I have recently come across a situation in which someone sold their investment property and didn't follow all of the 1031 exchange procedures completely ( they received the funds directly after selling their investmen...
Hello, This is my first post in the forum, so please bear with me. We have a potential property that is in Preforeclosure, my wife is a Realtor and she did some research and there is not a lot of equity in the mortgag...
I am rehabbing one apartment in a 1937 triplex in Los Angeles I just bought. Looks like the electricial wiring is original two cloth-insulated wires, although the kitchen and bathroom have three-prong GFI outlets. The...
Hello everyone-- I am noticing a trend emerging in background checks, and I would love to get your opinion. We have started pre-screening people before a showing using an app called "Forewarn". This app finds and comb...
I frequently see properties with non-conforming aka not permitted additions. Specifically, I'm looking at a multifamily property which had a garage, now converted to a studio. It has all the necessaries - kitchen, b...
What is a “Hard” Money Loan?
There is apparently, a lot of misunderstanding as to what is meant by “hard money”. Amongst the common misconceptions I see by posters on BP are that hard money loans are junior mortgages...
We have a 2 bedroom upstairs apartment for rent in Superior WI, and a potential tenant is asking if we would accept renting to a 1 year old Rottweiler owner.
Would like to get others perspective on this, as my first ...
I am moving states and just have one rental property right now. I'd like to sell the property so I can invest in where I'm moving to and not deal with long-distance maintenance. My current renters have expressed inter...
What do you all think about the recent HUD statement that says refusing to rent based on a criminal record is a form of racial discrimination, due to racial imbalances in the U.S. justice system? Does this affect Cau...