Meredith Mihm
Owner financing: interest due on sale!
Help-- should I do this? I just negotiated an owner financing deal that I am happy with. I like the down payment and the monthly payment. The property is distressed, and I will be getting it for a good price. He wants...
Lutfi Kadd
Partnership structure with contractors for flip projects
I'm considering partnering with a contractor to do flips. All costs/acquisition/marketing would be on me and the contractor will manage the construction project side of business. what would be a good rate to give him ...
Colton Mckell
Buying tax sale property
2 years ago I did a hard money loan with max monthly interest. I recently have been paid part of the principal, but was still in a situation on the interest owed to me. Recently the property that had I had up for c...
Branden Vandette
Gifting a house?
My mom inherited the house from my grandpa and wants to gift her previous house to me. What are the steps to get this done? Would I have to pay any taxes?
Colton Mckell
Buying tax sale property
2 years ago I did a hard money loan with max monthly interest. I recently have been paid part of the principal, but was still in a situation on the interest owed to me. Recently the property that had I had up for c...
Holly Barrett
Credit Security Deposit?
So I have this scenario:Tenant early termination, fee = $800 (equal to one month's rent)Security Deposit = $700 He is entitled to security deposit as per condition of unit, however he has not paid the early term fee, ...
Tiffany J.
Breaking a lease in Illinois
Hello! Here's a scenario for you. Tenant signed a 12-month lease in Chicago at end of March 2021. Tenant needs to move out now on May 22nd because tenant bought a house out of state. The landlord requested that the te...
Jordan Roberts
Primary Residence Question
Hey everyone quick question without going into too much detail.
If I buy a primary residence and leave it vacant eating the mortgage payments for 1 year until I can rent it out, is that typically acceptable by len...
Eric M.
What do you think of this behavior of RE syndicator
I wasn't sure what category to put this in and I am not ready to name names quite yet but I am in the middle of a very frustrating RE deal. I would like your input on some things I have just learned.I am a former flip...
Jennie Testman
Do you Duplex?
Hi all!!I'm in need of some advice. I'm looking to purchase my first property as a live-in flip/upgrade. I found a property that is a 4 bed 2 bath, an addition was made without permits to make a 2 separate 2 bed 1 bat...