Paul Winka
Renting from your own LLC?
Is it possible to do this? I am trying to think of a creative way to put a property "in service" to be able to claim schedule E deductions. Yes, yes, there is a back story to this.
David Zimmer
House hacking with an investor
Curious how the financial arrangement is made if someone, for example, buys a duplex with investor #2 but only investor #1 lives in one of the units. Assuming both investors fronted equal amounts for down payment, clo...
Jason L.
Should I Pass Plumbing Bill Down to Tenant for Negligence?
Tenant calls me today to tell me the toilet is clogged. I called the plumber, who after fixing the clog told me that it was because of paper towels being flushed. The lease explicitly states that anything besides toil...
Tyler Patterson
Suspected occupant dumping large items
So I just bought a four-plex and found that every rented unit has an occupant thats not on the lease. That's a seperate issue that's going to be handled eventually but the big issue is I suspect that an occupant in on...
Tracie Van
Wisconsin - No lease agreement in place
We took over some duplexes and I noticed that one person's lease ended May 31st of this year. I don't want to renew them for a year. I'd like to just give them 28 day notice, but its unclear if the lease automatically...
Mike Swanson
Chicago Security Deposit Advice
Unfortunately I did not provide a receipt for the security deposit I received from my tenants 3 years ago in the City of Chicago. I also did not provide a yearly interest payment as required. My question is: if I re...
Maria Luna
Commercial loan without W2 income
Hey guys,Just a question here, can you get a commercial loan for a small apartment building (8 units) without a W2 income? Price is $400,000, I have good credit, the 25% down payment and cash flow from other propertie...
Ryan O.
Earnest Money - No agents involved
Our long time agent brought me a off market lead that we are preparing to submit an offer on. Our agent is negotiating the deal on our behalf but does not have an an agreement with us or the seller regarding repre...
Ashley Abramson
Listing House As Is - Agent afraid of Liability
Hello - I am trying to list a property AS IS, with a friend of mine who is an agent. Its a project that unfortunately we had many contractor issues and simply don't have the money to finish.It has new plumping, electr...
Angela A.
Tenant wants indoor door lock changed
Tenant has moved in a few months ago and has a small child. The master bedroom door and the storm door has a lock, but I don't have the key and tenant is afraid child will lock himself in, in the case of the master be...