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I am in NJ. We received CO but inspector gave me a violation due to 3 year inspection. So now I received court appearance. Is it a normal practice and what to expect? Did anyone have experience with this issue? Do I n...
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Anyone ever bought or owned an apartment with a non conforming unit? Wondering how mail is received and if there are full utilities hooked up. Guessing that the postmaster needs to see a deed or something like that t...
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HelloI'm a new wholesaler and I would like to know when and if you find a cash buyer and he accepts the deal and all at closing how does the buyer know or transfer money to me or the seller? does he wire the money or ...
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Hi all,I passed my real estate license exam in Illinois over the recent weekend. I just received a solicitation via the phone from a brokerage trying to get me to join them. He found my information online showing that...
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I have a question for you tax gurus out there. Obviously with the real estate market being hot, it is/was a good time to sell some rentals acquired during the market downturn.**My Situation**I sold some a large quanti...
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Hi all,
I am stuck in this situation. Due to my bad personal credit. I am seeking in bringing in a partner to use his/her excellent credit to apply and get funding for acquiring properties. I already set up a LLC. My...
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I'm looking at a duplex that has tenants in place. Each unit is rented for around $800, but market rents are $1500. The leases end in October and August, so if I were to buy it with a loan I would eat a part of the mo...
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Discussion Scenario: say I were looking at purchasing a property for $120k and I wanted to take out a loan in my name with 5% down ($6000). Then I go to a private lender (family, friend, referal) to front the 5% down...
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I am trying to set up a way to receive interest payments on loans we are making through a self directed IRA. I first tried Venmo, but that method was questionable because of how it was titled. I am looking at PayPal...
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I know there are some land contracts where payments are treated as rent, and others where payments count towards the balance on a note.Most of the time when a buyer resells the house before the full term is up, is he ...