Justin Wilcox
How to reject an applicant for rent?
I have a room for rent and I happen to know that the person who wants to rent it would not be a good tenant because they have had not paid their rent in the past and cause problems for other tenants. It was not docume...
Cal C.
Portfolio lenders are getting easier to find.
I may have written about this before, but over the past six months I've found it a lot easier to find portfolio lenders than anytime in the past 7 years. I have always had a solid real estate record, solid financials...
Juan Santiago
Is "We Buy Houses" on marketing materials false advertising?
Is it considered false advertising as a wholesaler to tell people that "we buy houses" I buy houses" etc...? Is it false advertising to put it on marketing materials? Is it false advertising to use it as a website nam...
Troy L.
ESA letter medical provider question
Hi everyone, A tenant has brought to my attention she wants a esa for medical problem at sfr I rent to her. So today I get a text with a picture of letter from an alleged medical provider (DNP-C). Missing from the ...
Byron Bohlsen
Trouble Chosing
Hi Folks,Hoping for some thoughts from some experienced landlords. I am trying to choose between two applicants. I think I know what to do but wanted to get feedback. Applicant A:Unmarried couple, very blue collar. At...
Matyas Sustik
1031 base calculation
I believe I understand the base calculation for the replacement property in general. However, I am not clear on whether paying broker fees outside of closing could make a difference or be (tax) advantageous in certain...
Allen Ayres
Title Searches
I just got my first property under contract. My intention is to do a preliminary title search on my own just in case there is something that would obviously be a deal killer. I went to the courthouse and under the ...
Tony Freeman
Why Security Deposits In Chicago Are A NO NO!
This isn't meant to be a long post but I have a lot of first time investors and house hackers or just investors that are new to Chicago that ask about charging a security deposit and my answer to them is NEVER charge ...
Ashley Wallace
Help me figure out why we can’t qualify for a loan.
My husband and I own our house outright. We have a HELOC on the house with an available line of $330K. We have $120K drawn from it right now. We also an investment property under contract to be sold for $815K. We owe ...
Steve Hungerford
Can I defer capitol gains and keep low property 19 (CA) Tax ?
I am the POA for my dad. His house has high capital gains taxes (bought it 1983) and low property 19 (CA) tax base. Can I keep property 19 tax base on a 1031 exchange ? ( I have heard no)
Could I do the 1031 exchange...