Dwayne McNab
Basement Remodeling Project
Hi BP,
I wanted to get the community perspective on remodeling a project. Does it makes sense to get a professional drawing? I am kinda confused here. I am in the process of making my basement a legal flat and w...
Lauren Samford
LLC as a holding company for assets?
I recently formed an LLC for property management, as I intend to get into the business of STR arbitrage. I'm also looking to expand my investor portfolio, and recently turned my home into a rental. The lease agreement...
John Rosselli
Texas Law and Selling Real Estate without being a Realtor
I have been buying, selling, rehabbing & flipping as an LLC in Texas. I plan to incorporate and turn up the heat. Do you have to have a Real Estate License in Texas to Sell Properties or simply have a Real Estat...
Tommy R
Is it required to give a certain amount of earnest money per contract?
And if it's not required, what % of the time would you say that you do give an earnest money deposit?
Also, can I have a provision on my contract that says "If left blank, then no earnest money is due" or something t...
Michael Smith
Chicago zoning MFH purchase
I'm looking a t a place that is listed as 7 units in chicago in RT-4 zone
After quick lookup i got contradictory pieces of information
1 up to 3 apartments
2 low density apartments with no number ...
Mila F.
Applicant with unrelated minor - problems?
I never came across this. I have a qualified applicant for one of my properties who wants to move in with his minor (17-yr old) "stepson". The boy is from Latin America on a tourist visa here. I'm told the boy is the ...
Moran Eldar
Quit claim deed on your own
Hello,
I’m trying to file a quit claim deed of a house from my name to my business, which I own Individually. I use online form. When I type the grantee , my business name, should i write myself as a register agent o...
Christof Gardet
What is BPs thoughts on Docracy
Hey all, I was just told about the website Docracy I wanted to know what BP thought? I was reading over one of the leasing contracts and it seems pretty good and I might change some things. What are your thoughts?
Dan Gandee
7 Things To Consider When It's Time To SCALE!
When scaling a real estate investment business, there are several significant challenges that we had to overcome while getting to the 7 figure mark in holdings and roughly $10K net cash flow. Let me preface this to ev...
Jonathan Satizabal
Purchasing properties with "illegal" units
Would you purchase a property in Chicago with a non-conforming or illegal unit? What are your exit strategies if an issue comes up? What are the insurance or legal risks? Would you purchase the property valuing it wit...