I am currently under contract to purchase a 4 plex.  The previous owner bought the 4 plex for his child to live in while the child was at college.  All 4 units are currently rented out.  Two of the units are month to ...

Hi everyone,I recently closed on a (2) multifamily apt buildings. We closed on the 11th & at that time not all rents were collected. It was agreed upon that after closing, any rents collected after the closing wou...

Hey everyone! I have a tax question to run by you before speaking to an accountant and paying a fee for that! 
We took over management for an owner of a 4-plex this year from a company that was shutting down the prop...

I'm planning to buy a multifamily property in Chicago, so I move in onto one unit and rent the other three to my family members, but property is already  occupied with tenants . Can I get the tenants to move out even ...

Hello BP Forum, we are reaching out for opinions and suggestions.   We recently closed on an absolute triple net property with a remaining lease term of 11 years (of 15).  The lease contract stipulates that the tenant...

Hi All, Purchased an 8 family rental property in New Haven, CT. 6 of the units at my property are section 8. I closed on 9/20/18, and getting the Section 8 packets completed in that month was impossible. The rents for...

Hello,I gave my tenant not renewing notice 80 days before the lease ends, but the tenant quoted below and he could stay with the current rate.  "According to the Chicago Fair Notice Ordinance, if the tenancy has been ...

We just took ownership of 11 units that were poorly managed by previous owner. We did this off market, and are still learning the ropes, mostly learning by making mistakes. Early on in the purchase we did got all the ...

I bought a property which had a tenant for the past 20 days only. When I asked the seller to give me the security deposit, he/she refused saying that it was hers to keep. Intermediary broker vehemently defends this st...

If a homeowner finances you his property for 100k and you agree to pay him 100k but he owes 50k, and he has been paying for the property for 20 years, if you keep paying the mortgage payments and you agree to pay him ...