How does earnest money deposits works? As I was reading, I saw that when dealing with new buyers many wholesalers had made the buyers pay an earnest money deposit. Is this a recommended practice? Why? How much do I as...

Hi, I am an RV salesman from the desert (phoenix). I am looking to start a real estate flipping company called Quick and Easy. My goal is to reach a target market in a 45 minute radious of my home. Most people know th...

So I just found out that my tenant has 2 cats. He has been here for about 4 years.What should I do?I have in my agreement that there are are no pets and he would inform me if he has one.What should I charge him?Pet re...

I recently bought a sfr in Seattle, closed December 22, 2015.  The inspector that charged me $400 for the inspection totally missed a one foot diameter area in the dining room along the garage side wall that when step...

When you get a lease with an option to buy from a homeowner and then find a tenant/buyer, it's sounds a little weird when you bring out a lease and an option to buy contract. For one thing, I'm not even the owner; so ...

I'm currently analyzing the two 4-plexes below. Even if they both check out, I will buy one or the other, not both.

FOUR-PLEX #1 - $125,000
All heating units less than 7 yrs old. Roof replaced 5 yrs ago.
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I had to relocate to Chicago from ATL for my job and hired a property MGT company to assist with renting out my home in ATL. We found a tenant who owns his own company, wants to pay in advance with 3 month incremen...

Forgive me ahead of time for any seemingly obvious questions that I ask about this topic. I am unclear of the steps that need to be taken in order to legally take possession of a property through seller financing. I u...

Hi all - I'm new here, but have watced and read for a while without jumping in. I'm buying a house sub2 and the seller is asking me for a written guarantee that we will pay his payments. In the past, I've never had to...

Earlier this summer, my wife and I bought an older city town home that we renovated lightly (updated bathroom and kitchen), within a reasonable budget. We ran into a 2 month setback with our first contractor and decid...