Dea Chu
Old duplex, solid building, first property?
I'm looking for some ideas about a duplex I'm interested in. I don't own any property yet so this would be the first. The property is in northern Ontario, Canada, and is an all brick duplex with an in-law suite. It wa...
Dale Byram
Seller Financing: What are the Buyer Offer Norms?
I am looking at a quad in Grand Junction Co. The seller is open to seller financing. My question is, what is normally included in the initial offer? How detailed should I get? Obviously the buyers purchase price amoun...
Tasha Pams
Alabama tax deed and redemption
If I purchased a tax deed and put a tenant in place, what happens to the tenant if the owner redeems?
Bienes Raices
Quitclaiming into LLC, and lease
In the event that you own a property in your own name for a while and then decide to quitclaim it into an LLC that you've formed, what do you do about the lease if you have tenants currently there? Do you create a bra...
Sam S.
Servicer charging ridiculous so-called "lender-paid expenses"
We bought a property subject to existing mortgage. It was behind on payments and was scheduled for foreclosure auction in Texas. Before we brought the mortgage current, the servicer had told us that the Cash Advances ...
Timothy Taylor
Chicago Zoning Converting 3 units to 4 units (RS-3 zoning)
Hello,
I purchased a legal 3 flat in Chicago (RS-3 currently zoned) that that we are gut rehabbing and are looking to convert the basement into a 4th unit. We will have 2 means of e-gress, proper ceiling height (7...
Steven Joseph Fogarty
Selling a portion of STR rent as a Note
Hi. Notes Newbie Question for any experts on Notes. Is what I want to do legal, is it a thing, and is there a clever way to structure such an instrument where it is legal?
PREMISE: a STR is net cash flowing $3,000 pe...
Charles Johnson
private money contracts
This is my first time using private or hard money and I came across a lender who sent me their proposal sheet and Im not sure if this is typical or a good deal for me since im used to borrowing from banks or self fund...
Anthony Crawford
IS A CLOSING ATTORNEY NECESSARY?
MOST TIMES A CLOSING ATTORNEY REPRESENTS THE LENDER....IN THE WORLD OF REI A LOT OF CASH DEALS ARE BEING CLOSED....IS A CLOSING ATTORNEY NEEDED ON A CASH DEAL? NEWBIE HERE JUST WANTING TO MAKE AS FEW ERRORS AS POSSIBL...
Tasha Mckoy
Thinking of starting an Investment Club
I am interested in starting an investment club and wanted to see if any of you have some ideas of how they work, horror stories, legal structure, etc. What type of deals do you do? What things worked? What didn't wor...