go about this?Will a bank lend to three unrelated people? Can we quit deed claim into our LLC? Ri...
Danielle Ratto
We mutually agree to break lease early what paperwork is needed?
Our tenants want to break their lease a month early and we would like (*NEED*) them gone as well. What do we need to write up to make it official? Just a new document stating that both parties agree to terminate the l...
Chris Gomes
Who is liable to close in a contract assignment wholesale
If you place a house under contract and attempt to wholesale the deal to another party by assigning the contract to purchase, which party is legally obligated to close? A contract assignment addendum has been signed b...