Stan Lee
Supplemental Taxes on a Multi-Unit Property
I have a question regarding supplemental property taxes. Let's say I have a multi-unit property that I renovated in 2018, thus I received a supplemental property tax bill due to the increased value. Would it be accura...
Dan Forler
Move out Secerty deposit
Hello All,This is my first turn over at my duplex. When I purchased the place one of the existing tenets have been there for 5 years. I carried over there lease and security deposit with the purchase. The question...
Matthew R.
Security Deposit Return Question
Sort of an interesting problem, for me at least. Hopefully it is a really easy answer and I am just overthinking it.Rented out a unit to 3 people, A, B, and C. They all signed the lease with a $700 security deposit ...
Robert Howard
Partnership proposal and analysis
I would like for a couple of people to give me some feedback on this proposal I have drawn up. The deal analysis link is HERE. The proposal is below:I propose that we start a LLC, create an operation agreement, and F...
Mike Savage
North NJ - Tenant Vacate Issues
Hi, A month to Month Tenant vacated my apartment during the middle of the month by giving notice few minutes after vacating the apartment. History : Initial Yearly Lease was converted to Month to Month Lease after Ten...
Oscar Rodriguez
Inheriting Tenants with No Deposit
I am currently in contract for two duplexes. They both have paying tenants on month to month leases. The issue is that none of them have deposits. What are some suggestions for handling this situation? If anything...
Christopher McGuire
What type of financing is this called? Is it legal?
I'm not sure the technical words to do what I want to do but I'm hoping you guys can shed the light (as always).I want to sell some of my rentals through some kind of owner financing or a rent to own type deal.What is...
Bryan Richardson
Tax on private money
If I raise private money from a co worker or family, Do I need to w9 them? Does any thing need to be done for taxes? My company is in a llc.
Michael J Scanlon
Chicago Realtor: Investor Client Purchase Breakdown
I wanted to help out and share a breakdown from a first time investor client of mine to show what can be done.
3 Unit Purchase Price: $289,000. Seller Credit: $8670. Down payment: 5% or $14,450 (home possible loan...
Samantha Klein
Triplex for 10K
I'm looking for opinions. My good friend's dad filed bankruptcy and he had a triplex he lost in it, and the trustee doesn't want to deal with it because they just had to evict the last remaining tenant and he came bac...