Hi, BPWife and I are looking at a condo for a buy and hold scenario.  The homeowner's association language restricts rentals and reads:No more than twelve percent {12%) or seven (7) of the Condominium Units may be lea...

Hey rehabbers!I have heard and seen a lot of Dallas rehab companies taking duplexes and converting them to single family properties.   I have a property under contract in Dallas that is formally a duplex, but has been...

California Assembly Bill AB 2962 was approved and signed into law by California Governor Arnold Schwarzenegger on September 22, 2006.

California's current income tax withholding law enacted in 2002 and effective Jan...

I own a unit in a small condo-only building in Chicago. I am interested in moving out and renting out the unit for extra income.

Currently, our building has no rental restrictions in the governing documents but all 4...

Parents built a house in the 80s and just built as they went - no record of what they paid. Parents deeded over property my sister and I in 2013. I renovated and started renting out 33% of the house in 2014. I have th...

Hello BP! I am trying to convert the 4th unit of my quadplex into 2 smaller units making my building into a 5 unit. Zoning told me since I am in a "suburban" classification the density only allows 6 units/acre  and si...

I currently have a tenant that occupying one of my properties, she’s paying rent on time and arguably has been a great tenant. Unfortunately I received a call from the HOA regarding my property as being used temporari...

Greetings,I got the following feedback from underwriting:DOCUMENTS DUE AT CLOSING AND FOR SIGNING:- *Amended Operating Agreement to reflect Member-Managed signature block is needed. There has to be an area regarding t...

I was searching my county auditor transactions looking for motivated seller indicators and need advice.  Some are more obvious than other but wanted to share the categories.  What type of title codes / types should I ...

I find myself in a real estate purchase conundrum. BLUF: seller is trying to cancel our contract to buy and threatening litigation.
A bit of background, wife and I put an offer on this house. The process was going a...