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I just purchased my first fourplex and have a tenant who I foresee being an issue. She is currently on a month to month, as her previous lease with the old owner expired. The old lease says the rent was $900. Her secu...
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I have a perspective tenant who looks good on paper. He's already revealed a past bankruptcy and explained how it came about (his employer was located in the WTC and when it went down, the business folded. He tried ...
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Hello BP!I own a 3 Flat property on Chicago's Near West Side and I am planning on increasing rent in the following manner:(Rent increase is due to market rents and a hike in property tax)3bd/2ba, 1,150 sq ft Apartment...
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I am looking out for options to join of one of my friend as a silent/sleeping partner for rental property.if he provides the initial investment for mortgage down payment and i take care of complete work what should...
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I've read that its better to form an LLC and then 2 S-Corps underneath it that own the LLC for a partnership rather than forming a normal partnership for operations. Is this better for taxes?Could partners just elect ...
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I use the standard CA rental agreement - the only change I made was regarding appliances.In my lease it is written that tenant is responsible for maintaining all the appliances. However, if an appliance breaks downs ...
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Has this topic been beat to death?
Do those of you who are renting out homes/apts/mutli-fam structure your investments to be owned by you personally, or by an LLC which you own?
I earn a pretty decent living outsid...
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I need some help overlooking the #'s before I present this to a potential JV partner. I have been marketing to small multi-family properties in my market (Delaware) and have wholesaled two so far. Id rather be buying ...
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Hi Everyone! So I have been applying the 10x rule, 4 hr work week and all these books and went from 1 proprerty to 2 with 3 in escrow. Problem is that my latest purchase is a Duplex in Raytown, and its has one side oc...
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So me and another individual got an apartment through the shelter , but the catch was , and is , that he is the bad tenant. He doesnt pay anything , he is in and out of jail and lost his job and doesnt bother to look ...