Marc M.
Buying an HOA lien at Sherrif's Sale
Hello BP,Are there any investors out there who have had success buying HOA liens at weekly sheriff's sales? I follow public notices in my home state of Michigan to track foreclosures in areas I invest in and sometimes...
Lee S.
removing "tenant" from new purchase
I'm closing on a house next week and I'm looking for feedback on how to potentially deal with a tenant that is dragging their feet getting out. The tenant is the owners daughter who has lived in the house rent free s...
Mike Swanson
Chicago Security Deposit Advice
Unfortunately I did not provide a receipt for the security deposit I received from my tenants 3 years ago in the City of Chicago. I also did not provide a yearly interest payment as required. My question is: if I re...
Matt W.
Is this lease detail legal in NC?
Hi BP, I'm thinking of adding a detail to my standard NC lease that would encourage tenants to pay early. I have heard of others doing this but I wonder how legal it is. I don't see why it would be illegal because it...
Nancy Stark
How should I lease during an eviction moratorium?
I just purchased my first two SFH in a B-C class area. One is a BRRRR (currently in rehab), other traditional (ready to rent). Would you have the new tenant sign a 12 month lease right now, or start off month-to-month...
Henry Lazerow
Deal Diary - BRRR 4 unit over 100% cashout :)
Purchased June 2023 for $137,000 legal 4. Property had water in basement, bad roof and units were trashed. In a C-/D area in suburbs. I normally focus on north side of Chicago but a client sent me this asking to co-in...
Josh Norris
Lending to property owners in tax foreclosure
Is anyone lending money to home owners that are about to lose their home to tax foreclosure and using the property as collateral should they not pay it back? Is this legal in respect to the safe act? I currently mar...
Trisha Punneo
Loan terms and conditions agreement help
Can anyone tell me if this is a good loan agreement?
LOAN TERMS AND CONDITIONS
(1) Borrower must have a working bank account in his/her name or company name which will be used for the transfer of t...
Jhansi B.
unusual situation.. vacating a condo
We are in an unusual situation. We purchased a condo for my stepson for him to live there and the agreement is for him to pay for the association dues, property taxes etc (the cost to maintain a home).. His mom also m...
Mauricio Botero
Philly Realty Transfer Tax (x2) when buying from a wholesaler?
As we already know when you buy and sell property in Philadelphia, there is a transfer tax you have to pay that comes out to about 4.2% of the purchase price of the property. https://beta.phila.gov/services/payments-a...