Brion Spensieri
Removal of onsite laundry / appropriate rent reduction?
I am the landlord in a rent-controlled, owner-occupied triplex in Oakland. When we purchased the property we allowed our two tenants to use the (free) onsite laundry. One of those tenants was already established when ...
Jake Herbert
SLOT or Subject to Deal Please Help!
So here is the situation. My buddy bought a house this January for 120K. He then lost his job and is only 2 months behind on payments but wants out of the property. He owes 122K on the property at a 30 year 5% fixe...
Eric Cunningham
Seller Tax Liability
Wholesalers,How do you explain to the seller the fed/state tax liability that comes with the sale of their home (assuming it's a second home - not their primary residence)? Since most sellers are hoping for a quick ca...
Gaurav Nandola
Buying a home with un-permitted room addition
Hello,I am trying to buy my 1st rental property. The numbers look good with a positive cash flow expected. However, it is a 1200 sq feet home, which was converted from 2 bed to 3 bedrooms without a permit. I am not su...
Robert Lumerman
Duplex fourplex questions to seller
Hi all,
Starting out here and looking to possible purchase a duplex or fourplex. Most likely out of my area since prices in northern NJ are out of my league. When approaching a seller what main questions should be as...
Kwame Knights
House hacking Tax write off
i'm under contract for a Single family (1600 SQ FT) and it has a existing detached two car garage (800 sq ft) that i'm planning on converting into a in-law unit/rental unit. I'm think of using a 203k loan to rehab bot...
Hark Tukay
How to handle a lease renewal?
How does everyone handle paperwork for renewals on their properties? Do you have the tenants sign a fresh contract or do you mark out the key dates and have them initial those areas? I have been doing the latter but i...
Vadim Mosneguta
Real Estate Contracts Problem
So I have a situation. Im a wholesaler and I want to get this property under contract, but the owner has it under contract with a different wholesaler . He wants to leave that wholesaler and go with me . But he’s afra...
John Greubel
Managing Family Owned MF Property Without a Broker's License
I am currently buying a very small ownership stake (0.10%) in a large 100-unit apartment complex in CA. The property is currently managed by a 3rd party company however the current ownership plans to have me manage th...
Joseph Dimaria
Rent to Own
I am looking to network with professionals that work in the rent-to-own space. I am most interested in the South Suburbs of Chicago. I am also interested in other investors success stories when doing rent-to-own. Are ...