We found asbestos covering the pipes in the basement. I found it weird because the current owners has an 8 yrs old boy living there.  The sellers will rent from us for the next 7 months or until they find a place. My ...

Hello BP'ers! I'm interested in a property that is being marketed on the MLS as a duplex, but doing my own research, the county records have it labeled as a SFR.Questions:If I purchase the property, what's involved in...

How are you coping with late pay and no pay tenants during the pandemic?

Hey everyone,So I was talking to my friend about real estate investing today, and he told me about his friend who has $30,000 and is looking to invest but doesn't know what to do with it.  My friend and I have talked ...

I, like many others have just started looking into the real estate market. I am currently reading up on wholesaling/flipping and wondering why investors don't just do a little research themselves and purchase the prop...

Hello BP community:I posted a question regarding a 1031 exchange a few days ago and received invaluable feedback.I am based in New York (city and Long Island area) but am looking to invest out-of-state.  I have been l...

Hi everyone, I'm looking for any legal references that can help me answer the following questions and provide guidance as to whether this approach is sound or needs adjustments: -What is the entity structure for manag...

I'm going with my gut and I know some *concerned* individuals might lecture me :)As I talked about in a previous post, one of my applicants warned me that he had an eviction on his report but his name wasn't on the le...

The question is:Do you still acquire properties in the fall, rehab and hold them over the winter and sell at spring time...or do you change your strategy completely (no rehabs during the fall and focus on wholesaling,...

Hi, I'm just wondering if there's a good Option agreement that someone might be willing to post on the FilePlace.  I hope to have it in my toolbox when the time comes for a Lease Option scenario.Thanks very much for a...