Darrick Lowe
How to buy multi-family with no lease tenants
The majority of multi-families I have been looking at have tenants in place without a lease. They are paying month-to-month. Tenants are well protected here in NY. Let's assume that the Seller provides bank stateme...
Leah C.
Newbie- considering buying 2 unit home with code violations
Hi all, two questions: is an old 2 unit house required to have 2 doors (or 2 egress options) and how much might I owe to fix it?This is the first rental I'm seriously considering- it's on the west side, 2 units with a...
Ryan Freet
Analyzing a Portfolio
Hopefully this is the most appropriate forum for this topic. A couple looking to retire wants to unload a large portion of their portfolio. This consists of 25 units which includes some duplexes, a parcel with a perma...
Luke H.
Protect against scams while selling a house
Hello all,Hope all is well with you. I am doing my 1st seller finance deal and waiting for it to close. I am going out to the property daily (if possible) to keep an eye on it and take care of any maintenance. Today ...
Moises R.
Steep staircase to basement laundry. Am I liable of injury?
I have an old triplex with laundry for tenants in the basement. The basement steps are pretty steep and also have low headroom. If a tenant were to get injured on the staircase, would I be liable for the injury? Is ...
Lindsey Simpson
Lease Option 101: How Does it Work?
I don't fully understand lease options and would like help doing so. How can utilize them to gain steady cash flow? Thanks in advance for your help!
Noel Lumbo
Dead End Lead?
The house is unoccupied & is owned by an LLC. I looked up the address of the LLC and it is NOT a legitimate address.
Can an LLC be registered under an illegitimate address? Is there anyway to look up an LLC owner?
Daniel H.
Stair Repair
Some of the steps in my stairwell are wearing away/broken in the front so they need to be replaced. What is the best way to go about this? Do I need to remove railings and take off the step and replace or is there s...
Tucker Long
New property, sloping addition: Fix it, fudge it, or leave it?
Hey all! Just picked up a new property, it's two blocks away from on of the biggest universities in the world. Beautiful condition overall, despite being 120 years old. The whole house is super solid, with the excepti...
Sue Spencer
Sale of rental house depreciation of appliances
First time I have sold a rental house. I've always done my own taxes. I have been depreciating the refrigerator, gas range, carpeting and tile flooring improvements separately from the house as they were improvements ...