My wife and I started our REI venture for buy and holds. All properties purchased to-date are in my name alone however, there will be a time in the future when we plan to move them to a LLC. I alone own the properties...
Do landlords have the right to have a clause for 'Random' inspections ? I usually keep enough notice to tenants and co-ordinate with them but have recently come across some 'fishy' tenants and would like to have the r...
I am the corner Lot ( left side) of a 10 home HOA on a private street in Ohio. There is $800/yr fee. $300 of the annual fee goes to a “ street fund for when the street needs repaved ( this kitty is up to $21k). The...
A little upset right now so this is a little bit of a rant and (another) warning to investors to do your due diligence on properties before you buy them.Just got the lien search from the seller's title company today o...
I gave a Chicago tenant with a month to month lease a 30 day notice a few days after the new month started (big mistake, I know) and did not ask for them to pay other rent, just to leave in 30 days.
I got a letter f...
Hello BiggerPockets Community,
I'm a newbie landlord I've decided to offer my property as a medium-term rental (typically 1 to 6 months). I believe this duration is ideal for attracting professionals on temporary ass...
I have a house I was going to flip. I am now going to keep it and rent it out.It is in my 'active income' entity. I've only done 2 flips in this entity, and it's not tagged as a dealer yet, but it will be some day.I...
I'm not sure "plagiarizing" is the correct word here but here's the situation.
I buy the vast majority of my deals on land contract and always pay my attorney the $400 for his office to prepare the land contract a...
I have a couple that applied for my SFH. Rent is around $2200. Lady is recent Law graduate and will be starting a job locally with yearly income of 67K. They say that Husband is out of work due to Covid, but in backgr...
Hello, I finally sold my first deal, but it did not to go as well as planned. My LLC did not make any money for its first whole year and all the finances came from me loaning it. I know for a fact I probably d...