Weronika Jedrak
Seller refuses to sign estoppel agreement
We agreed on the price with the seller on two duplexes, however 3 units are occupied and tenants pay 50% below market value rent. We want to renovate it and rise the rents. Tenants are on month-to-month leases. The se...
Travis West
Bad Dog Odors
We just bought a house where the owners kept two very large dogs in one bedroom. The dogs went to the bathroom outdoors but left dirty, oily, stains on the lower walls and carpeting. We have removed all carpet and pad...
Todd Chandler
Best Practices For Structuring Partnership
My wife and I are Realtors and have completed two fix and flips and are about to start on our third.We have an investor and his wife who want to fund a fix and flip as silent partners and split the profits from the pr...
Nicholas Jose
My New Landlord Transition Letter - please critique!
Good afternoon, BP.
I've been looking at New Landlord Transition letters on this site and wanted to create one for myself. I took pre-existing ideas from other members, re-wrote them, and added my own spin to them an...
Chad Harris
Tenant payments after ownership change
Hi all,How do you normally handle tenant payments that are made to the previous owner after closing and before you can notify them of ownership change and new payment instructions? We asked the seller to notify the te...
Brad Parker
Inheriting a long term tenant!
Hi everyone,
I am currently planned to close on a rental property in southern Indiana and will inherit a long term tenant. This tenant has lived in the home for 10 years, and pays a VERY low amount in their monthly r...
Carlos R.
Double closing on a short sale California
Do I need to add myselft to title if I want to flip (do a doble closing A to B and B to C) on a short sale? Im thinking that in order for my end buyers lender to work on the loan they have to see me (the seller on the...
Bryan Hancock
Excess Loans Over Basis Tax Treatment For Wrap Sales
Okay...So I have been studying this problem for years since I started doing sub-to purchases/wrap sales and it gets more confusing every time I look at it. I was hoping one of the tax wizards on the board could expla...
Chris R.
How can you avoid the tax on self directed IRA and multi fam
I've researched a bit about the conversion on an IRA to a self-directed or solo 401K and how to avoid the UBIT tax on larger syndicated multi-family non-recourse deals. From what I can tell from some of the research i...
Keith Jourdan
What to do about problem neighbor ?
Own a duplex in Westland Michigan . The one side called me today and said she is moving out , lease is up , great tenant . Sad to see her go.
She said she is moving out due to the neighbor , the other side of dupl...