Hi, I was recently advised by my lawyer that I can include this Real Estate Tax Liability section in my lease to get the Homestead Exemption for my rental properties in Champaign/Urbana. I am on the fence of should I ...
Just recently took over a building. 22 units bought from a local owner. The inspections were done in November but because of the holidays, the financing period was extended due to the banks needing extra time to close...
I just received a document in the mail stating that my tenants have filed for chapter 13 bankruptcy. How will this effect me? They are in good standings on their rent and always pay onetime, on the docs it also states...
I'm brand new to real estate & am looking to start investing in small multi-family in my local area when I graduate college in the summer of 2023. Before you look for a tenant, you obviously need some sort of leas...
Hi everyone. I am getting ready to close on property number 6. As an intro, my five other properties are all SFH. This one is a four family. Up to this point I have not had an LLC, I have just carried are large um...
I am just starting out in and have identified an promising multifamily property. I am going to partner with my contractor in the deal where he has the cash but I have the credit and income history to get financing. Th...
Any lawyers here who would be willing to review my real estate LLC articles or organization and operating agreement? I want to ensure that it’s written correctly. I’d be willing to pay a small fee for your review.
Quick summary.... I successfully evicted my tenant with a court ruling in April. I then delivered her the “Statement of Disposition” at end of April and the 60 day appeal window is up on June 24th. As of today, she st...
Hi all,my parents own a mountain home in North Carolina. Several years ago when a new survey was done on their property and the property next door, it was revealed that my parents propane gas tank (which was already i...
Hello BP Note Investors,Recently had a bid accepted on a CFD in AL. Received the collateral files, reviewed myself for any red flags (break in chain etc) and then sent the files to the lawyer who was recommended by s...