If a motivated seller is financing me his houseCan he make me pay interest? Like 5.12% interest or 4.24 interest?

Hello everyone. I'm a recently licensed agent in the Chicago area. I've worked the last 9 years in industrial & commercial construction, as well as being a part time real estate investor. When I moved to Chicago 3...

The husband passed away spouse is not on deed of the house . The Wife would like to sell the house. He did not have a will can she sale it or do she need to go through probate first . Could she use a small claim affi...

My wife and I purchased a duplex in July 2016, lived in it for 26 months before using it as a full time rental, and sold it in September 2020. Our accountant has stated that because we claimed it as a rental the last ...

Can an individual 1031 from the sale of a building into another building with a partner?  I don't see why not but my client thought adding a partner to his next transaction would ruin his 1031 status.Thanks for the he...

Hello all!

This will be my second post on BP, and since my first post I've been able to purchase a Duplex which my Fiancé and I occupy while renting out the other unit. This has been great thus far, and as such has b...

I plan to retire from FSU as a mechanical engineer/machinist in about 6 years and want to research a potential  entrepreneurship in short term vacation rental properties. I have absolutely zero experience and just wan...

This is a bit complicated. Selling a property, large gain, I am 50% owner, planning to separate my proceeds and exchange into another investment property. We are having to carry a small note for the buyer, 1st positio...

When researching pre-foreclosure properties, I get an initial feel for the lien situation from the foreclosure complaint, but know there may be others out there.  Short of doing my own search at the courthouse, what a...

What advice would you give to a first time investor on how to find, what to look for, how to analyze, acquire financing, negotiate, and buy one of these properties in these market conditions?