Jimmy S.
Did my accountant screw up?
Long story short............. under my schedule e he put 365 days fair rental days when I purchased the property 8/20/14 and was really only like 120ish fair rental days. Now I cant use any of that income under Fannie...
Devon Locust
Tenant occupied properties
Hi all, I just recently got an offer accepted on a duplex in Michigan. The property is 100% tenant occupied and I have reviewed the current lease agreements and payment history of both tenants. Are there any potentia...
David Chandler
After i buy, how to rent???
Im simply saving up for a cheap property the owning company im assuming is giving me 3 months free of lot rent to fix the place up, after i fix the mobile home up. my plans are to put it in a add for rent.. is it that...
Gabrielle Simmons
Top things to do/know before buying with hard money?
I have been studying real estate for about 6 months, lots of books, videos, podcasts, meetings and analyzing deals. I'm ready to get my first property and considering using hard money or private lending to buy a flip/...
Kristen Cabildo
Applicant screening for college students
Just a few questions for other landlords who primarily rent to college students.
Should we require proof / documentation of their financial aid since they can't supply proof of income 3x monthly rent? Should we get ...
Andrew Rellinger
Found Vacant Home, but Not Sure Where to Start
I was recently visiting my friend and over the course of a few months, no one has shown up to their neighbors property. They informed me that they believe the owner had died and that the property is now in their child...
Guillermo Lara gonzalez
When buying a fully occupied property who pays back deposit?
Sorry if this is a newbie question but I’m looking into buying my first property soon and I was looking at some multi family properties and a thought hit me. When the property is fully rented and I buy it and a tenant...
Carmela Hunt
Experienced Chicago Rental Property Lawyer
Hi! I am unexpectedly closing in 2 days, on a 3 multi unit bldg in Chicago, Logan Square area. I am inheriting 2 rentors as of closing, and need help finding a very good lawyer, who knows the ins and outs of Chicago m...
Tom Server
What steps to take while purchasing a property with tenants
Hello, I'm about a month out from closing on a triplex with tenants. 2 of the tenants leases are expiring end of February and the third is on a sec 8 til Sept. The owner has a personal property manager taking care of...
George Dale
Documentation when borrowing private money from family
What documentation do I need to consider when borrowing long term private money from family (30 year amort/10 year balloon)? I am working with a close family member on a loan. There were be no lien's on the property...