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...
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...
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...
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 ...
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...
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...