Janet Chi
Chances of clearing a fraudulent lien, risks in waiting to clear
Hello,I am currently in escrow on a home. It was listed at $1,088,500 and we offered $100k over asking. Almost 2 weeks into the process, it was discovered that there were 2 liens on the home. One lien was pretty small...
Norman Dean
Dealing with Property Manger after firing
I have very recently had to give my property manager notice that his company will no longer be managing my properties. He did not take it well and of coarse tried to talk me out of it, however I ensured him my mind w...
Chris Gass
Creating passive income through renting
I am a 32 yr old male with a objective to increase income through real estate. I made a offer on my first deal and it was agreed on. Small single family home on 1/2 acre piece of property. Projecting 250$-300$ cash fl...
Arthur E.
Seller provided inaccurate information in disclosure
I have a duplex under contract right now in Michigan. The seller's disclosure said that the septic system was pumped and inspected in 2014. Because of this I didn't schedule to get the septic system inspected while ...
Ryan Graham
HELOC vs Home Equity Loan vs Cash Out Refi to Start BRRRR
Hello everyone. I'm new to BiggerPockets and this is my first post! I've recently finished reading Brandon Turner's "The Book on Rental Property Investing" and am about 50% through David Greene's "BRRRR." I have de...
Account Closed
When you're a wholesaler and a licensed broker question
Does anyone know if there are any additional disclosures or rules to follow in you're assigning a Purchase and Sale Agreement (as a broker) other than disclosing that you're a broker? To keep it simple, let's assume ...
Gabriel Floyd
First-time 1031 exchanger, Q's about splitting between 2 units
My wife and I are somewhat novice investors - started with our first unit 7 years ago. Current plan is to sell our townhouse rental, take the funds and double-down on two new condos (decent cash flow). The challenge...
Tiese C.
How to Get Out of My Subject to On My Own Home...
As a first time home buyer, I purchased my home in 2009. I wanted to move on, but because there was no equity in my home, I did a 'subject to' on my first home in 2013. The investor said I had to be 'tied' to the m...
Patrick Reagan
What is the problem with Illegal apartments?
I've noticed many three family homes have a fourth apartment in the basement and it's considered "illegal", yet many have tenants.What are the problems with having such apartments and what's the worse case scenario fo...
Jefferson Smith
Advice on partnering -- a deal with friends (fun fact pattern)
A few friends have talked with me about going in on real estate deals together. Each of us have done real estate investing before, but not a ton of it. We're all "post-newbies" (3+ deals each, never together). Each is...