Hello Bp members ,My name is Ray i kinda ran into a small diploma i am not sure if the contract for a property i was going to wholesale is disclosed for the right of an assignment the property to the actual buyer . So...
I'm looking at a 2 unit deal in Chicago (2 flat). It also has a basement that I'm told could be made into a 3rd unit. Does anyone in Chicago know the legalities around this? Is it possible to turn this 2 unit into a 3...
If you are a Multifamily syndicator, I’d love your feedback on this: What percentage of your deals require accredited investors only as opposed to being open for sophisticated investors? Thanks,Steve
Specifically this situation:
A wholesaler pays a mail man for the address of a vacant property. The wholesaler is not a licensed RE salesperson/broker.
Is this an illegal activity for the wholesaler, the mail man...
What tipis do you all have regarding trying to snag a property from an auction? How do you guys gauge how much money is too much?
I know a lot of investors lien towards leases with the option to buy agreements because you dont have to foreclose Versus a purchase money mortgage where the buyer acquires title. With that being said if the seller wa...
I purchased my first 4-plex earlier this year. The building was fully rented and three of the tenants are long term renters and smokers. One of those tenants has decided to move out and just recently gave notice that ...
We are inheriting a tent at who smokes in their unit. And it reeks of smoke. She is a great tent at and has lived there for 10 years. How do you handle the smoke damage and to the unit when/if she moves out? Do we cha...
Has anybody used or are you able to use a self directed IRA to back a client that wants you to owner finance a house for them? What are the draw backs and/or how does this work?
We have a good Tenant who has been operating a daycare, prior to Covid, she had 6 children allowed in the Lease. (State licensed her for 8, but she did not notify us ahead of time about her business). We need to re-wr...